Trucking stocks like ODFL, SAIA, JBHT and KNX have dipped by around 15% in the last five trading days.
As far as I can tell there’s no news related to those specific companies, but recently Freightwaves has been sounding the alarm of a “looming freight recession” due to declining demand.
As Freightwaves tells it, there’s going to be a “bloodbath” amongst companies that just entered the market or over-expanded in the past 2-3 years.
I’m just some guy, but as someone who has some ODFL, I say so what? The bigger names should be fine and there’s worse investment ideas than averaging down on ODFL.
What says Reddit?
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