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Trucking stocks sink on downgrades, pricing outlook

2016-04-08 00:46:54| Trucking - Topix.net

Truckload freight carriers fell sharply today after Stifel analysts downgraded several operators, saying they foresee weak pricing for long-haul trucking services for the rest of the year. Shares of most trucking companies have been rising since mid-January, but several trucking industry research groups have said capacity in the market remains relatively plentiful, giving shipping customers more leverage.

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