Rate guidance should drive TL estimates higher, Morgan Stanley says

Knight-Swift's 2022 estimate too low?

In a Monday note to clients, Morgan Stanley analyst Ravi Shanker identified three key themes for the third-quarter earnings season, which begins Oct. 15 when J.B. Hunt reports. Hurricane Ida’s impact on the period, 2022 rate expectations and labor issues throughout peak season are the areas that will get the most attention, according to Shanker.

Hurricane unlikely to materially alter Q3 results

The report said only two companies, truckload carrier Werner Enterprises (NASDAQ: WERN) and Union...

https://www.freightwaves.com/news/rate-guidance-should-drive-tl-estimates-higher-morgan-stanley-says

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