Susquehanna Financial Group cut estimates for trucking and logistics companies heading into the first-quarter earnings season. Uncertainty around tariffs and retailers building inventories in response has turned “macroenthusiasm into pessimism,” analyst Bascome Majors told clients in a Wednesday report.
“We’re cautious into spring as the truckload cycle likely gets worse before it gets better,” Majors said, noting that “pending tariffs have caused a broad ‘wait & see’ approach for retail and...
https://www.freightwaves.com/news/truckload-earnings-estimates-cut-as-q1-draws-to-a-close