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Trucking stocks slide as earnings anxiety picks up

  • Trucking stocks are notably weak today with several analyst downgrades out in the sector.
  • Knight Transportation (KNX -4%) received one of the harsher actions with Wolfe Research downgrading the stock to an Underperform rating.
  • Other analysts cite apprehension in the sector into key earnings reports.
  • Trucking decliners: Celadon Group (CGI -3.2%), Swift Transportation (SWFT -2.8%), Heartland Express (HTLD -2.9%), Werner Enterprises (WERN -6.9%), USA Truck (USAK -6.4%), P.A.M. Transportation (PTSI -4.9%), Roadrunner Transportation Systems (RRTS -2%).

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