- While retail sales are on an uptrend an unexpected obstacle has emerged that could threaten inventory and distribution in the form of a shortage of trucking in the U.S.
- The Wall Street Journal's Jennifer Smith observes that Constellation Brands (NYSE:STZ), Campbell Soup (CPB and J.M. Smucker (NYSE:SJM) have all pointed to rising freight costs amid tight truck supply in their recent earnings conference calls. There are also many anecdotal reports of stores lacking some products due to trucking delays.
- The pickup in retail sales coincided with a new federal safety rule that requires truck drivers to track their hours behind the wheel with electronic logging devices (called ELDs).
- Related trucking stocks: OTCPK:DDAIF,ULH, USAK, SAIA, PATI, PTSI, JBHT, KNX, LSTR, MRTN, HTLD, WERN, ECHO, ODFL, CVTI, CGI, ARCB, YRCW, CMI, NAV, PCAR, TSLA.
Retailers ask where are all the trucks?
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Symbol | Last Price | % Chg |
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STZ | - | - |
Constellation Brands, Inc. |