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Trucking stocks trade in red; Morgan Stanley revisits LTL sector

Trucks driving through a countryside landscape at sunset

Marcus Lindstrom/E+ via Getty Images

Trucking stocks were trading in red on Wednesday, with the S&P 500 Trucking Index (SP500-20304020) down ~11% and the Nasdaq Combined Transportation Index (TRAN) down over 5%.

According to a Bloomberg report, trucking and logistics

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TRAN--
NASDAQ Combined Transportation Index