Business Insider: "Trucking stocks are getting whacked..."

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Business Insider: "Trucking stocks are getting whacked..."

Excerpt from Business Insider quoting DataTrek’s Nick Colas:

…. “And Nicholas Colas, co-founder of DataTrek Research, agrees that the trucking industry has already reached a cyclical top, due to the cooling of trucking demand and falling oil prices.

“Lower levels of demand combined with declining oil/fuel prices are beginning to take their toll on trucking industry pricing power,” said Nicholas Colas, co-founder of DataTrek Research.

Oil prices have been under pressure recently, with West Texas Intermediate crude oil down 36.76% from its four-year high of $76.90 a barrel set on October 3. And trucking companies are worried”….

Read the full article here on Business Insider!