Report
Matthew Young
EUR 100.00 For Business Accounts Only

Unprecedented Rate Gains Drove Trucking Stocks to Fast Lane, but Valuations Becoming Reasonable

Following a mini freight recession in 2016, the truckload, or TL, shipping landscape enjoyed a remarkable recovery in the latter half of 2017 and operating conditions proved exceptionally robust over the past year. TL capacity entered an unprecedented tightening phase on the back of strong shipment demand, widespread ELD adoption (the foremost driver of disruption), and constrained driver availability, translating into a massive uptick in carriers' pricing power. Extremely tight supply pushed sp...
Underlying
C.H. Robinson Worldwide Inc.

Robinson (C.H.) Worldwide is a third party logistics company. The company provides freight transportation services and logistics solutions to companies. The company's segments are: North American Surface Transportation, which provides freight transportation services across North America through a network of offices; and Global Forwarding, which provides global logistics services through an international network of offices and also contracts with independent agents; and All Other and Corporate, which includes Robinson Fresh? that provides sourcing services including the buying, selling, and marketing of fresh fruits, vegetables, and other perishable items, and managed services that provides Managed TMS?.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Young

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