Wall Street is starting to see early signs of life in the trucking market, and Bank of America says supply-side pressures are finally creating the conditions for rate improvement — even though demand hasn't yet shown up.
On Friday, Bank of America Securities raised its price objectives and earnings estimates for major truckload carriers like Knight-Swift Transportation Holdings Inc. (NASDAQ:KNX), J.B. Hunt Transport Services (NASDAQ:JBHT), Schneider National (NYSE:SNDR), and Werner Enterprises (NASDAQ:WERN), citing tightening capacity and regulatory pressure that's removing weaker operators from the market.
