In line with the myriad of economic indicators and reports in recent months showing a decline in demand for trucking services and associated declines in trucking rates, the country’s largest publicly traded trucking companies saw sliding revenues and profits in 2016’s second quarter, according to publicly available earnings reports.
Indicators: ‘Trucking Conditions’ at worst point in 5 years, diesel prices expected to climb in ‘17
Market conditions for trucking companies have hit a multi-year low due to cheap rates and excess capacity.
The charts below show revenue, EBITDA (earnings before interest, taxes, depreciation and amortization) and net income. As the charts show, the carriers listed saw across-the-board drops in all three from last year’s second quarter.