The trucking industry stumbled through the first quarter amid a slowing economy and high inventories, according to experts.
“Broadly, numbers had to come down,” Wells Fargo analyst Allison Poliniak-Cusic said. “Things are a bit muted than maybe we anticipated as we entered the year. A lot of macro uncertainty is still very much front-and-center. So, I would say from a volumes standpoint, earnings will be lower, volumes will be lower, pricing seems to be coming in at the lower end of where we thought originally.”
