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Market Shares - USA - Trucking Industry Faces Strong Headwinds
NEW YORK,.NY,USA -The Houston Chronicle (Houston,TX), by JAMES M. AMEND/AP -6 Oct 2006: -- Oil prices have slipped below $60 a barrel and investors expecting a corresponding uptick in consumer spending have rotated back into the trucking sector, but given the headwinds facing the industry today, any run-up the stocks have is likely be short-lived... David Ross, an analyst at Stifel-Nicolaus, who expects that trucking stocks will give back in the first quarter of 2007 whatever they might gain during this year's peak season, said: "Trucks are more expensive, driver pay is rising, regulatory costs are rising... So we like the industry in the long term. It's just a matter of timing."...
posted by Unknown @ 12:16 PM
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