Trucking Industry Update
Keep on Trucking
President Trump gave a rousing speech in front of truck drivers in Harrisburg, Pennsylvania on October 11. It was the right audience at the right time for sure as truckers are the lifeblood of American commerce, but high taxes and regulations have held back the industry.
The turnover in the first half of the year surged from 16% to 90%, the highest since the first-quarter 2015 (1Q15):
There is a myth about folks not wanting to be truck drivers. And yet, the Department of Transportation registers 40,000 new commercial driver’s licenses each month. The issues are stringent rules and the difficult rigors of the job along with high taxes and regulations.
Big truckers in 2016 endured hefty effective tax rates:
America First begins with helping those that transport our food and medicine.
October 2017 Update - Since we issued our report on the Trucking Industry on August 9, the sector has been on fire. Two of the companies featured have hit or surpassed the target, and all four are up over 15%. We still believe these stocks have room to the upside and are raising our price targets. Please note that SWFT is now KNX.
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