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Stock impact report

Tractor demand no longer necessarily a gauge for market health [Yahoo! Finance]

ArcBest Corporation (ARCB) 
Last arcbest corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: arcb.com/investor-relations
Company Research Source: Yahoo! Finance
Class 8 truck orders remained unseasonably strong through the first few months of 2024, outperforming last February by over 20%, according to ACT Research. Freight-hauling semi trucks typically dominate this category and have been a good indicator of industry health, but like many indicators, this value's implications have changed. Ask transportation service providers the state of the national freight market, and they will all say the same thing: It is awful. National truckload carriers are already tempering expectations for investors in Q1 Long-term contract rates for dry van truckload freight continue to deflate, showing over 7% lower year over year in early March. In other words, there is very little reason to expect this category of truck orders to show signs of strengthening. ACT offers up a few explanations, stating that private fleet growth and some level of increased vocational spending thanks to government spending on infrastructure and nearshoring efforts are propping Show less Read more
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