Trucking leaders see signs of supply rebalancing [Yahoo! Finance]
Schneider National, Inc. (SNDR)
Last schneider national, inc. earnings: 4/30 09:00 am
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Source: Yahoo! Finance
Executives from some leading U.S. trucking firms appear optimistic that demand may be showing signs of turning the corner. Because of tightening capacity fueled by a federal crackdown on nondomiciled commercial driver licenses and CDL mills , executives say the industry's oversupply has been exiting the marketplace. C arriers either being forced to shut down over lost business or filing for bankruptcy is a lso influencing this trend. Leaders from J.B. Hunt Transport Services, Schneider National, Ryder System and Werner Enterprises discussed the prospects of a market upturn and capacity tightening at recent investor conferences and news media podcasts. Here's what they had to say: Shelley Simpson, president and CEO, J.B. Hunt “After our fourth quarter earnings call, I talked about the market feels fragile, specifically from what's happening from a supply side perspective,” Simpson said during the annual Raymond James Institutional Investor Conference on March 3. “I would tell
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