Trucking Might Be Having Its Worst Year Since 2007, Says JPMorgan

PMorgan has warned that the North American trucking industry might be having its worst year since 2007.

Analyst Brian Ossenbeck, who launched the coverage on the sector, said the truckload sector faces a broadly negative 2016 fundamental outlook and expects to drive the first contraction in realized revenue per loaded mile (ex-fuel) since 2007.