Does Old Dominion Show That Trucking Is Hitting The Brakes?
Shares of trucking company Old Dominion advanced 19.28% in the past three months and 9.50% in January.Revenue grew at double-digit rates for the past seven quarters as the pandemic ignited the market for freight transportation.However, revenue growth declined from 33% to 15% in the past two quarters.Fellow S&P 500 component J.B. Hunt reported disappointing earnings and revenue this week.A top industry analyst expects the industry to remain sluggish until next year.5 stocks we like better than Old Dominion Freight LineThe health of the trucking industry can be a valuable barometer for overall e...