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Trucking Growth Will Continue, Analyst Says

Published Thursday, March 01, 2001

Despite the overall economic downturn in recent months, Deutsche Banc Alex Brown (DBAB) analyst John Barnes is predicting that the trucking industry will continue to grow — although not as fast. Barnes, who officially launched DBAB coverage of the truckload and less-than-truckload sectors, believes several key trends are fueling growth in the trucking industry, which is projected to grow 3% per year from 2000 to 2008. These include the growth of outsourcing and the increasing importance of time-specific deliveries, he said. “As shippers realize that there are more appropriate uses of their free cash flow, we believe outsourcing ...

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