Capstone Headwaters has released its Q1 2020 Transportation & Logistics Public Earnings Update, reporting that public markets have taken notice of trucking companies that have strong balance sheets and the ability to weather freight recessions. According to the report, numerous Less-than-truckload (LTL) and Truckload (TL) carriers, which are leading economic indicators, are trading at valuations near or above pre-pandemic valuations. Healthy companies will be in prime position to take market share from overleveraged or bankrupt competitors as capacity contracts.
The report includes:
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