Knight Transportation (NYSE:KNX)
CAPS Rating:
The Company provides regional truckload carrier services from the Company regional dry van service centers, and from its temperature controlled service centers.
The Company provides regional truckload carrier services from the Company regional dry van service centers, and from its temperature controlled service centers.
Recs
Strong operator in frozen food trucking, which could be insulated from recessionary environment that is pressuring transportation stocks. Smaller players struggling with increased capex and regulation, positioning companies like KNX for share gains. Also, construction slowdown could boost relative attractiveness of truck driving, easing supply constraints.