$CVTI misses by a penny despite robust trucking demand.
Rev upside limited by contracts but costs ramping due to wage pressure and 3rd party capacity costs
Expect contractual rates to go up meaningfully as the year goes onpic.twitter.com/J7UR1AyrwT
CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure
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$CVTI misses by a penny despite robust trucking demand.
Rev upside limited by contracts but costs ramping due to wage pressure and 3rd party capacity costs
Expect contractual rates to go up meaningfully as the year goes onpic.twitter.com/J7UR1AyrwT
$WNC with a beat and raise quarter
Strongest backlog in more than two yearspic.twitter.com/1tz51zdule
$KNX sees strong upward bias to contract rates
Will flow through to retail prices and CPIpic.twitter.com/981bcPMbC7
Consumer stocks starting to feel the pinch of freight rates
"in December were up 18% y/y"
h/t @wallst_walruspic.twitter.com/55vHwRaeu7
$MAT also mentioned delivery costs on their call last night
Donut Shorts Retweeted Conor Sen
Donut Shorts added,
$TSN says freight costs will impact meat pricespic.twitter.com/gUTig7CxRw
Boston Fed on trucking (from Beige Book) "Another supply issue was trucking. A contact said that companies now have to plan well in advance to guarantee trucking capacity; finding it at short notice is either impossible or very expensive--the main issue is a shortage of drivers."
$VRS on trucking:
“seeing record levels of freight costs, and we are having real meaningful availability challenges from a logistic standpoint"
Fwiw, in the area where I am (drayage, which means moving shipping containers), the xplanation for lack of availability and higher pricing is a lack of drivers NOT vans/chassis/trucks.
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