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Consequently, freight demand has increased significantly over the past couple of months, outpacing the trucking industry’s ability to attract drivers and acquire new equipment. With spot truckload rates near all-time highs and strengthening contract truckload rates, the U.S. trucking industry is poised to grow significantly in the near term.
Given this backdrop, we believe trucking stocks Old Dominion Freight Line, Inc. (ODFL), Knight-Swift Transportation Holdings Inc. (KNX), and ArcBest Corporation (ARCB) could deliver substantial returns in the coming months.
