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– Bank of America is cautious on trucking over concerns in the short term on negative sentiment and rising net truck orders.

– Analyst Ken Hoexter: “As net orders neared peak the prior two cycles, shares of large truckload carriers fell rapidly (with KNX and WERN declining 40% and 20% on average from peak levels). The 12-month order trend rarely stabilizes at replacement, with the last two cycles posting orders that added excess supply as carriers moved to capitalize on historically ...

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