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Trucking companies watch for new hours of service rules

Published 09/13/2018, 08:09 AM
Updated 09/13/2018, 08:09 AM
© Reuters.  Trucking companies watch for new hours of service rules
  • Height Capital Markets says proposed flexibility in rules covering hours of service for truckers could be a major win for J.B. Hunt (NASDAQ:JBHT), Knight-Swift (NYSE:KNX), Old Dominion (NASDAQ:ODFL), and Schneider National (NYSE:SNDR) sometime down the road.
  • The firm forecasts the trucking company could stand to reduce operating costs by over $150M and save roughly 2.3M (NYSE:MMM) hours of drive time under the proposed rules adjustments from the Federal Motor Carrier Safety Administration.
  • The path to final adoption of new HOS rules could extend out until 2020.
  • Now read: Knight-Swift Transportation: Hold


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