By Shefali Kapadia
Part of 2020 and 2021 so far have proved to be blockbuster for trucking. Consumer demand kept shippers busy and pleading for space, while the supply of tractors, trailers and drivers remained tight.
But not all trucking firms benefit equally from the continuing freight boom. As in every industry, some transport firms are financially healthier than others, according to data from RapidRatings, which assesses the financial health and risk of publicly traded companies.
“In many ways, the trucking companies can craft their own destiny, given the … demand for goods movement,” said James Gellert, CEO of RapidRatings.
The tables below show the financial health for 20 of the largest publicly traded trucking firms in North America, using two metrics:
- Financial health rating: FHR is a measure of short-term resiliency and risk of default; it is based on liquidity, earnings performance and other factors.
- Core health score: CHS is a measure of medium-term risk and efficiency. Gellert described CHS as a company’s ability to weather an internal or external storm.
The average FHR across industries in the U.S. in 2020 was 54.6, Gellert said, and most trucking firms’ FHR scores are well above that average.
“It’s a decidedly strong group of companies,” Gellert said.
Continue reading on Trucking Dive.
SHEFALI KAPADIA 