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Trucking Companies Climb on Expected Demand for Harvey Cleanup

  • Landstar jumped 15% on average in months after earlier storms
  • Impact seen constraining capacity in already-tight market
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Expectations that trucking demand will increase for cleanup from Hurricane Harvey helped boost shares of Landstar System Inc., YRC Worldwide Inc. and C.H. Robinson Worldwide Inc.

The cost to hire a flatbed truck, which can carry in equipment and haul out debris, could climb as much as 15 percent, said Josh Brogan, who specializes in logistics for consulting firm A.T. Kearney. That expected jump and increases of perhaps 10 percent for other types of trucking services will ripple through the industry nationwide, he said