Financial PerformanceThe stock has underperformed its TL peers this year and, while it began to bridge the gap through the summer, it has largely given up those gains and the underperformance gap is back at its peak.
Market ConditionsManagement views the current freight recession as the worst in the company’s 45+ year history.
ProfitabilityUnlike TL peers, this likely matters less than the miss itself as HTLD has been unprofitable (or teetering there on) for a few quarters now.