Power-Only represents a major structural shift in the truckload market. It combines technology, efficiency, and capital leverage — with implications for earnings resilience, trailer demand, and the evolving asset mix across incumbents and disruptors alike. Companies like J.B. Hunt (JBHT), Knight-Swift (KNX), and Schneider (SNDR) are already building out Power-Only networks — offering potential growth and return advantages, and Startups focused on trailer pools (e.g., FreightVana) are carving out opportunities in the space.
Read the full paper here: Raymond James – Power- Only Jan 2023