Global supply chains are showing signs of opening, but the COVID-19 Omicron variant is now spreading and could disrupt them again. A concern is also the continued increase in labor shortages within the trucking industry. We believe it is prudent to steer clear of trucking stocks Old Dominion Freight Line, (NASDAQ:), and Yellow Corporation (YELL). Wall Street analysts anticipate that these stocks will see a decline over the next few months. Keep reading. Trucking plays an important role in transporting goods from one region to the next. On November 15, the President signed $1 trillion in infrastructure legislation. It includes $550 billion for broadband and transportation. This could help boost the trucking industry’s prospects. However, supply chain issues pose a concern for the sector’s growth.

Pandemic-induced shortages caused an increase in consumer prices. This has been the most significant rise in inflation for more than 30 year. Even worse, news reports about a new variant of the coronavirus, known as omicron, came just as supply chain problems were slowly improving. A shortage of truck drivers could also exacerbate supply chain problems.

We believe it would be prudent to steer clear of trucking stocks Old Dominion Freight Line, Inc. ODFL and Yellow Corporation (YELL). Wall Street analysts predict that they will decline over the next few years. They are also overvalued at current prices.

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