Accounting ImpactElevated depreciation expense is lowering reported profitability and obscuring comparable operating results, making it harder for investors to gauge true earnings performance.
Acquisition RelianceDependence on acquisitions to replace customer attrition raises concerns about sustainability and suggests the company may need to adapt its business model for durable organic growth.
Broker Competition And Guidance RiskContinued rate pressure from shippers shifting freight to brokers, combined with cautious management guidance, could push meaningful recovery toward mid‑2026 and keep investor sentiment muted.