2025-06-02-Jefferies-6月4日周三电话会议_Haul_Hustle现场直播周度网络研讨会_7页_876kb

Webcast Overview: This week's Jefferies Equity Research webcast is scheduled for Wednesday, June 4, at 3:00 PM EST, focusing on transport and logistics trends. Key topics include recent trucking bankruptcy trends, import activity from the US-China lane, cycle expectations, and discussions from the NDR with Republic Services (RSG). Speakers are Stephanie Moore (Equity Analyst), Joe Hafling (Equity Associate), and Sid Sandilya (Industrials Equity Strategist), with a live Q&A and replay available.

Trends and Analysis: The discussion addresses the accelerated pace of trucking exits, import volume expectations, and insights from a recent NDR in Boston with RSG executives. RSG, a recycling and waste management company, is highlighted with a "Buy" rating based on expected 15%+ total return, reflecting resilience in the sector.

Valuation and Risks: RSG is valued using P/FCF multiple, with risks including competitive pressures, lower CPI, declining recycling prices, and tighter regulations. Historical price targets show strong performance, but analysts emphasize ongoing challenges in freight market volatility.

Key Recommendations: The "Buy" rating for RSG suggests potential upside, while broader logistics trends highlight supply chain uncertainties. Investors are advised to monitor intra-quarter data and sector-specific risks due to regulatory and economic factors.