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Proficient Auto Logistics, Inc. (NASDAQ:PAL) shares are trading higher on Thursday. Stifel analyst J. Bruce Chan reiterated a Buy rating on the stock with a price target of $21.00. The analyst writes that a prolonged port strike could pressure volumes at the company. While a backlog of under a week should be manageable this quarter, longer disruptions could extend impacts into 2025. The auto-hauling sector offers greater yield benefits than the broader dry van truckload market, as ad hoc moves can command 2-3 times the average contract pricing, adds the analyst. Chan says that while lower volu…

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