by David Aurelio.
The Russell 1000’s transportation industry group is expected to see 19Q3 net income increase 4.5% from the prior year. Within the group the largest drag is the trucking sub-industry, which is expected to decline 55.2%. Ride sharing giants, and sub-industry constituents, Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) both beat net income expectations, but saw year-on-year (YoY) net income declines of 17.8% and 86% respectively. Analysts anticipate that Lyft will be the first to reach positive YoY net income in the first quarter of 2020.