Transports Are in Roar Mode
Whoever thought you could get solace from the OK earnings from J.B. Hunt Transport Services (JBHT), a trucking company? When I came in at the beginning of the week, I noted to myself that you had to be careful because J.B. Hunt could take down the whole transportation average and we would be back into a world of nonconfirmation.
Turns out that J.B. Hunt did well and that the best part came from intermodal. That shouldn't be a total shock, as even Norfolk Southern (NSC) said that intermodal is good and Union Pacific (UNP) said that it's been the standout. Still, because we are so skittish, just a reaffirmation of any positive rail traffic data points is going to be positive for the transports....109 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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