Truckers are facing softening freight markets, with this fact being reiterated at the Transportation Conference held in New York last week. This reality was obvious after trucking players like Con-Way (CNW), Old Dominion Freight Line (ODFL) and Knight Transportation (KNX) slashed their EPS guidance for the second half. However, it was also observed that the intermodal mode of transportation was the key growth driver. In fact, J.B. Hunt Transport Services, Inc. (JBHT) is a classical example of a trucker that is increasingly focusing on this mode of transportation, and is therefore expected to grow in future.
JB Hunt Transportation Services
