2. JBHT
The buyers took over control of JBHT on Friday after the sellers had been pushing the stock lower for the previous 4 days. A move through $40 is what I expect if this trade works, but if support at $34.50 is broken, the trade is a bust.
.B. Hunt Transport Services, Inc., together with its subsidiaries, operates as a surface transportation company in North America. It provides transportation for forest and paper products, building materials, general merchandise, food and beverages, chemicals, and automotive parts. The company operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Full-Load Dry-Van (JBT), and Integrated Capacity Solutions (ICS). The JBI segment provides intermodal freight solutions, and coordination of rail and over-the-road transport movements. The DCS segment engages in the design, development, and execution of customer-specific fleet solutions. It offers transportation engineering solutions that support private fleet conversion, dedicated fleet creation, and transportation system augmentation, as well as provides dry-van, flatbed, temperature-controlled, dump trailers, and local inner-city operations. The JBT segment offers full-load and dry-van freight through company owned tractors or independent contractors. The ICS segment provides non-asset and asset-light transportation solutions, including flatbed, and refrigerated and less-than-truckload services, as well as various dry van and intermodal solutions. As of December 31, 2007, the JBI segment operated 34,019 company-controlled containers and managed a fleet of 1,795 company-owned tractors; the DCS segment operated 4,941 company-controlled and 92 customer-owned trucks; and the JBT segment operated 3,572 company-owned tractors. The company was founded in 1961 and is headquartered in Lowell, Arkansas.
$36.32 (08/25/08)
