Better picks at Wachovia all rated at outperform include San Mateo, Calif.based ConWay Inc. Lowell, Ariz.based J. B. Truckload and lessthantruckload transportation companies have grown 4. 4, Wachovia nyse WB news people Overall Wachovia remains cautious about the direction of pricing for trucking in the first half of next year because of seasonal weakness, declines in use and inclement weather affecting operating performance. Shares in the Dow Jones Transportation Index ETF closed the regular session up cents at 88. 02.
Special Reports Subscriptions> Subscribe To Newsletters Subscriber Customer Service. Better picks at Wachovia all rated at outperform include San Mateo, Calif.based ConWay Inc. Lowell, Ariz.based J. B. ODFL Article Controls EMail . EMail Newsletters . RSS AFX News LimitedTrucking stocks rally at prospect of Fed rate cut, but Wachovia suggests caution12. 10.
The prospect of rate cut at the Fed will likely result in shares continuing to rally, but investors should consider taking profits on companies such as Phoenixbased Knight Transportation nyse KNX news people Overall Wachovia remains cautious about the direction of pricing for trucking in the first half of next year because of seasonal weakness, declines in use and inclement weather affecting operating performance. Even recent drop in diesel prices is unlikely to help much unless fuel prices drop significantly in the price of diesel had grown 30.
nasdaq ODFL news people Capital Markets LLC Analyst Justin Yagerman said in research note before Mondays opening bell. However, an increase in fuel costs would benefit LTL trucking companies, such as ConWay and Old Dominion, as they are able to pass along the added expense of more costly fuel. YRCW Shares in the Dow Jones Transportation Index ETF closed the regular session up cents at 88. 02. Brigid Thomson Financial News Limited Better picks at Wachovia all rated at outperform include San Mateo, Calif.based ConWay Inc. Lowell, Ariz.
More From Forbes. com Despite the recent slight dip, the yearoveryear price of diesel will probably also constrain TL operating costs, Yagerman said. Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service as trading aid and neither accepts any liability for losses howsoever incurred. The prospect of rate cut at the Fed will likely result in shares continuing to rally, but investors should consider taking profits on companies such as Phoenixbased Knight Transportation nyse KNX news people Inc.