Investors may not be feeling all that confident about the health of the U.S. economy, but that's not really showing up in the transport stocks. Rails and truckers have been doing relatively well, and given that their demand is derived from economic activity, that's an encouraging sign. Old Dominion (Nasdaq:ODFL) is a challenging case for investors. On one hand, this is one of the most interesting and dynamic carriers out there, but the valuation takes a little getting used to for prospective investors.
Zigging While Others Zag
Trucking is to some extent a commodity business - at least insofar as everyone offers the same basic service (moving your goods from point A to point B), and there is not a lot of room for unique pricing. But, that should not be taken to mean that trucking companies cannot stand out and make different strategic decisions.
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