U.S crude crashed below $50 a barrel while benchmark Brent tumbled under $53 due to supply glut at a time when demand is weakening. Today, we have shortlisted six U.S trucking stocks for which oil is a key input cost and would benefit from the oil price plunge. These stocks are expected to report decent growth in sales, operating & net profit margins for Q4′ FY14. Moreover, during the past one month, half of the stocks have registered price gains with daily average trading volumes in excess of 100,000.
| Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change (1-Month) |
Sales Growth |
Operating Margin Q4′ FY14E |
Net Profit Margin Q4′ FY14E |
|
Knight Transportation Inc |
KNX |
NYSE |
2,660.0 |
32.78 |
628,781 |
0.9% |
13.0% |
14.2% |
8.7% |
|
Swift Transportation Co |
SWFT |
NYSE |
3,995.0 |
28.19 |
1,600,160 |
-1.6% |
3.8% |
11.0% |
5.8% |
|
Covenant Transportation Group Inc |
CVTI |
NASDAQ |
506.1 |
28.74 |
263,870 |
9.2% |
7.9% |
10.7% |
5.8% |
|
Werner Enterprises Inc |
WERN |
NASDAQ |
2,191.1 |
30.49 |
542,283 |
-1.0% |
1.9% |
8.1% |
4.9% |
|
Landstar System Inc |
LSTR |
NASDAQ |
3,108.8 |
69.49 |
432,719 |
-9.7% |
1.6% |
7.1% |
4.4% |
|
Celadon Group Inc |
CGI |
NYSE |
527.6 |
22.31 |
155,792 |
2.9% |
6.4% |
6.5% |
3.5% |
Source: Bloomberg
Company Description
Knight Transportation Inc (NYSE: KNX)
Knight Transportation, Inc. is a short-to-medium haul, dry van truckload carrier. The company transports general commodities, including consumer goods, packaged foodstuffs, paper products, beverage containers, and imported and exported commodities.
The company operates throughout the United States.
Swift Transportation Co (NYSE: SWFT)
Swift Transportation Co. provides transportation and logistics services. The company offers dry van, dedicated, temperature controlled, flat bed, cross border, and intermodal transport services. Swift also provides customs brokerage services. Swift serves customers throughout the United States and Mexico.
Covenant Transportation Group Inc (NASDAQ: CVTI)
Covenant Transport Group, Inc., a truckload carrier, offers just-in-time and other specialty transportation services for customers throughout the United States. The company offers temperature-controlled transportation service for shippers primarily in the frozen food and consumer products industries.
Werner Enterprises Inc (NASDAQ: WERN)
Werner Enterprises, Inc. is a transportation company that primarily hauls truckload shipments of general commodities in both interstate and intrastate commerce. The company operates in the continental United States, as well as in Canada and Mexico.
Landstar System Inc (NASDAQ: LSTR)
Landstar System, Inc. is a North American truckload carrier. The company transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware. Landstar provides truckload carrier services, intermodal transportation services, and expedited air and truck services to shippers in the US, Canada, and Mexico.
Celadon Group Inc (NYS: CGI)
Celadon Group, Inc., through its subsidiaries, primarily provides long-haul, full-truckload freight service across the United States, Canada and Mexico. The company also provides supply chain management solutions such as warehousing and dedicated fleet services and offers freight brokerage services.
