Freight stocks slide as U.S. diesel prices surge toward records
J.B. Hunt and other freight/trucking stocks are sliding as U.S. diesel prices have surged 62% this year, with investors tracking spillover from higher fuel costs.
By Kit NortonInvestors have already gotten a taste of what rising fuel costs can do to airline and cruise line stocks.
The drops in trucking and transportation stocks over the last several months show the impact of those costs is spreading.U.S. diesel prices have surged 62% this year and the nation…