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.
Investors have already seen how rising fuel costs can pressure airline and cruise line shares, and recent declines in trucking and transportation stocks suggest that impact is spreading. U.S. diesel prices have surged 62% this year and the nation…