Trucking Seeks Stock Investors
NEW YORK — Stock market analysts who keep their eyes on trucking feel pretty good about the industry’s prospects, but getting investors to share that feeling may take some work.
Trucking company owners complain that their stocks are undervalued considering their financial performance. Analysts agree but say that getting people to buy trucking stocks — and thereby provide the capital trucking companies went public in order to generate — will be difficult as long as market jitters continue and the public remains preoccupied with high-tech stocks.
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Executives from some of the country’s largest publicly held trucking companies took up that task at a symposium held Oct. 20 and 21, sponsored by the Nasdaq-Amex Market Group.
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Despite some problems with high fuel costs, some trucking companies reported good news, including Swift Transportation of Phoenix, Transit Group of Atlanta and Werner Enterprises of Omaha, Neb.
