Piper Jaffray Reports On Favorites In Freight

Piper Jaffray, in its report highlighting current trends in the freight industry, also highlights its current favorites: J.B. Hunt Transport JBHT and Hub Group HUBG In the report, Piper Jaffray writes, “Week 15 Class I US rail intermodal vol moderated somewhat but we note that Intermodal rail is benefiting from the US Freight demand shift from TL given further supply constraints, which has caused TL yields to be elevated as reflected in the March price data. Further, China port ocean vol strongly accelerated in March, which has positive implications generally for US Freight volumes and specifically the Intermodal market.” JBHT closed at $47.41 and HUBG at $39.84 last Thursday.