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Which Trucking Stock is a Better Buy? -Breaking

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© Reuters. C.H. vs. J.B. Hunt Robinson: Which trucking stock is better?

Demand for trucking is increasing worldwide due to supply chain disruptions, principally for intermodal freight transportation. We believe that J.B. Hunt and C.H. Robinson (both prominent trucking firms) should be benefited. Robinson (CHRW), could also be benefited. Which stock is better to buy right now? J.B. Hunt Transport Services, Inc., Lowell, Ark., C.H. Robinson Worldwide, Inc., which is located in Eden Prairie, Minn., and C.H. JBHT operates as a logistics and surface transportation company. It offers the following services: Dedicated Contract Services and Integrated Capacity Solutions. Last Mile Services and Truckload. It can transport automotive parts and department store merchandise. CHRW offers freight transport services, customs broker service, logistic solutions and other related services for companies from various industries. CHRW also buys and sells fresh produce including fruits and vegetables as well as other perishable products.

Trucking has rebounded strongly since its lows in 2009 due to the resumption industrial activity and loosening travel restrictions. As the holiday season draws near, there is a rising demand from consumers for surface transportation of raw material. This should be a benefit to the trucking industry. Trucking companies should continue to be highly sought after for their intermodal and logistic services. Global general freight trucking is predicted to expand at a 8% rate to $997.35 million by 2028. Both JBHT as well CHRW will be able to benefit.

CHRW’s price has increased 4.6% year-to-date. JBHT however has risen 44.9%. JBHT is a clear winner with 17.2% gains versus CHRW’s 4.8% returns in terms of their past six months’ performance. What stock do you think is the best? Let’s find out.

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