Post, Freight and Carriers

Why is the stock on some domestic freight forwarders (jet and trucking svc off int'l flts) plummeting now?

A major company like Kittyhawk (KHK) has sunk to a 4 yr all time low in recent days. Is it prime lending rate, TSA freight screening, Dow Jones, price of oil or another cause?

Public Comments

1. for what it's worth, here's my speculation .... this mortgage thing isn't over and won't be for months or even well into next year. As consumers get crunched, they tend to cut back on discretionary spending. As spending falls, business growth in a wide variety of industries also falls. So to does growth in some of our trading partners' economies. And these reduce volumes for smaller haulers more than for larger haulers. Put that together with what looks like increasing probability that the protectionist Democrats will seize the White House in 2009 and their propensity to restrict the growth of international trade to 'protect American jobs'. Plus the likely contraction of equity buyout deals as taxes are increased on outfits like Blackstone in 2009. *** as to the specific company you cite, I haven't looked at either their charts or fundamentals, so I have no opinion. GL