How to Play a U.S. Trucker Pair Trade Rising Off Five-Year Low
This article is for subscribers only.
Heartland Express Inc. shares are outpacing those of Knight Transportation Inc. as investors bet Heartland’s earnings growth will accelerate, while its trucking competitor’s slows.
Shares of North Liberty, Iowa-based Heartland have led Knight’s by 7 percentage points since May 21, when Heartland’s stock price fell near a five-year low relative to Knight’s -- see chart. Heartland’s stock closed at $21.78 on June 5, while Phoenix-based Knight’s was at $29.61.