Equity Manager Keen On Trucking Stocks

November 2, 2000 9:30 AM, EST

In spite of high fuel prices and other transportation woes, an Ohio-based stock fund manager is touting trucking stocks for his portfolio.

During the summer and fall, Larry Baumgartner has been taking a position in both truckload and less-than-truckload stocks for his One Group Small Cap Value Fund of Columbus.

Trucking companies comprise six of the 150 corporations in his portfolio. They are: J.B. Hunt Transport Services (JBHT), Landstar System Inc. (LSTR) and Werner Enterprises (WERN) on the truckload side; and CNF Transportation (CNF Inc.), USFreightways Corp. (USFC) and Yellow Corp. (YELL) among LTL carriers.

Although all six businesses are profitable, they are trading near book value, according to Baumgartner. Because market investors as a whole are evaluating the stocks so conservatively, he thinks they are now a good buy.

For the full story, see the Oct. 30 print edition of Transport Topics. Subscribe today.

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