Article: Soaring Fuel Prices, Housing's Collapse Dampen Freight Shipping's Earnings

Stocks

Eight trucking and logistics stocks disappeared from exchanges during 2007 because of private equity buyouts, corporate acquisitions and bankruptcies, while the stock market as a whole posted stronger gains than did the freight transportation sector.

A major original equipment manufacturer of trucking equipment also had its stock delisted from the New York Stock Exchange for failure to file financial reports prompdy but it might be able to return in 2008.

Growth in overall U.S. gross domestic product remained positive although not robust throughout the year, but freight transportation did not fare as well. High petroleum prices and the collapse of the housing and domestic auto ...

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