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Freight Favorites

06/02/2006 12:00 am EST


Louis Navellier

Editor, Growth Investor, Breakthrough Stocks & Accelerated Profits

Louis Navellier sits in a very enviable position, occupying the number one spot on the Hulbert Financial Digest's list of top performing newsletters over the past 25 years. Here’s a look at two new buy, both in the transportation sector.

"C.H. Robinson Worldwide Inc. (CHRW NASDAQ) is one of the largest third-party logistics providers in North America. The company arranges freight transportation services using trucks, trains, ships, and airplanes belonging to other companies. It contracts with approximately 35,000 carriers. C.H. Robinson handles nearly four million shipments per year for its 18,000 customers, which include companies in the food and beverage, manufacturing and retail industries.

"The company also offers supply chain management services and buys, sells and transports fresh produce throughout the U.S. Its T-Chek unit provides fuel purchasing management services for motor carriers, which has become increasingly important as fuel prices have risen. The stock has been benefiting immensely from the recent surge in worldwide trade and is an outstanding buy.

"My next new buy, Expeditors International (EXPD NASDAQ), can simply be referred to as a freight forwarder. What this means is that the company purchases air and ocean cargo space on a volume basis and resells that space to its customers at lower rates than they could obtain directly from the carriers. The company also acts as a customs broker for air and ocean freight shipped by its customers and offers cargo insurance, distribution management services, and customized logistics information.

"Expeditors operate from about 200 facilities in more than 50 countries worldwide. More than half of the company’s sales come from the Asia/Pacific region. Perhaps you think that the company can get the ports contract that its Dubai owners recently lost due to Congressional interference. That is really not Expeditors' expertise; it is merely purchasing excess cargo space and reselling it. The surge in worldwide trade has also helped EXPD."

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