whats diesel got to hit to stall or stop trucking.

im in western virginia .diesel is 3.89-3.95.saw it as high as 4.15 in one place.this cant go on forever, and at sometime it has got to hit a breaking point.in this past week alone hasnt diesel jumped 20 cents?how much more can trucking stand? was in a freightliner, kenworth dealers lot today. i counted 5 late model repo dumptrucks and 4 road tractors{i know the salesmen}they are scared that this is only the beginning.friday, diesel and home heating oil futures closed higher.anybody remember truck deregulation and what it did? lota trucking co,s went out of business and rates got very cut throat ,it,s starting again. i hear some national carriers may stop running one day a week, to compensate for fuel costs. and others have got over a 40% fuel sur-charge! i dont see as it stands now, how your gonna make truck payments and fuel and survive.good luck everbody we need it!

 

what is the break even point?4.00? 4.50? for some it,s already here.sooner or later, it,s got to get to the point where you are no longer making money. and i dont care how big a company you are you cant stand that. heck from what i hear, JB Hunt's management is selling off their company stock.

J.B. Hunt Insiders Cash In
Last updated Monday, February 25, 2008 5:52 PM CST in Business
By THE MORNING NEWS
Email this story Print this story Comment on this story Earl Wayne Garrison, the board chairman of Lowell-based J.B. Hunt Transport Services Inc., recently collected $28.32 million from the sale of more than 1 million shares of the company's stock, according to a Securities and Exchange Commission filing.

Garrison reported the sale of 1,002,591 shares Wednesday for $28.25 a share, according to the federal filing made Friday. Insiders file Form 4s with the SEC to report share transactions. Open market purchases and sales must be reported within two business days of the transaction.

The million shares of stock sold was almost one-seventh of his holdings in J.B. Hunt. He has 6,337,028 shares remaining and holds 17,440 shares in a 401K plan, and has 12,000 in a family account.

That wasn't the only February trading involving insiders buying and selling of J.B. Hunt's stock.

Paul R. Bergant, J.B. Hunt's chief marketing director, on Feb. 4 sold 40,000 shares at $31 per share totaling $1.24 million in proceeds. On Feb. 6, he sold 2,000 shares at $29.77 totaling $59,540. On Feb. 11, he sold 30,000 shares for $29.80 for a total of $894,000. He still retains 344,147 shares of stock.

Alfred Craig Harper, chief operations officer, on Feb. 1 sold 60,000 shares of stock at $30.98 for total proceeds of $1,85 million. He still holds 153,363 shares.



Jerry W. Walton, chief financial officer, on Feb. 4 sold 25,000 shares of stock at $30.91 per share for total proceeds of $772,750. He still owns 204,840 shares of stock.

is this a good move?