Our first night on the road was the Holiday Inn in Rocky Mount and it took 11.5 hours versus the June trip of 9.75 hours. We lost time in South Carolina due to what the sign said was an incident at exit 82. We exited at this exit and travelled 20 miles west hooking up with Route 301, which took us back to I-95 just south of Santee, exit 98. This cost us the time difference.
Route 301 is now the road less travelled. It was the highway used between the northeast and the west coast of Florida near Tampa Bay. Route 301 is now an alternative for I-95 south bound until Santee, S.C., and then swings west to be the alternative to I-75 to Tampa Bay and points south along the west coast of Florida.
We take 301 North off the I-295 Richmond Bypass all the way to the Delaware Memorial Bridge. It's the same mileage as I-95 around Washington, D.C., and Baltimore but you avoid that congestion. Route 301 is well maintained with much less traffic. The only slowdown is going though the suburbs on Washington. On this trip we made it to exit 8A on the New Jersey Turnpike in just 7.75 hours from Rocky Mount, an hour better than in June.
While truck traffic was heavier than in June, automobile traffic appeared as light as in June, so other than the detour in South Carolina, the trip was a smooth ride.
On July 10 I wrote,
The Earnings Bar Is Hurdle For Transportation Stocks
and today the transportation sector is still rated "avoid-source of funds" and all eight of the transportation stocks I track remain sell-rated, according to www.ValuEngine.com.
I view TravelCenters as an alternative to transportation stocks, as additional traffic to these service centers will be a leading indicator for renewed demand for trucking services.
In today's table, all eight stocks are overvalued, five by more than 20%. Seven had double-digit gains of 10.7% to 54.4% over the last 12 months. The projected losses for the next 12 months range from down 4.8% to down 9.1%. All are above their 200-day simple moving averages which risks reversion to the mean.