Higher Oil Prices Sending Trucking Stocks Skidding

Crude oil is trading above $98 a barrel on Tuesday, touching its highest level in nearly seven weeks and drawing ever closer to the psychologically-important $100 level.

The jump in crude prices has shares of truckers skidding, including Roadrunner Transportation Systems (NYSE:RRTS), Celadon Group (NYSE:CGI) and Heartland Express (NASDAQ:HTLD).

Truckers Skid as Oil Hits 7-wk High