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Will Q4 Rally In Transports Push Through 2012?
CNBC.com | December 27, 2011 | 06:29 PM EST

Transports have surged more than 15 percent in the fourth quarter, but what does the road ahead look like heading into 2012?

Art Hatfield , transportation analyst at Morgan Keegan, said Tuesday on “Fast Money” that despite headwinds in Europe, tight capacity has continued to move pricing higher — and shows no signs of letting up.

“If you look at third-quarter results that were reported in the fourth quarter, 26 out of 27 companies we follow either reported in line or beat expectations,” he said. “The results have been good, and actually the outlook has been getting better as we speak.”

In such a tight supply-demand environment, Hatfield said that two possible winners could be UPS and FedEx, which are both able to flow freight toward their assets. That would, in turn, help their bottom lines.

“We see the asset-based carriers benefiting from that, and those who are non-asset-based — companies like UTI Worldwide, Expeditors — really being, I wouldn’t say hurt significantly, but hurt slightly in their earnings profile as the capacity situation continues to tighten up,” he said.

“Fast Money” pro Mike Murphy noted that railcar manufacturers have reported strong orders.

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