Trucking Recovery Slams on the Brakes
The Bedford Report Provides Equity Research on YRC Worldwide & Arkansas Best
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/23/11 -- The trucking industry represents a very important component of the US economy. According to the US Bureau of Economic Analysis, the trucking industry adds about 5 percent to the Gross Domestic product each year. With the sudden slowdown in the US economy and high fuel prices, trucking stocks have been on the downswing of late. The Bedford Report examines the outlook for companies in the trucking industry and provides equity research on YRC Worldwide, Inc. (NASDAQ: YRCW) and Arkansas Best Corporation (NASDAQ: ABFS). Access to the full company reports can be found at:
ATA Chief Economist Bob Costello says manufacturing output gains will play a big part in the trucking industry's health for the remainder of 2011. "After growing 5.5% in the first half of the year from the same period last year, the strength of truck tonnage in the second half will depend greatly on what manufacturing output does," Costello explains. "If manufacturing continues to grow stronger than GDP, I fully expect truck freight to do the same."
The federal government reported last month that new orders for manufactured durable goods fell more than 2 percent in June. The orders have declined in two of the past three months, and the June dip was the largest in the previous six months.
The Bedford Report releases investment research on the trucking industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.
YRCW said that it lost $38.7 million, or 81 cents a share, during the second quarter, although revenue grew 12 percent to $1.26 billion. Regional business saw a 14 percent surge in revenue, offsetting the 10 percent drop in its truckload unit. YRCW's second quarter included $17 million in restructuring fee.
Arkansas Best earned almost $5.3 million, or 20 cents per share, during the quarter that ended June 30. During the same period a year earlier it lost $7.4 million, or 30 cents per share. Revenue rose 21.2 percent to $498.6 million, from $411.3 million a year ago.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 23.08.2011 - 06:16 Uhr
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