YRC Worldwide Continues to Lag in a Recovering Trucking Sector
The Paragon Report Provides Equity Research on YRC Worldwide and Arkansas Best
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/20/11 -- The Paragon Report examines investing opportunities 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:
A favorable pricing environment has kept the trucking sector afloat as the US economy teeters on the brink of a double-dip recession. Many of the major less than truckload carriers are raising prices to help offset increased operating costs, such as higher fuel prices.
Weakened manufacturing data has slowed truck tonnage in recent months. The latest data from the ATA's advance seasonally adjusted For-Hire Truck Tonnage Index shows a drop of 1.3 percent in July after rising 2.6 percent in June.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the trucking industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Last week shares of YRC Worldwide collapsed more than 75 percent after the company's shareholders agreed to increase the trucking company's share count to 1.9 billion from 48 million. The increase is part of the company's restructuring plan to avoid bankruptcy. Last Friday a group of lenders, bondholders and labor union members took control of YRC, merging it into a newly formed subsidiary as part of a sweeping financial restructuring that gives YRC about $100 million in new capital.
Arkansas Best Corporation, through its subsidiaries, engages in motor carrier freight transportation in the United States. The company provides shipping services to its customers by transporting various large and small shipments to geographically dispersed destinations. ABF's expanding portfolio of logistics services now extends from the Asian manufacturer's floor to domestic door delivery. In between, customers benefit from a single point of contact and total end-to-end supply chain visibility.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon 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: 20.09.2011 - 06:16 Uhr
Sprache: Deutsch
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