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Trucking Industry Steers Closer to Recovery
The Bedford Report Provides Analyst Research on YRC Worldwide & JB Hunt Transport
Companies:
NEW YORK, NY--(Marketwire - 02/22/11) - 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% to the Gross Domestic product each year. The trucking industry was hit exceptionally hard during the economic crisis with nearly 2000 companies going out of business and others reducing the size of their fleets. Only in the last eight months has demand volume begun to rise, giving truckers improving fundamentals. The Bedford Report examines the outlook for companies in the Trucking Industry and provides research reports on YRC Worldwide, Inc. (NASDAQ:YRCW - News) and JB Hunt Transport Services, Inc. (NASDAQ:JBHT - News). Access to the full company reports can be found at:
www.bedfordreport.com/2011-02-YRCW
www.bedfordreport.com/2011-02-JBHT
Truckers have been making a decent run in 2011 as shipment weights and load count are both increasing as various markets recover. Industry growth has not been smooth, however, as freight volumes have been erratic. The trucking industry growth is measured by the American Trucking Association Tonnage Index, which is a survey of a wide variety of trucking and shipping companies. The American Trucking Association (ATA) announced that its seasonally adjusted (SA) for-hire truck tonnage index was up 2.2 percent in December after slipping a revised 0.6 percent in November. The monthly increase puts the SA index at 111.6 in December -- the highest level since September 2008. ATA Chief Economist Bob Costello commented that he expects the "truck freight tonnage to grow modestly during the first half of 2011 and accelerate in the latter half of the year into 2012."
The Bedford Report releases regular market updates 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 www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
Industry heavyweight, YRC Worldwide, has begun to benefit from the improved economic climate. Earlier this month the company said it earned $23.1 million, or 49 cents per share, in the fourth quarter, on revenues of $1.09 billion. YRC posted an impressive 16.6 percent year-on-year increase in regional transportation revenues. The trucking giant expects to be within credit agreement financial covenants and achieve positive EBITDA and in the first quarter of 2011.
The Bedford Report provides Analyst 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 http://www.bedfordreport.com/disclaimer
http://finance.yahoo.com/news/...eers-iw-2246370060.html?x=0&.v=1
FreightCenter.com recognizes the prominent freight transportation company serving North America and the world for their continuing improvements in service, efficiency and performance.
Trinity, FL, February 2011—FreightCenter.com, a nationwide provider of online freight and logistics software and services, has announced YRC Worldwide Inc. (Nasdaq: YRCW), a leading transportation service provider, as the first recipient of its STRONG Certified Carrier of the Year Award. YRCW earned this title for 2010 from an extensive group of national and international carriers that FreightCenter.com tests and evaluates on a continuous basis throughout their calendar year.
The STRONG Carrier of the Year Award is a new title that will be given annually to the carrier that demonstrates the highest standards, rankings, and customer satisfaction within FreightCenter’s network of local, regional, and national carriers. YRCW was chosen from a large group of many well-recognized carriers based on its high performance in a range of different qualitative and quantitative criteria. YRCW consistently received the highest ranking in areas of customer service, dependability, quality control, and competitive pricing, among other factors.
“YRC demonstrates all the top qualities we strive for each of our carriers to achieve,” says Louis Capolino, Chief Operating Officer for FreightCenter.com. “Each shipment that they handle for us is moved with quickness and care, resulting in outstanding customer satisfaction and ideal results.”
The evaluation categories are based on FreightCenter’s STRONG carrier certification program which scores and examines all current and applying carriers on six standards of quality. To become STRONG, a carrier must exemplify their abilities behind being Safe, Trustworthy, Responsive, On-Time, Noteworthy, and Guaranteed. Data such as pricing and invoice precision, dependability, number of claims, and customer service are all factored together and used to rank each carrier.
“Customers tell us that consistent, dependable service is essential to their supply chains,” says Mike Naatz, president – Customer Care Division and chief customer officer for YRC Worldwide. “We are keenly focused on delivering confidence to our customers through precision and reliability. It is an honor for YRC Worldwide to be the first recipient of the STRONG Certified Carrier of the Year Award from FreightCenter.com.”
FreightCenter.com presented YRC Worldwide with the Carrier of the Year Award during an exclusive dinner event with key executives attending from both organizations on Sunday, February 20th at the Gaylord Palms in Orlando, Florida. The award presentation recognized YRCW out of six top finalists that all demonstrated the highest STRONG standards of quality.
About FreightCenter.com
FreightCenter is a full-service, software-based freight logistics company whose focus is using web-based tools to help execute optimized transportation solutions for their customers. Their website, FreightCenter.com, provides web technology that lets customers easily compare rates and services from multiple LTL carriers while their logistics division works with an extensive carrier base to custom design truckload, international, and intermodal shipments and implement all-inclusive transportation services as well as technological advancements unique to the industry. Based out of the Tampa Bay area since 1998, more information can be found at www.freightcenter.com
About YRC Worldwide
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is a leading provider of transportation and global logistics services. It is the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, Reddaway, Holland and New Penn, and provides China-based services through its Jiayu and JHJ joint ventures. YRC Worldwide has the largest, most comprehensive less-than-truckload (LTL) network in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit www.yrcw.com for more information.
http://madduxpress.com/2011/02/23/...ard-from-freightcenter-com-20202
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