SOURCE: The Bedford Report

The Bedford Report

September 09, 2011 08:16 ET

Pricing Environment Remains Strong in Trucking Sector

The Bedford Report Provides Equity Research on YRC Worldwide & Con-way

NEW YORK, NY--(Marketwire - Sep 9, 2011) - Poor manufacturing data has weighed heavily on the trucking sector this summer. American Trucking Association (ATA) Chief Economist Bob Costello explains that the strength of truck tonnage is directly linked to manufacturing output -- which has stagnated in recent months. The Bedford Report examines the outlook for companies in the trucking industry and provides equity research on YRC Worldwide, Inc. (NASDAQ: YRCW) and Con-way, Inc. (NYSE: CNW). Access to the full company reports can be found at:

The ATA's advance seasonally adjusted For-Hire Truck Tonnage Index dropped 1.3 percent in July after rising 2.6 percent in June. Arlington-based ATA, a federation of trucking groups, industry-related conferences and 50 affiliated state trucking associations, calculates the tonnage each month based on reports by its member trucking companies. "Despite a solid June, our truck tonnage index fits with an economy that is growing very slowly," Costello noted. "The good news is that tonnage continues to increase on a year-over-year basis, but it is likely that the rate of growth will moderate in the second half of the year."

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.

In the less-than-truckload space, companies may be moving into a period of strong pricing power. Many of the major carriers are raising prices to help offset increased operating cost, such as higher fuel prices. A sudden downturn in the economy could make it challenging to sustain rate hikes, however.

Con-way Freight is the industry's leading less-than-truckload (LTL) freight transportation company. Last month the company announced that it has been named LTL Carrier of the Year by Whirlpool Corporation, the world's leading manufacturer and marketer of major home appliances.

YRC, a leading transporter of industrial, commercial and retail goods, specializes in solutions for businesses across North America. At the end of the second quarter of 2011, YRC Worldwide had $155.9 million of cash & cash equivalents compared with $143 million at the end of fiscal 2010.

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

Contact Information