SOURCE: The Bedford Report

The Bedford Report

January 13, 2011 16:15 ET

Recovering Truckers Maintain Healthy Dividends

The Bedford Report Provides Analyst Research on Con-way & Knight Transportation

NEW YORK, NY--(Marketwire - January 13, 2011) - 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 2010 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 Con-way, inc. (NYSE: CNW) and Knight Transportation, Inc. (NYSE: KNX). Access to the full company reports can be found at:

In recent quarters, remarks from major trucking companies suggest that shipment weights and load count are both increasing as various markets recover. Truck freight volume, however, remains quite 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. In its most recent report -- for the month of October -- the ATA's seasonally adjusted For-Hire Truck Tonnage Index slipped 0.1 percent vs. 0.9% rise in October.

ATA's Chief Economist Bob Costello said he expects truck freight tonnage to grow modestly during the first half of 2011 before accelerating 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 for free at and get exclusive access to our numerous analyst reports and industry newsletters.

With freight demand stabilizing, many truckers have posted dramatic improvements on their balance sheets. In fact, Knight Transportation said late last year that strong management of the company's balance sheet allowed it to boost shareholders' returns all while "maintaining a strong platform for growth." Knight recently declared a special cash dividend of 75 cents per share and a regular quarterly dividend of 6 cents per share.

Con-way currently pays an annual dividend of 40 cents for a yield of about 1.20%.

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 companies. 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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