SOURCE: The Bedford Report

The Bedford Report

November 25, 2011 08:16 ET

Strengthening Trucking Sector Begins to Shine Its Light on YRC Worldwide

The Bedford Report Provides Equity Research on YRC Worldwide & Arkansas Best

NEW YORK, NY--(Marketwire - Nov 25, 2011) - While headlines keep pushing the panic button regarding the US economic recovery, the trucking industry continues to paint a far brighter picture. The American Trucking Associations' (ATA) Chief Economist Bob Costello recently reported that "tonnage readings continue to show that the economy is growing and not sliding back into recession." 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:

The American Trucking Associations' advance seasonally adjusted For-Hire Truck Tonnage Index increased 0.5% in October after rising a revised 1.5% in September 2011.

Compared with October 2010, SA tonnage was up 5.7%. In September, the tonnage index was 5.8% above a year earlier. In addition, October's tonnage reading was just 4.4% below the index's all-time high in January 2005.

Bob Costello argues that "over the last two months, tonnage is up nearly 2% and is just shy of the recent high in January of this year. Manufacturing output has been the primary reason why truck freight volumes are increasing more than GDP. The industrial sector should slow next year, but still grow more than GDP, which means truck tonnage can increase faster than GDP too," he said.

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.

Even one of trucking's most hard hit publically traded companies is showing signs of life. YRC Worldwide's third quarter revenue hit nearly $1.3 billion, up 12.3 percent from a year ago. The company said it also was shipping more freight than a year ago. Once again YRC Worldwide is facing a delisting threat from NASDAQ, since the stock price fell significantly below $1. Because of this, YRCW will ask for its shareholders' approval for a reverse stock split in the annual general meeting of November 30, 2011. The proposed reverse stock split is expected to be completed by December 15, 2011.

Arkansas Best announced third quarter 2011 net income of $12.3 million, or $0.46 per share, compared to a net loss of $0.7 million, or $0.03 per share in the third quarter of 2010. Arkansas Best's third quarter 2011 performance reflects strong improvement from its largest subsidiary, ABF Freight System, Inc. ABF produced healthy revenue and profit growth that resulted from improved account pricing in the midst of moderating tonnage levels.

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