SOURCE: Paragon Financial Limited

Paragon Financial Limited

September 12, 2012 08:20 ET

Truck Tonnage in July Remains Steady -- Tonnage Forecast to Decline During Second Half of 2012

The Paragon Report Provides Stock Research on Arkansas Best and Con-way

NEW YORK, NY--(Marketwire - Sep 12, 2012) - After falling contracting in April and May the American Trucking Associations (ATA) For-Hire Truck Tonnage Index has bounced back. The ATA recently reported that truck tonnage in July saw its largest year-over-year increase since February with a 4.1 percent increase. The Paragon Report examines investing opportunities in the Trucking Industry and provides equity research on Arkansas Best Corporation (NASDAQ: ABFS) and Con-way Inc. (NYSE: CNW).

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Month-to-month the ATA For-Hire Truck Tonnage Index remained flat after gaining 1.1 percent in June. Bob Costello, ATA Chief Economist, forecasts truck tonnage in 2012 to grow by 3 to 3.5 percent. It is estimated that trucks haul nearly 70 percent of all tonnage in the U.S.

"July's reading reflects an economy that has lost some steam, but hasn't stalled," Costello said. "Certainly there has been some better economic news recently, but I continue to believe we will see some deceleration in tonnage during the second half of the year, if for nothing else but very tough comparisons on a robust August through December period in 2011."

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Arkansas Best offers a wide variety of logistics solutions including: domestic and global transportation of less-than-truckload and full load shipments, expedited ground and time-definite delivery solutions, freight forwarding services, freight brokerage, oversight of roadside assistance and equipment services for commercial vehicles and household goods moving market services for consumers, corporations and the military.

Con-way Freight is the industry's leading less-than-truckload (LTL) freight transportation company, providing guaranteed, day-definite regional and transcontinental service with exception-free delivery, on-time service performance and faster transit times through a single, unified network of more than 300 service centers in the United States, Canada, Mexico and Puerto Rico.

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: