SOURCE: The Bedford Report

The Bedford Report

December 07, 2010 08:46 ET

Truckers Cruising on the Highway to Recovery

The Bedford Report Provides Analyst Research on YRC Worldwide & Landstar System

NEW YORK, NY--(Marketwire - December 7, 2010) -  The trucking industry represents a very important component of the US economy. According to the US Bureau of Economic Analysis, the trucking industry accounts for about 5% of 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 improved fundamentals. The Bedford Report examines the outlook for companies in the Trucking Industry and provides research reports on YRC Worldwide, Inc. (NASDAQ: YRCW) and Landstar System, Inc. (NASDAQ: LSTR). 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 increased 0.8 percent from September's level to 109.7 after rising a revised 1.8 percent the previous month.

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.

Even the much-maligned trucking company YRC Worldwide has begun to show signs of stabilizing. In the third quarter the company reported a dramatic reduction in its losses as it benefited from lower costs as well as a continued upswing in freight.YRC posted a loss of $61.7 million, or $1.33 per share, compared with a year-ago loss of $158.7 million, or $66.66 per share.. During the economic downturn, YRC lost more than $2.2 billion, and annual revenues fell by nearly one-half in 2009 compared with 2006.

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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