SOURCE: The Bedford Report

The Bedford Report

February 22, 2011 11:25 ET

Trucking Dividends Looking More Stable

The Bedford Report Provides Analyst Research on Con-way & Landstar System

NEW YORK, NY--(Marketwire - February 22, 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 the last eight months 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 Landstar System, Inc. (NASDAQ: LSTR). Access to the full company reports can be found at:

Truckers have been making a decent run in 2011 as shipment weights and load count are both increasing as various markets recover. Industry growth has not been smooth, however, as freight volumes have been 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. The American Trucking Association (ATA) announced that its seasonally adjusted (SA) for-hire truck tonnage index was up 2.2 percent in December after slipping a revised 0.6 percent in November. The monthly increase puts the SA index at 111.6 in December -- the highest level since September 2008. ATA Chief Economist Bob Costello commented that he expects the "truck freight tonnage to grow modestly during the first half of 2011 and accelerate 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 free at and get exclusive access to our numerous analyst reports and industry newsletters.

Earlier this month, Con-way posted fourth quarter earnings of $2.4 million, or 4 cents per share, on revenues of $1.21 billion -- a 9 percent year-on-year improvement. Industry peer, Landstar posted an impressive 30 percent surge in quarterly profit recently. Landstar reported a 7 percent increase in revenue to $587.5 million compared to fourth quarter 2009.

With freight demand stabilizing, many truckers have posted dramatic improvements on their balance sheets. Landstar System pays a modest 20 cent dividend annually, while 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 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