SOURCE: Five Star Equities

Five Star Equities

August 21, 2012 08:20 ET

Trucking Industry on a Slow, but Steady Road to Recovery in 2012

Five Star Equities Provides Stock Research on Con Way and Old Dominion Freight Line

NEW YORK, NY--(Marketwire - Aug 21, 2012) - Despite concerns of a major global economic slowdown, the U.S. trucking sector's recovery continues to gain momentum. The (ATA) advanced seasonally adjusted For-Hire Truck Tonnage Index saw its biggest monthly gain of the year rising 1.2 percent in June. Five Star Equities examines the outlook for companies in the Trucking Industry and provides equity research on Con Way Inc. (NYSE: CNW) and Old Dominion Freight Line (NASDAQ: ODFL).

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The Trucking Industry has experienced a slow, but steady recovery in 2012. The June increase followed a 1 percent drop in May, and was 3.2 percent higher than a year ago. "June's increase was a pleasant surprise, but the lower year-over-year gain fits with an economy that has slowed," said Bob Costello, chief economist for the association.

Avondale Partners analysts "failures report", released earlier this year, showed only 160 companies with an average fleet of 13 trucks went under during the first quarter of 2012. That number compares with 295 failures during the first quarter of 2011.

Five Star Equities 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 stock reports and industry newsletters.

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.

Old Dominion Freight Line, Inc. is a leading, less-than-truckload, union-free motor carrier providing regional, inter-regional and national LTL service and value-added logistics services. The company recently reported that their Board of Directors has approved a three-for-two stock split, which will be effected September 7, 2012, for shareholders of record as of the close of business on the record date of August 24, 2012.

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