SOURCE: The Bedford Report

The Bedford Report

February 22, 2011 08:46 ET

Trucking Industry Steers Closer to Recovery

The Bedford Report Provides Analyst Research on YRC Worldwide & JB Hunt Transport

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 YRC Worldwide, Inc. (NASDAQ: YRCW) and JB Hunt Transport Services, Inc. (NASDAQ: JBHT). 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.

Industry heavyweight, YRC Worldwide, has begun to benefit from the improved economic climate. Earlier this month the company said it earned $23.1 million, or 49 cents per share, in the fourth quarter, on revenues of $1.09 billion. YRC posted an impressive 16.6 percent year-on-year increase in regional transportation revenues. The trucking giant expects to be within credit agreement financial covenants and achieve positive EBITDA and in the first quarter of 2011.

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