SOURCE: The Bedford Report

The Bedford Report

October 08, 2010 08:46 ET

Trucking Industry's Growth Slams on the Brakes

The Bedford Report Releases Analyst Research on Con-way & JB Hunt Transport Services

NEW YORK, NY--(Marketwire - October 8, 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% 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 2010 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 JB Hunt Transport Services, Inc. (NASDAQ: JBHT). Access to the full company reports can be found at:

www.bedfordreport.com/2010-10-CNW

www.bedfordreport.com/2010-10-JBHT

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. The adjusted For-Hire Truck Tonnage Index fell 2.7 percent in August -- the biggest monthly drop in over one and a half years.

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 www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

In the past year, truckers such as JB Hunt Transport Services and Con-way have begun to show signs of recovery on their balance sheets. By the end of 2009, JBHT had greatly reduced its level of bank debt to $565 million. In 2007 the level of bank debt stood at more than $910 million due to the company's decision to greatly expand its ownership of intermodal containers, along with significant stock buybacks. Meanwhile Con-way has generated $80.4 million in cash on net income of $21.4 million over the last year. This implies CNW turned 1.7% of its revenue into Free Cash Flow.

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 http://www.bedfordreport.com/disclaimer

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