SOURCE: The Bedford Report

The Bedford Report

February 03, 2011 08:46 ET

YRC & Knight Transportation Show Signs of Recovery

The Bedford Report Provides Analyst Research on YRC Worldwide & Knight Transportation

NEW YORK, NY--(Marketwire - February 3, 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 Knight Transportation, Inc. (NYSE: KNX). Access to the full company reports can be found at:

www.bedfordreport.com/2011-02-YRCW

www.bedfordreport.com/2011-02-KNX

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 American Trucking Association (ATA) announced Tuesday 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. In November, the SA index was 109.2.

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.

ATA's Chief Economist Bob Costello said he expects truck freight tonnage to grow modestly during the first half of 2011 before accelerating in the latter half of the year into 2012.

Even the much-maligned trucking company YRC Worldwide has begun to show signs of stabilizing. The company reported a dramatic reduction in its losses as it benefited from lower costs as well as a continued upswing in freight.

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: http://www.bedfordreport.com/disclaimer.

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