SOURCE: The Bedford Report

The Bedford Report

March 17, 2011 07:35 ET

YRC Loses More Ground in Highly Competitive Trucking Sector

The Bedford Report Provides Analyst Research on YRC Worldwide & Arkansas Best

NEW YORK, NY--(Marketwire - March 17, 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 year 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 Arkansas Best Corporation (NASDAQ: ABFS). Access to the full company reports can be found at:

American Trucking Association (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." 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 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 not been able join in the industry's rally. Yesterday shares of the trucker hit new 52 week lows after the company said in a Securities and Exchange Commission filing that it may have to file for bankruptcy protection if it defaults on some debt. While the filing says that creditors have not yet declared a default, they could because of the company's failure to meet some terms of its commitment.

Earlier this month YRC said that it was negotiating a significant restructuring with lenders and union workers that would give a "significant majority" of the company's equity to debt holders.

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