SOURCE: The Bedford Report

The Bedford Report

May 17, 2011 08:16 ET

YRC Worldwide and Con-way Cut Costs to Boost Bottom Lines

The Bedford Report Provides Analyst Research on YRC Worldwide and Con-way

NEW YORK, NY--(Marketwire - May 17, 2011) - The trucking industry is an important component of the US economy. According to the US Bureau of Economic Analysis, the trucking industry adds roughly five percent to the Gross Domestic Product each year. In the last year demand volume began 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 Con-way, Inc. (NYSE: CNW). 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. The Cass Freight Index showed that growth in US overland freight shipments increased marginally last month, pointing to an economic slowdown before the anticipated summer peak season. While improved volume is welcome news for the industry, the current rise in fuel is does not. With fuel prices high trucking companies could struggle to deal with the increased cost of transportation eating into margins. With fuel prices increasing transportation prices in the trucking industry, many businesses are looking to railroad companies as an alternative.

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.

Fuel surcharges helped Con-way post first quarter revenues well above analyst estimates. Excluding items, profit jumped to $13.2 million, or 24 cents, in the most recent quarter, compared with a loss of $800,000, or 2 cents per share, a year ago. Analysts at Deutsche Bank claim the results "provided a glimpse of the company's earnings power."

YRC Worldwide is currently taking steps to make its trucking fleet cheaper to operate. The company says it is beginning a yearlong process of switching its trucks to 5W, full-synthetic motor oil. YRC Worldwide chief sustainability officer Mike Kelley said that the switch would save about 100,000 gallons of fuel a year companywide and reduce waste oil disposal by 28,000 gallons. Earlier this month YRC said it lost $102 million, or $2.14 per share, in the most recent quarter, an improvement from a year earlier when it lost $274 million, or $13.15 per share.

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