SOURCE: The Bedford Report

The Bedford Report

April 26, 2011 08:16 ET

YRC Worldwide and Arkansas Best Struggle to Keep Pace in Recovering Trucking Industry

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

NEW YORK, NY--(Marketwire - Apr 26, 2011) - The trucking industry represents an important component of the US economy. According to the US Bureau of Economic Analysis, the trucking industry adds approximately five percent to the Gross Domestic Product each year. 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:

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 freight numbers across all modes had increased in March. Freight payments also recorded gains of over six percent from February. With improving volume, trucking companies are also able to increase the rates they charge as available capacity diminishes.

Recovery has been far from smooth for the industry as the ongoing crisis in the Middle East has sent oil prices skyrocketing, which could begin to cut into truckers' bottom lines. In addition the rising interest in rail transportation is proving to be another headwind for the trucking sector. With fuel prices increasing transportation prices in the trucking industry, many businesses are looking to rail road 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.

Shares of Arkansas Best plummeted yesterday after the company posted a wider-than-expected first quarter loss as it failed to pass higher fuel costs to the customer. Arkansas Best lost $12.8 million, or 51 cents per share, compared with a loss of $21.4 million, or 85 cents per share, in the same quarter last year. On the upside, Arkansas Best pointed out that demand from shippers has been improving as the economy recovers, allowing the company to increase prices.

In other news, industry heavyweight YRC Worldwide recently announced that it made "significant progress" in negotiating agreements with lenders, its pension fund and the Teamsters union that are necessary to restructure its balance sheet.

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