SOURCE: The Bedford Report

The Bedford Report

April 05, 2011 08:16 ET

YRC Worldwide Lagging in a Recovering Trucking Sector

The Bedford Report Provides Analyst Research on YRC Worldwide & Con-Way

NEW YORK, NY--(Marketwire - April 5, 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 Con-Way, Inc. (NYSE: CNW). Access to the full company reports can be found at:

The decrease in competition has led to improved cargo tonnage for surviving trucking companies. 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."

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.

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 unable to join in the industry's modest rally. Shares of the company are near 52 week lows following an announcement from management claiming that the possibility is bankruptcy is serious after the company missed a restructuring milestone. YRC failed to satisfy its Pension Fund condition by the required date, leading the company's creditors to declare YRC Worldwide having defaulted on its credit agreements.

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