Back to ABFS
Trucking Industry Seeing Positive Growth in 2012, but Still Facing Many Ups and Downs

NEW YORK, NY -- (Marketwire) -- 07/10/12 -- 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 percent to the Gross Domestic product each year. The recent Cass Freight Index summarized the trucking industry in 2012 in one sentence: "Overall, still positive growth, but many ups and downs." Five Star Equities examines the outlook for companies in the Trucking Industry and provides equity research on YRC Worldwide, Inc. (NASDAQ: YRCW) and Arkansas Best Corp. (NASDAQ: ABFS).

Access to the full company reports can be found at:

www.FiveStarEquities.com/YRCW

www.FiveStarEquities.com/ABFS

The number of freight shipments in the U.S. has increased at a relatively steady pace this year but are still well below last year's September high according to Cass Information Systems. Data from Cass showed that freight shipment volume has been trending upward and is 2.2 percent higher between January and May and the year ago period.

"The slowdown in manufacturing and backlog will translate to lower volumes to be shipped in the near future. Truck sales have dropped off dramatically and some companies have even laid off workers," noted the May 2012 report from Cass. "The housing market is very volatile, with strong numbers one month and weak the next."

Five Star Equities 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 www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

The American Trucking Association recently reported that the seasonally adjusted Truck Tonnage Index in May dropped 0.7 percent, following a 1.1 percent drop in April. But when compared with May 2011 the index showed a 4.1 percent increase, which was the largest year-over-year jump since February.

"Two straight months of contractions is disappointing," ATA Chief Economist Bob Costello said in a statement. "The drops in tonnage are reflective of the broader economy, which has slowed."

"The good news is that the decrease in fuel prices will help support retail sales going forward, which is a big part of truck tonnage," Costello said.

Five Star Equities provides Market 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. Five Star Equities 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:
www.FiveStarEquities.com/disclaimer

Add to Digg Bookmark with del.icio.us Add to Newsvine

Back to ABFS
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki