Trucking Industry Continues to Show Signs of Improvement as Number of Freight Shipments Increased
Five Star Equities Provides Stock Research on Con Way and J.B. Hunt
(firmenpresse) - 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 Con Way Inc. (NYSE: CNW) and J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT).
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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 and get exclusive access to our numerous stock reports and industry newsletters.
Con Way Inc. reported 2012 first-quarter net income of $25.6 million, or 46 cents per diluted share. The results compare to first-quarter 2011 net income of $6.9 million, or 12 cents per diluted share. "Our strategy is yielding favorable results," said Douglas W. Stotlar, Con Way's president and chief executive officer. "Our first quarter performance reflected disciplined operations which led to improvement at all business units."
J.B. Hunt Transport Services, Inc., one of the largest transportation logistics companies in North America, provides safe and reliable transportation services to a diverse group of customers throughout the continental United States, Canada and Mexico. The company reported record first quarter 2012 net earnings of $67.7 million compared to first quarter 2011 net earnings of $50.0 million.
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:
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Datum: 10.07.2012 - 12:20 Uhr
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