Restructuring of YRC Worldwide Comes at Just the Right Time
The Bedford Report Provides Equity Research on YRC Worldwide & Arkansas Best
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 07/25/11 -- Trucking stocks have been some of the most volatile in the market in recent quarters as truck tonnage has hit a slow patch. On the upside, leading economic indicators are suggesting growth going forward. The Bedford Report examines the outlook for companies in the trucking industry and provides equity research on YRC Worldwide, Inc. (NASDAQ: YRCW) and Arkansas Best Corporation (NASDAQ: ABFS). Access to the full company reports can be found at:
Although freight volumes have flattened, the most recent release of the Cass Freight Index suggested growth in June from July and on an annual basis. On an annual basis, June shipments were up 5.3 percent, which is below the 9.6 percent and 12.3 percent year-over-year gains from May and April, respectively. Logistics Management argues that many analysts consider the Cass Freight Index as the most accurate barometer of freight volumes and market conditions, with many analysts noting that the Cass Freight Index sometimes leads the American Trucking Associations (ATA) tonnage index at turning points.
The Bedford Report releases investment research 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.
Despite reporting yet another quarterly loss last week, the struggling trucker YRC Worldwide says it is prepared to complete a key restructuring plan and mark a change in its top leadership. YRCW said that it lost $38.7 million, or 81 cents a share, during the second quarter, although revenue grew 12 percent to $1.26 billion. Regional business saw a 14 percent surge in revenue, offsetting the 10 percent drop in its truckload unit.
YRCW's second quarter included $17 million in restructuring fees.
The Bedford Report 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. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. 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: 25.07.2011 - 12:16 Uhr
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