![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
MARKET SHARES * USA - Trucks Mixed on Downgrades
New York,NY,USA -The Houston Chronicle (Houston,TX)/AP -8 Dec 2006: -- Trucking stocks traded mixed on Friday after analysts revised downward the ratings and earnings estimates on a number of key names in the sector, citing weakening freight demand... Among those names headed south in midday trading was Marten Transport Ltd., which gave up 61 cents, or 3.2 percent, to $18.31 on the Nasdaq. Shares of Con-way Inc. lost 73 cents to $44.26 on the New York Stock Exchange. YRC Worldwide fell 14 cents to $40.50 on the Nasdaq, while Old Dominion Freight Line Inc. retreated 25 cents to $26.63... "We believe that now is the time to get out," said John Barnes, an analyst at BB&T Capital Markets, who also downgraded YRC Worldwide to "Hold" from "Buy."...
* USA - Little seasonal joy for U.S. trucking
Chicago,Ill,USA -Reuters, by Nick Carey -Dec 7, 2006: -- This late in a normal year, the U.S. trucking industry would be more than 3 months into its peak season and sprinting toward the finish line... But this year, as the holidays near, it has found itself all dressed up, with nowhere to go... Peak season has been a no show... A slowing housing market and the woes of U.S. domestic car makers -- two segments of the economy to which the trucking industry is acutely sensitive -- have combined with lackluster retail sales growth, creating somewhat of an unholy trinity for truckers...
posted by Unknown @ 10:52 AM
0 Comments:
Post a Comment
<< Home