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TRUCKING COMMENTS
* USA - Truckers' costs rise, demand still down
New York,NY,USA -BusinessWeek, by JAMES M. AMEND/The Associated Press -April 13, 2007: -- The trucking industry suffered the brunt of weak freight demand in the transportation sector late last year and while analysts aren't banking on a rebound in their fortunes anytime soon, shares of some key names are beginning to show new life... In a sign that investors may also think better days lie ahead, shares of some key trucking names have rebounded from the second-half swoon last year. As cyclical stocks, truckers usually hit bottom before the economy and then rise ahead of an expansion...
* USA - Trucking Stocks Stall on Profit Warning
NY,USA -Forbes/Associated Press -13 April 2007: -- Trucking stocks traded mostly lower Friday as investors responded to a profit warning from one company and an analyst's downgrade of another... Truckload carrier US Xpress Enterprises Inc. said it would likely post a loss in the first quarter, which compares with a profit last year, citing lower-than-expected freight demand, severe winter weather and rising fuel prices. The news was not entirely unexpected, as the company usually experiences a rough start to the year and carriers throughout the sector have complained of similar headwinds... The sector also witnessed a downgrade of J.B. Hunt Transport Services Inc. by Edward Wolfe at Bear Stearns, who took the stock to "Peer Perform" from "Outperform," due mostly to the 37 percent it has gained since the start of the year...
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