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TRUCKING INDUSTRY NEWS * USA & Canada
* USA - Sector Glance: Trucking Stocks Fall
New York,NY,USA -The Associated Press -Sept. 12, 2007: -- Trucking stocks traded mostly lower Wednesday, as investors responded to a recent conference report that suggested the freight market won't pick up in the near-term... In a note to clients, Wachovia Capital Markets analyst Justin B. Yagerman said it became evident at a recent transportation and packaging conference that the freight market is being dragged down by a number of factors including an oversupply of tractors, weak demand for housing and housing-related shipments, and an overall slowing economy... Despite some "pockets of strength," the analyst noted that the market has generally remained in a slump throughout the third quarter, and "competition has remained fierce for truckload and less-than truckload as carriers are seeking to increase density in the current softer freight environment"... However, companies did express optimism that the demand could pick up in the second half of 2008, Yagerman said, as capacity should tighten at that time... Here is how some key trucking stocks did Friday:
* Arkansas Best Corp., down 49 cents to $33.20.
* Con-way Inc., down 11 cents to $47.37.
* YRC Worldwide Inc., down 78 cents, or 2.8 percent, to $27.14.
* Werner Enterprises Inc., down 15 cents to $18.06.
* J.B. Hunt Transport Services Inc., down 32 cents to $27.07.
* Knight Transportation Inc., down 29 cents to $17.28.
* Canada - Trucking firm recognized for safety efforts - David Brown United 'great example of Nova Scotia's emerging workplace safety culture'New Minas,Nova Scotia,Canada -The Nova News Now, by Patty Mintz -September 13, 2007: -- For Chris Brown, general manager of David Brown United Limited, concern for the safety of his employees and others has paid off... Recently, the company received a Certificate of Recognition (COR) by Jacques Whitford – an environmental and safety consulting company based in Halifax – in partnership with the Workers’ Compensation Board of Nova Scotia (WCB) for its commitment and adherence to the highest safety standards... In Chris’s case, the search for the best began after the firm, which was founded 50 years ago by his grandfather, experienced several workplace injuries in 2003 and 2004... It was there he learned about the COR program, which provides employers with a framework to develop, implement and evaluate their current and long-term health and safety systems. COR has 22 criteria of evaluation including training, worker and management participation, Occupational Health and Safety standards and emergency preparedness... (Photo: DBUL's truck)
posted by Unknown @ 6:39 AM
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