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TRUCKING INDUSTRY SHARES * USA - Nowhere But Up
Even though the fundamentals and pricing for the trucking sector are weak, the good news is that it’s not going to be getting much worse
New York,NY,USA -Forbes, by Ruthie Ackerman -14 Jan 2008: -- ... Trucking companies shares skyrocketed on Monday after Bear Stearns analyst Edward Wolfe upgraded the sector, saying that even though the economy is worsening, pricing is close to a bottom... Wolfe raised his rating on the trucking sector to “market weight” from “underweight” and upgraded Werner Enterprises, Heartland Express, Knight Transportation, Con-way, and Arkansas Best to “peer perform” from “underperform”... Robert W. Baird analyst Jon A. Lagenfeld, warns investors to stay away from trucking stocks as a group, but says there are ways to play a trucking recovery...
* Ryder officially completes acquisition of Lily Transportation Corp.
Miami,FL,USA -Logistic Management, by Jeff Berman -14 Jan 2008: -- Global transportation and supply chain management services provider Ryder announced on Monday it has officially completed its acquistion to acquire all the assets of Lily Transportation Corp., a Needham, Mass.-based regional transportation services company...
Labels: trucking stocks
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