Dallas 9/28/2010 2:22:04 AM
News / Business

Trucking Stocks Up With YRC Worldwide (YRCW, ABFS, JBHT, WERN)

Trucking Stocks

 Shares of YRC Worldwide Inc. (NASDAQ:YRCW) soared 17.11% to $0.316 with over 34 million shares traded hands in the opening session after late Friday the company said that it has reached a tentative agreement with the International Brotherhood of Teamsters. Together they look forward to solve issues regarding the company’s competitiveness, long-term development in its growth and also its re-entry into the multi-employer pension funds.

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The stock is trading above its 20-day, but below its 200-day moving averages of $0.28 and $0.37 respectively, which can be act as its support and resistance respectively.

YRC Worldwide Inc. (YRC Worldwide) is a holding company. YRC Worldwide, through wholly owned operating subsidiaries offers its customers a range of transportation services.

Arkansas Best Corporation (NASDAQ:ABFS) climbed 1.22% to $24.11 with over 119K shares traded hands, compared to its average volume of 327K shares.

This morning analyst at BofA Merrill upgraded the stock to Neutral from Underperform. So far this year, the stock has fallen over 26%.

Arkansas Best Corporation is a holding company. The Company, through its subsidiaries, is engaged in motor carrier freight transportation. The Company’s principal operations are conducted through ABF Freight System, Inc. and other subsidiaries of the Company.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) fell 1.74% to $35.50 with over 652K shares traded hands, compared to its average volume of 1.80 million shares.

This morning analyst at BofA Merrill downgraded  the stock to Neutral from Buy. So far this year, the stock has jumped over 7%.

J.B. Hunt Transport Services, Inc. (JBHT) is a holding company. The Company provides a range of transportation services to a group of customers throughout the continental United States, Canada and Mexico.

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Werner Enterprises, Inc. (NASDAQ:WERN) fell 3.10% to $20.02 with over 412K shares traded hands, compared to its average volume of 887K shares.

This morning analyst at BofA Merrill downgraded  the stock to Neutral from Buy. So far this year, the stock has jumped over 1%.

Werner Enterprises, Inc. is a transportation and logistics company engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce.

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