Trucking

Teamsters General President Hoffa and The Teamsters National Freight Industry Negotiating Committee announce further positive momentum in the restructuring plan to protect 25,000 Teamster freight jobs at YRC Worldwide, Inc. (NASDAQ: YRCW). TNFINC, along with lenders and YRCW, has approved final...

Crystal Rock Holdings Inc (AMEX: CRVP) climbed 37.50% to $1.65 at 9:50 am. CRVP's trailing-twelve-month ROE is 21.16%. YRC Worldwide Inc (NASDAQ: YRCW) jumped 20.87% to $1.39. YRCW obtained commitments for a 3-year, $400 million asset-based loan (ABL) facility. Wowjoint Holdings Limited (NASDAQ:...

YRC Worldwide Inc. (Nasdaq: YRCW) announced today it has obtained commitments for a three-year, $400 million asset-based loan facility that will replace the company's existing asset-backed securitization facility. Commitments for the ABL facility comply with the agreements reached April 29, 2011,...

YRC Worldwide Inc. (NASDAQ: YRCW) today announced that Christopher C. Wren has been named senior vice president and treasurer for the corporation. Most recently, Wren served as president of the consulting firm Power I.T., LLC. Previously, he was vice president of corporate development for H&R...

Deutsche Bank has a Hold rating and a $24.00 price target on shares of Arkansas Best Corp. (NASDAQ: ABFS). In a note to clients, Deutsche Bank writes, "Yesterday during market hours, ABFS (Hold, $26.90) shares rallied 10.5% on news that the U.S. Court of Appeals for the Eighth Circuit reversed and...

Piper Jaffray reiterated its Neutral rating on Arkansas Best (NASDAQ: ABFS). At the same time, the rating agency left its price target on the company's stock unchanged at $25. On Wednesday, Arkansas Best surged 10.52% to close the day at $26.90.

Piper Jaffray made a number of updates in a research report published today. Changyou.com (NASDAQ: CYOU) had its rating maintained at Overweight. At the same time, its price target was raised from $49 to $53. On Tuesday, CYOU closed the day at $45.32. Conway (NYSE: CNW) had its rating reiterated...

Piper Jaffray is out with its report today on Con-way (NYSE: CNW), reiterating Underweight. In a note to clients, Piper Jaffray writes, "We believe the removal of profitability contingency - two days after 2Q11 books close - could suggest Freight performance is potentially lagging management and...

JP Morgan reiterated its Underweight rating on Con-way (NYSE: CNW). On Tuesday, Con-way lost 0.8% of its value to end the day at $39.63.

Dahlman Rose is out with its report today on Con-way (NYSE: CNW), maintaining Buy. In a note to clients, Dahlman Rose writes, "While we are not changing our 2Q or 2011 earnings assumptions for CNW ($0.55 and $1.90 respectively), we remain confident that Con-Way, Inc. is continuing to take the...

Citigroup has raised the price target on Con-Way (NYSE: CNW) from $42 to $44 and maintains its Hold rating.

Old Dominion Freight Line, Inc. (NASDAQ: ODFL) today announced the promotion of Greg C. Gantt to the position of Executive Vice President and Chief Operating Officer effective June 30, 2011. Mr. Gantt joined Old Dominion in 1994 and had served as Senior Vice President of Operations since 2002. He...

Citi is reiterating its positive industry outlook for LTL carriers, with Buy ratings on Arkansas Best (NASDAQ: ABFS) and Old Dominion (NASDAQ: ODFL), as pricing couples with organic growth and market share gains to drive greater profitability. Arkansas Best closed Friday at $24.50; Old Dominion...

Sterne Agee reiterated its Quality Distribution (NASDAQ: QLTY) Buy rating in a research report published today. Sterne Agee has previously given Quality Distribution a $16 price target. In the report, Sterne Agee states, "The company is the #1 bulk chemical carrier in the U.S., and over this past...

Gary W. Cummings has been appointed as President and Chief Executive Officer of FleetNet America a subsidiary of Arkansas Best Corporation (Nasdaq: ABFS).  He replaces C. Oren Summer whose retirement from the company, effective June 30, 2011, was previously announced.  Mr. Summer will continue to...