Trucking

Dollar Thrifty (NYSE: DTG) plunged over 9% today after Avis (NYSE: CAR) decided to to purchase Avis Europe. Hertz (NYSE: HTZ) being positively affected.

Avis Budget Group Inc (NASDAQ: CAR) shares surged 3.63% to $16.54 at 10:30 am. The volume of CAR shares traded was 225% higher than normal. CAR agreed to buy Avis Europe PLC for around 635 million pounds, or $1.0 billion in cash. Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) shares moved up...

Avis Budget Group, Inc. (NASDAQ: CAR) and Avis Europe plc have announced that they have reached agreement on the terms of the acquisition by Avis Budget of all outstanding shares of Avis Europe in exchange for 3.15 pounds in cash per Avis Europe share. The acquisition is scheduled to close in...

KeyBanc is out with its report today on Ryder Systems (NYSE: R), upgrading R from Hold to Buy. In a note to clients, KeyBanc writes, "We are upgrading shares of Ryder System, Inc. (R-NYSE) to BUY from HOLD and establishing a $63 price target based on our view that: 1) current fleet dynamics and...

Deutsche Bank has a Hold rating and a $24 price target on shares of Arkansas Best Corporation (NASDAQ: ABFS) as it will present at the Deutsche Bank Industrials Conference. In a note to clients, Deutsche Bank writes, "Shares of ABFS are down 21% YTD (versus the S&P 500, which is up 2%) as the...

Piper Jaffray reiterated its Neutral rating on Ryder System (NYSE: R). At the same time, Piper Jaffray raised its price target on the company's stock from $52 to $53. In a research report published today, Piper Jaffray states, "R is putting incremental capital to work levering its balance sheet...

Sterne Agee has raised the price target on Quality Distribution (NASDAQ: QLTY) from $15 to $16 and maintains its Buy rating.

Piper Jaffray has raised the price target on Ryder System (NYSE: R) from $52 to $53 and maintains its Neutral rating.

By 10:22 am, the Dow Jones Industrial Average was up 68.91 points, or 0.57%, to 12,117.85, while the broader Standard & Poor's 500 index had gained 7.77 points, or 0.61%. The NASDAQ composite index rose 6.72 points, or 0.25%. Some of the narrow based indexes that are driving the markets are...

AMERCO (Nasdaq: UHAL) yesterday reported net earnings available to common shareholders for the year ended March 31, 2011 were $171 million, or $8.80 per share, compared with $53.2 million, or $2.74 per share for the same period last year. For the quarter ended March 31, 2011, the Company reported...

Miller Tabak & Co upgraded Bob Evans Farms Inc (NASDAQ: BOBE) from “hold” to “buy.” BOBE's shares closed at $32.91 yesterday. Bob Evans farms' trailing-twelve-month revenue is $1.70 billion. Analysts at Citigroup upgraded Old Dominion Freight Line Inc (NASDAQ: ODFL) from “hold” to “buy.” ODFL'...

Citi is adjusting its estimates on Old Dominion Freight Line Inc. (NASDAQ: ODFL). “We are increasing our 2Q, 2011, and 2012 EPS estimates by 10%, 5%, and 5%, to $0.57, $2.00, and $2.50, from $0.52, $1.90, and $2.40 respectively,” Citi writes. “We are now slightly above consensus ($0.54, $1.98, $2....

Goldman Sachs has a Neutral rating on shares of Con-way Inc. (NYSE: CNW) and a $43 price target. In a note to clients, Goldman writes, "Positive on stock given more stable volumes driving margin opportunity: Despite macro fears and what has seemed to be slowing growth across transportation, we...

Citigroup has upgraded Old Dominion Freight (NASDAQ: ODFL) from Hold to Buy and maintains its $43 price target.

Shares of Hertz Global Holdings (NYSE: HTZ) are lower on the session by 0.81%, trading at $14.71. Overall put volume is now running at 6.70x the daily average, with 25% of all puts traded being purchases on the offer. 1,005 contracts have traded on the session so far. Hertz Global Holdings, Inc...