Trucking

Bank of America Merrill Lynch is out with its report today on Con-way (NYSE: CNW), upgrading CNW from Neutral to Buy. In a note to clients, Bank of America Merrill Lynch writes, "We are upgrading Con-Way's shares to Buy from Neutral, and our price objective to $45 from $43. We are increasing our...

Bank of America has downgraded Knight Transportation (NYSE: KNX) from Buy to Neutral and has lowered the price objective from $20 to $19.

Bank of America has upgraded Con-way (NYSE: CNW) from Neutral to Buy and has raised the price objective from $43 to $45.

Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has commenced the previously announced exchange offer for all outstanding shares of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG). Hertz is offering to exchange each share of Dollar Thrifty for $57.60 in cash and 0.8546 shares of...

Trailer Bridge (NASDAQ: TRBR) today announced it has appointed Scott W. Fernandez as Chief Commercial Officer. Mr. Fernandez will be responsible for the Company's sales and marketing efforts effective immediately, and be based out of the Company's headquarters in Jacksonville, FL. He replaces Adam...

In a series of tweets from Blueshift Ideas, the research firm says the rental car market is improving, and names like Avis Budget Group Inc. (NASDAQ: CAR), Dollar Thrifty Automotive Group, Inc. (NYSE: DTG), Hertz Global Holdings, Inc. (NYSE: HTZ) and even Zipcar Inc (NASDAQ: ZIP) are poised to...

Con-way Truckload in Joplin remains open for business as the company continues to recover from Sunday's devastating tornado. The company's offices at 4701 E. 32nd Street were on the edge of the tornado's path. No one in the building at the time the tornado struck was injured. Con-way Truckload...

Shares of Arkansas Best Corporations (NASDAQ: ABFS) are higher on the session by 1.34%, currently trading at $25.28. The stock has been moving largely lower over the past five months, though it is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on...

Wells Fargo has downgraded Knight Transportation (NYSE: KNX) from Outperform to Market Perform and has lowered the valuation range from $19-21 to $17-19.

Deutsche Bank is maintaining its Hold rating and its $22 price target on Knight Transportation (NYSE: KNX) following the new of an authorized buyback program announced by the company yesterday. According to Deutsche Bank, “Yesterday after the close, KNX announced a new 10 million share buyback...

Network Engines Inc (NASDAQ: NEI) shares moved down 24.05% to $1.20 at 10:10 am. NEI reported the largest customer's plan to dual source specific product line. YRC Worldwide Inc (NASDAQ: YRCW) shares dropped 21.24% to $0.89. YRCW shares have tumbled 89.49% over the past 52 weeks, while the S&P...

The Hertz Corporation (NYSE: HTZ) has renewed its distribution agreement with Sabre Travel Network, providing Sabre Connected travel agents with continued access to the rental car company's inventory from over 8,000 locations worldwide. The Sabre global distribution system drives more than $2...

Stifel Nicolaus summed up its rating and price target changes in today's research report. Stifel initiated coverage of PennantPark Floating Rate Capital Ltd (NASDAQ: PFLT) with a Buy rating and $14.25 target price. Stifel upgraded its rating on two companies today. Con-way Inc. (NYSE: CNW) was...

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that its Board of Directors has adopted a Shareholder Rights Plan under which Dollar Thrifty shareholders will receive rights to purchase shares of a new series of preferred stock in certain circumstances. The Rights Plan was...

Below are the top mid-cap rental & leasing services stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Hertz Global Holdings Inc (NYSE: HTZ) is $7.68 billion. HTZ's PEG ratio is 1.59. The trailing-twelve-month revenue at Ryder System Inc (NYSE: R) is $...