Trucking

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) issued the following statement in response to the announcement by Hertz Global Holdings, Inc. (NYSE: HTZ) of its offer to acquire all of the outstanding shares of common stock of Dollar Thrifty for a price of $72.00 per Dollar Thrifty share,...

By 10:30 am, the Dow Jones Industrial Average was down 9.12 points, or 0.07%, to 12,629.62, while the broader Standard & Poor's 500 index had dropped 0.96 point, or 0.07%. The NASDAQ composite index fell 2.13 points, or 0.08%. Some of the narrow based indexes that are still afloat in the...

Shares of McDonald's Corp (NYSE: MCD) gained about 0.8% after the company reported a 6% rise in its April global comparable sales. The company's sales increased 4% in the US. Its sales rose 6.5% in Europe and surged 6.5% in Asia, Middle East and Africa. However, analysts were expecting total...

Slight panic was created from rumors that Greece was potentially leaving the eurozone last week. These rumors have been denied, however, as Greece had a meeting on Friday to discuss their future. Silver looks to be making a premarket rebound after a very unusual week in trading. Speculation...

I guess shareholders of Dollar Thrifty Automotive Group (NYSE: DTG) are feeling a little more extravagant this morning. Hertz Global Holdings Inc. (NYSE: HTZ) announced this morning it would be raising its bid for Dollar Thrifty to $72 per share in cash and stock, which is higher than Friday's...

YRC Worldwide (NASDAQ: YRCW) reported 1Q11 adjusted EBITDA loss of $3.4 MM. This result is based on the unconventional calculation defined by the company's EBITDA covenant. EBITDA as we calculate it was a loss of $18.7 MM. However, excluding unusual items, EBITDA was a gain of $6.3 MM vs Dahlman...

YRC Worldwide (NASDAQ: YRCW) reported 1Q11 adjusted EBITDA loss of $3.4 MM. This result is based on the unconventional calculation defined by the company's EBITDA covenant. EBITDA as we calculate it was a loss of $18.7 MM. However, excluding unusual items, EBITDA was a gain of $6.3 MM vs Dahlman...

Pre-open movers US stock futures are higher this morning. Futures on the Dow Jones Industrial Average gained 59 points to 12,628.00 and futures on the S&P 500 stock index rose 6.30 points to 1,341.30. Nasdaq 100 futures surged 16.50 points to 2,390.00. A Peek Into Global Markets Most Asian...

It looks like, Oil prices could drop as low as $90 a barrel later this month as the global economy slows and unrest in the Middle East eventually fades. Crude oil for June delivery rose $2.91 to $100.09 a barrel. Gold for June delivery rose $14.80 to $1,506.50 an ounce, and silver for July...

Hertz Global Holdings Inc (NYSE: HTZ) offered to purchase Dollar Thrifty Automotive Group Inc (NYSE: DTG) for $72 per share. Hertz will offer $57.60 in cash and 0.8546 of its own shares for every DTG share. The offer by HTZ represents a 3.3% premium to DTG's closing price on Friday and a 26%...

YRC Worldwide (NASDAQ: YRCW) Reports EPS of $(2.14) vs. $(1.52) Estimate; Revenues $1.1B vs. $1.07B Estimate

Dahlman Rose & Co. is raising its price target on shares of Con-way (NYSE: CNW) to $44 from $38, and it has a Buy rating after the company reported earnings. In a note to investors, Dahlman Rose writes, "Con-way reported 1Q11 EPS of $0.12. However, excluding a $6.3 MM one-time tax increase,...

Piper Jaffray upgraded BJ's Restaurants Inc (NASDAQ: BJRI) from “neutral” to “overweight.” BJRI's shares closed at $46.03 yesterday. BJRI's trailing-twelve-month revenue is $537.04 million. Citigroup upgraded Arkansas Best Corp (NASDAQ: ABFS) from “hold” to “buy.” ABFS' shares closed at $22.42...

Deutsche Bank, in reporting on strong Q1 results for the company, maintains its Buy rating and its $44 price target on Con-Way Inc. (NYSE: CNW). According to Deutsche Bank, “Yesterday after the close, CNW reported adjusted Q1 EPS of $0.24 materially above our estimate and Consensus of $0.04....

According to J.P. Morgan, Con-way (NYSE: CNW) 1Q11 was sharply above expectations as the Freight (LTL) division operating margin improved 300 bp y/y. J.P. Morgan said that lower healthcare costs sequentially and y/y provided a boost but even if healthcare costs were flat, CNW's EPS would have been...