Trucking

Announced earlier today, the top 3 Hertz (NYSE: HTZ) shareholders are unloading approximately 22% of their stakes. The list includes two private equity firms and Bank of America (NYSE: BAC). HTZ is trading $0.80 lower than yesterday's close, or -5%.

Piper Jaffray has an Overweight rating and a $29 price target on shares of Werner Enterprises Inc. (NASDAQ: WERN). In a note to investors, Piper Jaffray writes, "Yesterday we hosted WERN CFO John Steele in NYC. WERN demand fundamentals are ramping – beginning mid Feb – and this momentum built all...

TOR Minerals International Inc (NASDAQ: TORM) shares jumped 2.58% to create a new 52-week high of $22.25. TORM shares have jumped 341.75% over the past 52 weeks, while the S&P 500 index has gained 11.12% in the same period. SuccessFactors Inc (NASDAQ: SFSF) shares gained 1.90% to touch a new...

YRC, a subsidiary of YRC Worldwide Inc. (Nasdaq: YRCW), announced today that it will expand the size of its sales force with a nationwide hiring initiative in response to increased business levels and customer needs.

By 10:28 am, the Dow Jones Industrial Average was down 2.01 points, or 0.02%, to 12,034.52, while the broader Standard & Poor's 500 index had fallen 1.24 points, or 0.10%. The NASDAQ composite index dropped 3.64 points, or 0.14%. Some of the narrow based indexes that are still afloat in the...

Shares of Walgreen Co (NYSE: WAG) dropped about 5% after the company reported its Q2 net earnings at $739 million, or $0.80 per share, compared with $669 million, or $0.68 per share, in the year-earlier period. The company's Q2 sales increased 8.9% to $18.5 billion. However, analysts were expecting...

Piper Jaffray reports positive growth prospects for Ryder System Inc (NYSE: R) after last week's investor meetings. According to Piper Jaffray, "Generally mgmt is relatively upbeat with respect to growth prospects - as evidenced by R starting to lever its balance sheet further and putting capital...

The Hertz Corporation (NYSE: HTZ) and its Car Rental Unit is expanding its franchisee network as part of a Company-wide strategy aimed at increasing its presence in the airport and off airport car rental markets. "Hertz is expanding its franchisee network to accelerate growth in certain key US...

Shares of Arkansas Best Corporation (NASDAQ: ABFS) are higher on the session by 4.20%, trading at $25.05. Overall call volume is now running at 23.32x the daily average, with 66% of all calls traded being purchases on the offer. 1,166 contracts have traded on the session so far. Arkansas Best...

Holland, a subsidiary of YRC Worldwide Inc. (Nasdaq: YRCW), today announced plans to hire nearly 1,000 drivers this year. Building on strong 4th quarter performance, the company is preparing for further increases in shipments.

Citi has reported that YRC Worldwide (NASDAQ: YRCW) could be facing bankruptcy again. According to the report, "While the market remained volatile on fears following the aftermath in Japan this week, the LTL stocks held steady as YRC Worldwide (YRCW, not rated) once again faced the possibility of...

Hertz Global Holdings, Inc. (NYSE: HTZ) announced today that its wholly-owned subsidiaries, The Hertz Corporation and Hertz Equipment Rental Corporation, have completed the refinancing of their existing senior secured credit facilities under a new $1.8 billion asset-based revolving credit facility...

Reuters is reporting that there is a distinct possibility that YRC Worldwide (NASDAQ: YRCW) could go bankrupt following the company's failure to reach an agreement on restructuring. On Wednesday, shares of the trucking company fell 28 percent after it revealed that, after failing to get the...

Cusick's Corner Crisis, big volume, and the market finished right off the lows as we enter into Expiration. This is going to add some fuel (as I noted in the Midday) because there are a lot of strategists who were short puts (long delta & short gamma), who are now selling the underlying to...

YRC Worldwide (NASDAQ: YRCW) is warning about a potential bankruptcy, The Business Journal reports.