Trucking

The Hertz Corporation (NYSE: HTZ) has entered the low cost car rental market in Australia and New Zealand by acquiring Ace Rental Cars, the second largest discount car rental company in New Zealand. Ace will continue to operate under its existing brand as an independent subsidiary. "At the price-...

Frozen Food Express Industries, Inc. (Nasdaq: FFEX) today announced its financial and operating results for the quarter and year ended December 31, 2010. Highlights for the year include: Operating losses for the 4th Quarter of 2010, are $1.9 million, an improvement versus the 4th Quarter of 2009 of...

Ryder System, Inc. (NYSE: R) announced that it is expanding and refreshing its North American rental fleet with 6,700 new trucks, tractors, trailers, and vans to meet accelerating demand as the economy continues to rebound. The new vehicles, which represent multiple classes of tractors, trailers,...

Analysts at Wells Fargo initiate coverage of Con-way Inc (NYSE: CNW) with a “market perform” rating. CNW shares rose 1.16% to close at $32.35 on Friday. More Analyst Ratings here

Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Banco Santander (NYSE: BSBR) 5,028 puts, 36 calls 2. Flextronics International Ltd (NASDAQ: FLEX) 8,043 puts, 94 calls 3. Cemex SaB (NYSE: CX) 6,118 puts, 243 calls 4. YRC Worldwide...

Con-way Inc. (NYSE: CNW) today announced that John P. Burton has been named Vice President – Yield Management.

Analysts at SunTrust initiate coverage of Landstar System Inc (NASDAQ: LSTR) with a “buy” rating. The target price for LSTR is set to $53. LSTR shares gained 0.69% to close at $43.48 yesterday. More Analyst Ratings here

Toronto, Canada-based Vitran Corporation, Inc. (Nasdaq: VTNC) released financial results on Thursday morning that missed Wall Street estimates. Vitran Corporation, Inc announced that its 4th quarter net loss from continuing operations was $40.2 million, or $2.47 loss per share, compared to a net...

Knight Transportation, Inc. (NYSE: KNX) announced additions to its senior management team. David A. Jackson has been appointed President and continues to serve as Chief Financial Officer. Mr. Jackson has served as Chief Financial Officer since January 2004 and also has served as Treasurer from May...

Shares of Hertz Global Holdings (NYSE: HTZ) are higher on the session by 0.88%, trading at $16.00. Overall call volume is now running at 3.01x the daily average, with 0% of all calls traded being purchases on the offer. 3,253 contracts have traded on the session so far. Hertz Global Holdings, Inc...

Sterne Agee is revisiting its assumptions for JB Hunt Transport (NASDAQ: JBHT) in the wake of its view on intermodal demand and pricing, to put it more on par with its views on other intermodal and dedicated fleet companies. Sterne Agee is assuming a more beneficial pricing environment beginning in...

Hertz Rent2Buy, The Hertz Corporation's (NYSE: HTZ) online car sales program, announced today a new partnership with AirTran Airways (NYSE: AAI) that provides 16 AirTran Airways A+ Rewards credits, equal to a round trip coach ticket valid at any AirTran Airways destination, to A+ Reward members...

Deutsche Bank is out with its Freight Tracker Update and lists the following companies as its top picks: FedEx Corporation (NYSE: FDX) Buy CSX Corporation (NYSE: CSX) Buy J. B. Hunt (NASDAQ: JBHT) Buy Old Dominion (NASDAQ: ODFL) Buy

Initially,  I meant this response as a comment to a recent blog post, Arbitrage Pricing Theory – MBA Mondays with Darwin, however as I began to write, it has taken on a life of it's own. I commend Darwin in his endeavor to educate the general public, however to quote Darwin himself from a previous...

YRC Worldwide (NASDAQ: YRCW) reported 4Q10 EPS of $0.49 after the exclusion of an $0.11/sh gain related to discontinued operations. However, the $0.49/sh result reflects a much higher-than-expected tax benefit of $93 MM vs its assumption of a tax benefit of $2.2 MM. If Dahlman Rose was to apply its...