Trucking

Piper Jaffray is downgrading shares of Con-Way, Inc. (NYSE: CNW) to Underweight and cutting its price target on shares to $26. In a note to clients, Piper Jaffray writes, "We are downgrading CNW from Neutral to Underweight and setting a $26 price target as we believe expense reclassifications, not...

Piper Jaffray has downgraded Con-Way, Inc. (NYSE: CNW) from Neutral to Underweight and has lowered the price target from $33 to $26.

Arkansas Best (NASDAQ: ABFS) reported 4Q10 loss/sh of $0.12, which was below Dahlman Rose's and consensus estimates of losses of $0.06/sh and $0.09/sh, respectively. The company indicated that the fourth quarter saw signs of some pricing rationality returning to the LTL marketplace and several...

YRC Worldwide (NASDAQ: YRCW) is trading significantly higher today. At last check, shares of YRCW were trading at $5.22, up 18.64% from Thursday's close. YRCW mentioned that winter weather is negatively affecting its earnings this season on a temporary basis.

STOCKS ON THE MOVE (YRCW) BLOWOUT EPS

Deutsche Bank is out with an industry alert on the Airfreight and Surface Transportation sector this morning, highlighting Union Pacific (NYSE: UNP), J.B. Hunt (NASDAQ: JBHT), and United Parcel Service (NYSE: UPS). In the report, Deutsche Bank states, "Last night after the close, transportation...

YRC Worldwide (NASDAQ: YRCW) says winter is causing significant losses to Q1 earnings.

Piper Jaffray remained Neutral on Ryder System (NYSE: R) in a research report published today. Piper Jaffray has previously given Ryder System a $47 price target. In the report, Piper Jaffray states, "Yesterday before the market, R reported "continuing" 4Q10 EPS of $0.65 (up 58.8%), modestly above...

YRC Worldwide Inc. (Nasdaq: YRCW) today reported net income of $23 million and $0.49 earnings per share for the fourth quarter of 2010, including a $52 million benefit from an income tax settlement. For the full year 2010, the company reported a net loss of $322 million and an $8.13 loss per share...

Morgan Keegan has an Outperform rating and a $60 price target on shares of Ryder System, Inc. (NYSE: R). In a note to clients, Morgan Keegan writes, "Ryder System, Inc. reported $0.65 per share in earnings excluding $0.15 in one-time net positive items. Results beat both our estimate of $0.60 and...

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced today that its Board of Directors approved an increase in the quarterly cash dividend on its common stock to thirteen (13) cents per common share payable to stockholders of record on February 15, 2011. The dividend will be paid on February...

J.P. Morgan lowered its Con-Way (NYSE: CNW) price target to $29 from $33 in a research report published today. In the report, J.P. Morgan states, "CNW's 4Q10 EPS was a bit weaker than expected even after a downside pre-report several weeks ago. CNW's LTL business continued to struggle in 4Q10 with...

Ryder System, Inc. (NYSE: R) today reported earnings per diluted share from continuing operations for the three-month period ended December 31, 2010 were $0.80, compared with $0.43 in the year-earlier period. Earnings from continuing operations for the fourth quarter of 2010 were $41.5 million,...

JP Morgan has lowered the price target on Con-way (NYSE: CNW) from $33 to $29 and maintains its Underweight rating.

Piper Jaffray has downgraded Old Dominion Freight (NASDAQ: ODFL) from Overweight to Neutral and has lowered the price target from $35 to $34.