Trucking

Piper Jaffray has raised the price target on Heartland Express (NASDAQ: HTLD) from $16 to $17 and maintains its Neutral rating.

GATX Corporation (GMT), a leader in leasing transportation assets, reported fourth quarter adjusted earnings of 33 cents per share, which missed the Zacks Consensus Estimate of 40 cents and was below the earnings of 35 cents in the year-ago quarter. The decline was due to a lower marine demand...

GATX Corporation (GMT), a leader in leasing transportation assets, reported fourth quarter adjusted earnings of 33 cents per share, which missed the Zacks Consensus Estimate of 40 cents and was below the earnings of 35 cents in the year-ago quarter. The decline was due to a lower marine demand...

Heartland Express (NASDAQ: HTLD) reported EPS of $0.17 which was inline with consensus of $0.17, but missed Jefferies high-end $0.20 estimate. Based on channel checks suggesting a potential reacceleration of TL industry pricing in November and December, it had increasingly expected a substantially...

Shares of Avis Budget Group (NYSE: CAR) are lower on the session by 0.14%, trading at $13.88. Overall call volume is now running at 2.83x the daily average, with 0% of all calls traded being purchases on the offer. 3,355 contracts have traded on the session so far. Avis Budget Group, Inc. provides...

Goldman Sachs is a buyer of Hertz (NYSE: HTZ) stock and Hertz 8.5% secured Euro notes as its top cross asset ideas in the $30 bn equipment rental industry and Oshkosh (NYSE: OSK) is its top lateral idea. Goldman views 2011 as the year equipment rental fundamentals rebound and believe it is a good...

Piper Jaffray is out with a report on Werner Enterprises (NASDAQ: WERN) reiterating its Overweight on WERN in the lead up to Q4 results. In a note to clients, Piper Jaffray writes, "We've lowered our 4Q10 EPS estimate from $0.33 to $0.31 (now in line with consensus) given a modest downward...

Piper Jaffray has raised the price target on Werner Enterprises (NASDAQ: WERN) from $28 to $29 and maintains its Overweight rating.

Shares of Dollar Thrifty Automotive Group (NYSE: DTG) are lower on the session by 0.54%, currently trading at $47.82. The stock has been moving largely sideways over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the...

Ryder System (NYSE: R) has completed its previously announced acquisition of substantially all the assets of the full service leasing and rental business of Carmenita Leasing, located in Santa Fe Springs, California. The acquisition is expected to be accretive to earnings in 2011 and will operate...

In a research report published today, Piper Jaffray raises J.B. Hunt Transport Services' (NASDAQ: JBHT) price target from $42 to $48 and reiterates its Overweight rating. "JBHT is scheduled to report 4Q10 earnings on Friday, January 28 th. We believe that a tight US Supply Chain driven by...

Covenant Transportation Group, Inc. (Nasdaq: CVTI) announced today its expectations regarding financial results for the fourth quarter of 2010. Chairman, President and Chief Executive Officer, David R. Parker, offered the following comments: "Overall, we expect to report consolidated net income...

JB Hunt (NASDAQ: JBHT) is scheduled to report 4Q10 earnings on Friday, January 28th. Piper Jaffray believes that a tight US Supply Chain driven by accelerating demand and more so capacity constraints in 2011 results in TL industry yield upside and a modal shift from TL to Intermodal rail. Given...

Morgan Keegan has an Outperform rating and $19 price target on shares of Vitran Corporation, Inc. (NASDAQ: VTNC). In a note to clients, Morgan Keegan writes, "VTNC announced Friday morning (1/14) the intent to acquire the LTL business of Milan Express, which operates 34 facilities in central and...

PIper Jaffray has raised the price target on JB Hunt Transport Services (NASDAQ: JBHT) from $42 to $48 and maintains its Overweight rating.