Trucking

Con-Way, Inc. (NYSE: CNW) expects to report 4Q10 LTL operating income of $2 MM, well below Dahlman Rose's estimate of $25 MM. “We are disappointed in the company's lack of earnings performance but are confident that most of the issues can be sorted out with continued focus on pricing,” Dahlman Rose...

Piper Jaffray is cutting its price target on shares of Con-Way, Inc. (NYSE: CNW) to $33, and is keeping its Neutral rating on shares. In a note sent to clients, Piper Jaffray writes, "Yesterday before the market, CNW pre-reported downside 4Q10 EPS, which suggests a single digit EPS figure for the...

Piper Jaffray has lowered the price target on Con-Way, Inc. (NYSE: CNW) from $36 to $33 and maintains its Neutral rating.

Con-way Inc. (NYSE: CNW) today provided an update on preliminary operating results for the fourth quarter of 2010 at Con-way Freight. The company's LTL unit expects to report operating income for the fourth quarter of 2010 of approximately $2 million. Operating income in the quarter was affected...

Industry Rank Analysis 1-5-11 As the economy recovers -- and yes it does appear that we are recovering, although not fast enough -- more and more goods will be produced and sold. Those goods have to move. One of the indications that we are in a recovery is the fact that more goods have started to...

At an industry presentation yesterday, Hertz Global Holdings, Inc. (NYSE: HTZ) management provided a 2011 total revenue forecast of +4% to +5%, Goldman Sachs reports. “In light of our more bullish GDP forecast, we believe could this prove conservative and would be buyers on today's weakness,”...

Industry Rank Analysis 1-5-11 As the economy recovers -- and yes it does appear that we are recovering, although not fast enough -- more and more goods will be produced and sold. Those goods have to move. One of the indications that we are in a recovery is the fact that more goods have started to...

Shares of Knight Transportation (NYSE: KNX) are higher on the session by 0.21%, currently trading at $19.50. The stock has been moving largely higher over the past two months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...

Jefferies has initiated coverage on Landstar System (NASDAQ: LSTR) with a Hold rating and $45 PT. Unlike C.H. Robinson Worldwide (NASDAQ: CHRW) and Expeditors International (NASDAQ: EXPD), which Jefferies thinks are nearing or have hit positive inflection points, it sees greater near-term...

Jefferies has initiated coverage with a Hold rating and a $19 PT. Jefferies thinks Knight Transportation (NYSE: KNX) can continue to upside consensus for the next 1-2 quarters. Jefferies' proprietary TL revenue index suggests YoY revenue growth reaccelerated for the TLs in November following the...

Jefferies initiates coverage on JB Hunt Transport (NYSE: JBHT) with a Buy rating and $50 PT. Jefferies prefers JBHT over the pure-play TLs for three reasons. Intermodal is the fastest growing area of freight and has increased 20% over the past decade. Materially improved returns have also...

Jefferies is initiating coverage of Quality Distribution (NASDAQ: QLTY) with a Hold rating and an $11 target.

Jefferies is initiating coverage of Ryder System (NYSE: R) with a Hold rating; $51 price target.

Jefferies is initiating coverage of Heartland Express (NASDAQ: HTLD) with a Hold rating; $15 price target.