A JPMorgan analyst lowered his 2009 estimates across the trucking sector Wednesday, noting growing weakness among companies already battered by a sour economy.
Total goods shipped by trucks in the U.S. fell 3 percent last month, a major industry trade group said, marking the fourth consecutive month-over-month decline.
The Federal Motor Carrier Safety Administration on Tuesday maintained a regulation that allows truck drivers to stay on the road for 11 hours in a row, rather than a limit of 10.
NEW YORK (AP) - Total goods shipped by trucks in the U.S. fell 3 percent last month, a major industry trade group said, marking the fourth consecutive month-over-month decline.
NEW YORK (AP) - The Federal Motor Carrier Safety Administration on Tuesday maintained a regulation that allows truck drivers to stay on the road for 11 hours in a row, rather than a limit of 10.
With the price of oil dropping, investors are looking at the sectors and industries with high fuel exposure that may benefit from the reduction in oil prices. One of those industries is the trucking industry. Here is a selection of the trucking stocks with market caps over $500 million:
Arkansas Best Corporation (ABFS) is a provider of less-than-truckload motor carrier transportation services. The stock has a P/E of 14 and a PEG of 1.53. The stock also pays a yield of 1.9%.
Con-way Inc. (CNW) is in the business of logistics, transportation, and supply chain management. The stock has...
iShares Dow Jones Transport ETF (IYT) was up 14.5% year to date on Aug. 15—more than the fund returned during each of the last three calendar years, and among the top 25 of all 800-plus ETFs tracked by Morningstar.
IYT invests in just 21 stocks but represents a wide range of transportation sub-industries. Still, railway stocks have been a key driver for the fund this year. Shares of the four major U.S. rail carriers—among the fund’s top 13 holdings and accounting for nearly one-third of assets—were up an average of 29.9%...
Landstar Systems (LSTR) reported earnings for the second quarter of 2008 and held a conference call to discuss earnings. LSTR is a non-asset based transportation and logistics services company with three divisions - carrier, global logistics, and insurance.
Below we highlight a one-year chart of the Dow Jones Transportation
Index. As shown below, the Transports have been on fire recently, even
with JetBlue (JBLU), Continental Airlines (CAL) and AMR Corp. (AMR) part of the 20-member index.
JACKSONVILLE, Fla. , Nov. 21 /PRNewswire-FirstCall/ -- Landstar System, Inc. (Nasdaq: LSTR), a safety-first non-asset-based provider of transportation capacity and logistics services, announced ...
Landstar System (NasdaqNM: LSTR) opened at $33.35. So far today, the stock has hit a low of $32.30 and a high of $33.99. LSTR is now trading at $33.89, up $1.60 (4.96%). Over the last 52 weeks the ...
JACKSONVILLE, Fla., Nov. 12 /PRNewswire-FirstCall/ -- Landstar System, Inc. (Nasdaq: LSTR), a safety-first non-asset-based provider of transportation capacity and logistics services, announced ...
Landstar System, Inc. - SWOT Analysis Company Profile is the essential source for top-level company data and information. The report examines the company?s key business structure and operations ...
JACKSONVILLE, Fla., Nov. 4 /PRNewswire-FirstCall/ -- Landstar System, Inc. (Nasdaq: LSTR), a safety-first non-asset-based provider of transportation capacity and logistics services, announced ...
BEIJING, Oct 23, 2008 /PRNewswire-FirstCall via COMTEX/ -- LandStar Inc. (LDSR) www.landstarcorp.com (site under construction). Further to the issuer's recent announcement regarding the mining ...
LandStar Inc. (LDSR) www.landstarcorp.com (site under construction) Further to the issuers announcement of Oct 17 regarding the Mexican mining opportunity, this venture actually includes 2 ...
BEIJING, Oct. 21 /PRNewswire-FirstCall/ - LandStar Inc. (LDSR) http://www.landstarcorp.com (site under construction) Further to the issuers announcement of Oct 17 regarding the Mexican mining ...
Oil prices are soaring. Consumers are wary. And yet, "perhaps the most sensitive index to economic trends is actually showing a nice double digit gain" says Chuck Carlson, the CEO of Horizon Investment Services. "Markets look forward, and the strength of the Dow Jones Transportation Average amidst what should be significant headwinds I think portends well for the economy and corporate profits 6-9 months down the road," Carlson says.
NEW YORK (MarketWatch) -- Landstar System Inc. said Thursday that first-quarter earnings were $23.7 million, or 45 cents a share, compared to net income of $21.6 million, or 38 cents a year ago. "I am pleased with the company's 2008 first-quarter performance," said Landstar President and Chief Executive Officer Henry Gerkens. "Despite a continuing weak freight environment, Landstar continued to increase its revenue. Revenue rose to $599.6 milion vs $576.4 million a year ago, for the Jacksonville, Fla.-based trucking company.
About any way you cut it, the U.S. markets’ first quarter was ugly. That’s largely because it punctuated a severe correction from last year’s best levels.
Stocks 
Still, railway stocks have been a key driver for the fund this year. Shares of the four major U.S. rail carriers—among the fund’s top 13 holdings and accounting for nearly one-third of assets—were up an average of 29.9%...
Landstar Systems (LSTR) reported earnings for the second quarter of 2008 and held a 
Hickey and Walters (
![](http://seekingalpha.com/article/85616-landstar-systems-tight-capacity-trends-will-generally-continue?source=feed"target="_blank" rel="nofollow" >Complete Story »</a></p>
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<h4 class="kl_rssfeed-item_title"><strong><a href="http://seekingalpha.com/article/85440-wall-street-breakfast-must-know-news?source=feed" target="_blank">
Wall Street Breakfast: Must-Know News</a></strong></h4>
<span class="kl_rssfeed-item_date">(Thu, 17 Jul 2008 08:18:21 -0400)</span>
<p> <p><a href="http://seekingalpha.com/tag/wall-street-breakfast" rel="nofollow" ><img width="80" vspace="1" hspace="1" height="66" border="0" align="right" alt="" src="http://static.seekingalpha.com/uploads/2008/7/18/saupload_sacoffeecup80.jpg" /></a></p><ul><li><strong><a href="http://www.nytimes.com/2008/07/17/business/17broker.html" rel="nofollow" >Bloomberg goes; BlackRock stays.</a></strong> Merrill (MER) is selling its 20% Bloomberg stake back to Bloomberg for about $4.5B - putting a price tag of at least $22.5B on the financial data and news provider. Sources say Bloomberg wanted to pay $3B; MER wanted $6B - so they split the difference. Merrill bought its stake, originally 30%, for just $30M in 1985. The Street was also buzzing about the fact Merrill is not selling its stake in BlackRock (BLK).</li><li><strong><a href="http://online.wsj.com/article/SB121623279341859201.html" rel="nofollow" >Microsoft/AOL talks warm up.</a></strong> Talks between Microsoft (MSFT) and Time Warner){kind=link}