NEW YORK, NY(MARKETWIRE via COMTEX) -- The Trucking Industry has been experiencing a "good" recovery recently according to FTR Associates Senior Consultant Noel Perry. The relationship between gross domestic product (GDP) and freight is one of the main factors driving FTR's confidence in 2012. Five Star Equities examines the outlook for companies in the Trucking Industry and provides equity research on Con-way Inc. /quotes/zigman/415081/quotes/nls/cnw CNW -0.59% and J.B. Hunt Transport Services, Inc. /quotes/zigman/73439/quotes/nls/jbht JBHT -0.72% .
Access to the full company reports can be found at:
"Because GDP is back up above 2%, we should be generating pretty good freight growth. As GDP recovers right now, we would expect a freight bonanza that comes from that would be a quarter or two later." Even with the expected freight growth, the industry is still far from recovery in regards to truckloads, which in 2006 was at a high of 200 million a year and in 2009 dropped to 158 million.
"In the first quarter of 2012, we're only about 40% recovered back to previous peak," Perry said. "This says something fundamental about the need for fixed infrastructure and fixed investment in transportation. We won't get to a new peak until at least 2015, and that assumes we have no recession out there. If we get a recession, which I think we will mid-decade, we could not get to a new peak in trucking or rail perhaps until the end of the decade."
Five Star Equities releases regular market updates on the Trucking Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Con-way Inc. recently reported 2012 first-quarter net income of $25.6 million, or 46 cents per diluted share. The results compare to first-quarter 2011 net income of $6.9 million, or 12 cents per diluted share. "Our strategy is yielding favorable results," said Douglas W. Stotlar, Con-way's president and chief executive officer. "Our first quarter performance reflected disciplined operations which led to improvement at all business units."
J.B. Hunt Transport Services, Inc., one of the largest transportation logistics companies in North America, provides safe and reliable transportation services to a diverse group of customers throughout the continental United States, Canada and Mexico. The company last month reported record first quarter 2012 net earnings of $67.7 million compared to first quarter 2011 net earnings of $50.0 million.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: