Trucking Industry Showing Signs of Improvement to Begin 2013
Research Driven Investing Provides Stocks Research on J.B. Hunt and Old Dominion
NEW YORK, NY -- (Marketwire) -- 01/18/13 -- Heading into 2013, a number of factors have combined to present a positive outlook for the Trucking Industry. The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index gained 3.7 percent in November, which was the first gain since July. Research Driven Investing examines investing opportunities in the Trucking Industry and provides equity research on J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) and Old Dominion Freight Line (NASDAQ: ODFL).
Another measure of the strength of the trucking industry, FTR's Trucking Conditions Index, gained two full points in November to settle at a reading of 9.7. A reading above 10 suggests conditions such as volumes, prices, and margins are in a favorable range for trucking companies.
"We were forecasting an improved environment for trucking even before the agreement just reached to avoid the 'fiscal cliff.' There are still political hurdles to navigate in early 2013, but the agreement takes some of the uncertainty out of business plans. We'll keep monitoring the economy closely to look for any renewed softness in demand, but for now we believe capacity will tighten during 2013," Jonathan Starks, director of transportation analysis for FTR, commented.
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J.B. Hunt Transport Services, 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 is scheduled to release its fourth quarter 2012 results on January 24th.
Old Dominion Freight Line, Inc. is a leading, less-than-truckload, union-free motor carrier providing regional, inter-regional and national LTL service and value-added logistics services. The company is scheduled to release its fourth quarter and year-end results before market open on Thursday, February 7th.
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