Prestigious Awards, Leadership Changes, Acquisitions, Appointments, and Financial Results - Research Report on Old Dominion, YRC Worldwide, Heartland, Con-Way, and Arkansas Best Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 27, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Old Dominion Freight Line Inc. (NASDAQ: ODFL), YRC Worldwide Inc. (NASDAQ: YRCW), Heartland Express, Inc. (NASDAQ: HTLD), Con-way Inc. (NYSE: CNW) and Arkansas Best Corporation (NASDAQ: ABFS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Old Dominion Freight Line Inc. Research Report
On November 14, 2013, Old Dominion Freight Line Inc. (Old Dominion) announced that Mastio & Company has honored the Company with the 2013 Mastio Quality Award, naming Old Dominion as the no.1 national less-than-truckload (LTL) carrier. "We're honored that the shipping public continues to hold Old Dominion in such high regards," said David Congdon, President and CEO of Old Dominion. "This award serves as a testament to the hard work and dedication of every Old Dominion employee, and reaffirms our commitment to deliver premium service." Old Dominion said that it is the only LTL carrier in the history of this prestigious annual ranking to top the list four years in a row. The Full Research Report on Old Dominion Freight Line Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
YRC Worldwide Inc. Research Report
On November 12, 2013, YRC Worldwide Inc. (YRC Worldwide) reported its Q3 2013 financial results with consolidated operating revenue of c.$1.3 billion, up 1.3% YoY. Consolidated operating income decreased to $5.8 million compared to $27.3 million in Q3 2012. Also, adjusted EBITDA on a non-GAAP basis declined to $62.4 million during the quarter from $78.8 million in Q3 2012. YRC Worldwide CEO and recently-appointed YRC Freight President James Welch commented, "Our third quarter performance was hindered by declines in service, manpower shortages and declines in yield. During the quarter, the YRC Freight network was 'out of cycle,' which caused our service to decline in certain lanes." He continued, "As a consequence of YRC Freight's performance, we made leadership changes in late September. Our renewed objective is to increase process discipline, execution and accountability at YRC Freight. Going forward, our focus will be on growing the business by aggressively pursuing new and profitable accounts while controlling our costs and improving our service levels." The Full Research Report on YRC Worldwide Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Heartland Express, Inc. Research Report
On November 11, 2013, Heartland Express, Inc.'s (Heartland) Board of Directors announced that it has acquired 100% of the stock of Gordon Trucking, Inc. of Pacific, Washington and certain associated assets in transactions valued at approximately $300 million. Commenting on the results, Michael Gerdin, Chairman, President, and CEO of Heartland said, "We searched for many years for the best fit to expand our capabilities for customers, our opportunities for drivers, and our growth for our stockholders. With GTI, Heartland acquires a major presence in the West, affording the combined customer base significant capacity nationwide through what is expected to be one of the five largest asset-based truckload fleets in North America. GTI has a well-earned reputation for superior customer service, with a modern fleet and a strong safety record." The Full Research Report on Heartland Express, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Con-way Inc. Research Report
On November 14, 2013, Con-way Inc. (Con-way) announced that its subsidiary, Con-way Freight has appointed Stephen F. Dean as its Vice President of Sales. "Steve Dean is a respected sales professional who has developed and led innovative, successful sales organizations in both trucking and third party logistics," said Greg Lehmkuhl, President, Con-way Freight. "We're pleased to welcome Steve to the Con-way Freight team, and we look forward to his insight and leadership as we advance our sales organization to the next level." The Company informed that Mr. Dean has joined Con-way Freight from Ryder Supply Chain Solutions, where he served as senior vice president of sales, marketing and solutions management for all of Ryder's vertical industry markets since 2008. The Full Research Report on Con-way Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Arkansas Best Corporation Research Report
On November 11, 2013, Arkansas Best Corp. (Arkansas Best) reported its Q3 2013 financial results, with revenue growth of 7.9% YoY to $623.4 million. Net income for the quarter totaled $14 million or $0.52 per share, compared to $6.5 million or $0.24 per share in Q3 2012. "This was our strongest quarter of the year thanks to the solid performance of our emerging businesses and a tonnage uptick for ABF Freight," said Arkansas Best President and CEO Judy R. McReynolds. "Going forward, we will continue with initiatives at ABF and all of our operating companies that will enable us to better serve our customers in the rapidly evolving transportation and logistics marketplace." The Full Research Report on Arkansas Best Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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