NEW YORK, September 19, 2016 /PRNewswire/ --
Stock-Callers.com today turns its attention to the highly fragmented, competitive, and capital-intensive US Trucking segment. According to a recent release by the American Trucking Associations, the turnover rate at truckload fleets with more than $30 million in annual revenue dropped six points to 83% in the second quarter, which is the lowest point since the second quarter of 2011. Let us now evaluate the most recent performances of the following equities: Swift Transportation Co. (NYSE: SWFT), Knight Transportation Inc. (NYSE: KNX), Old Dominion Freight Line Inc. (NASDAQ: ODFL), and Heartland Express Inc. (NASDAQ: HTLD). These stocks research reports can be downloaded now by simply registering for free at:
Phoenix, Arizona headquartered Swift Transportation Co.'s stock finished last Friday's session 0.37% higher at $21.46. A total volume of 2.76 million shares was traded, which was above their three months average volume of 2.59 million shares. The Company's shares have advanced 16.13% in the past month, 27.51% over the previous three months, and 55.28% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.61% and 28.70%, respectively. Furthermore, shares of Swift Transportation, which operates as a multi-faceted transportation services company in North America, have a Relative Strength Index (RSI) of 74.29.
On September 8th, 2016, Swift Transportation announced the retirement of Founder and CEO Jerry Moyes, effective as of December 31st, 2016. Richard Stocking, who has served as Swift's President and Chief Operating Officer since 2010, has been unanimously appointed by the Board of Directors as President and Chief Executive Officer. Your complete research report on SWFT can be retrieved for free at:
On Friday, shares in Phoenix, Arizona headquartered Knight Transportation Inc. ended the session at $29.19, up 0.31%. The stock recorded a trading volume of 2.04 million shares, which was higher than its three months average volume of 986,390 shares. The Company's shares have gained 4.69% in the last one month, 8.66% over the previous three months, and 21.29% since the start of this year. The stock is trading 2.44% above its 50-day moving average and 12.29% above its 200-day moving average. Moreover, shares of Knight Transportation, which together with its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the US, have an RSI of 58.33.
On August 4th, 2016, Knight Transportation announced that its Board of Directors has declared the company's quarterly cash dividend of $0.06 per share of common stock. The company's dividend is payable to shareholders of record on September 2nd, 2016 and is expected to be paid on September 30th, 2016. KNX free report is just a click away at:
Old Dominion Freight Line
Thomasville, North Carolina-based Old Dominion Freight Line Inc.'s stock ended the session 0.36% lower at $68.71. A total volume of 996,843 shares was traded, which was above their three months average volume of 523,480 shares. The Company's shares have advanced 15.93% in the previous three months and 16.32% on an YTD basis. The stock is trading 0.74% above its 50-day moving average and 7.63% above its 200-day moving average. Additionally, shares of Old Dominion Freight Line, which operates as a less-than-truckload motor carrier in the US and North America, have an RSI of 49.66.
On September 13th, 2016, the company announced a general rate increase of 4.9% applicable to rates established under the existing Old Dominion Freight Line, 559, 670, and 550 tariffs effective September 26th, 2016. Sign up for your complimentary research report on ODFL at:
At the close on Friday, shares in North Liberty, Iowa headquartered Heartland Express Inc. recorded a trading volume of 2.78 million shares, which was above their three months average volume of 472,010 shares. The stock finished 1.23% lower at $19.31. The Company's shares have gained 1.63% in the last one month, 8.00% in the previous three months, and 13.71% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.78% and 7.10%, respectively. Furthermore, shares of Heartland Express, which through its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities, have an RSI of 54.39.
On September 13th, 2016, The Board of Directors of Heartland Express announced the declaration of a regular quarterly cash dividend. The $0.02 per share dividend will be paid on October 3rd, 2016 to shareholders of record at the close of business on September 23rd, 2016. This is the Company's fifty-third consecutive quarterly cash dividend. With the payment of this dividend, the Company said it will have paid a total of $462.4 million in cash dividends, including three special dividends since the dividend program was implemented in Q3 2003. Register for free on Stock-Callers.com and download the latest research report on HTLD at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: firstname.lastname@example.org Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA