NEW YORK, January 19, 2017 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on four Trucking equities, namely: Swift Transportation Co. (NYSE: SWFT), Knight Transportation Inc. (NYSE: KNX), J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), and Werner Enterprises Inc. (NASDAQ: WERN). According to the American Trucking Associations' U.S. Freight Transportation Forecast to 2027, truckload volumes will grow 2% annually between 2016 and 2022, and 1.6% per year after that until 2027. Less-than-truckload volume will grow year after year 3% through 2022, and 2.8% from 2023 to 2027. Moreover, private carrier volumes will grow 2.3% annually until 2022, and 2.1% each year over the next five years. Learn more about these stocks by accessing their free research reports at:
Phoenix, Arizona headquartered Swift Transportation Co.'s shares climbed 0.51%, finishing Wednesday's trading session at $23.83. A total volume of 1.23 million shares was traded. In the previous three months, the stock has advanced 19.99%. The Company's shares are trading above their 200-day moving average by 20.19%. Moreover, shares of Swift Transportation, which operates as a multi-faceted transportation services company in North America, have a Relative Strength Index (RSI) of 43.82.
On December 22nd, 2016, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On January 06th, 2017, Swift Transportation announced that it will release its earnings for Q4 2016 and FY16 after market close on January 26th, 2017. The company will hold a conference call on January 27th, 2017, at 10:30 a.m. ET. Free research report on SWFT is available at:
On Wednesday, shares in Phoenix, Arizona headquartered Knight Transportation Inc. recorded a trading volume of 465,896 shares, and ended the session 2.09% higher at $34.20. The stock has gained 26.37% in the previous three months and 3.48% on an YTD basis. The Company's shares are trading 0.14% above their 50-day moving average and 17.70% above their 200-day moving average. Furthermore, 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 52.30.
On January 11th, 2017, Knight Transportation announced that it expects to release its Q4 2016 earnings on January 25th, 2017, after market close. The Company will be holding a conference call with analysts and investors to discuss the earnings release, the results of operations, and other matters on January 25th, 2017, at 4:30 p.m. ET. The complimentary research report on KNX can be downloaded at:
J.B. Hunt Transport
Shares in Lowell, Arkansas headquartered J.B. Hunt Transport Services Inc. closed at $98.03, up 0.05% from the last trading session. The stock recorded a trading volume of 1.30 million shares, which was above its three months average volume of 980,630 shares. The Company's shares have advanced 0.02% in the last one month, 25.29% over the previous three months, and 0.99% since the start of this year. The stock is trading 3.47% and 15.67% above its 50-day and 200-day moving averages, respectively. Additionally, shares of J.B. Hunt Transport Services, which together with its subsidiaries, provides surface transportation and delivery services in the continental US, Canada, and Mexico, have an RSI of 55.45.
On January 03rd, 2017, J.B. Hunt Transport announced that it has exercised its right to arbitrate the revenue division provided for in the Joint Service Agreement (JSA) between J.B. Hunt Transport, Inc. (JBHT), its wholly owned subsidiary, and BNSF Railway Company. The JSA provides that the revenue division shall be a negotiated provision determined by the parties and reviewed quarterly for its fairness. JBHT has requested that the fairness of the revenue division be reviewed by a panel of arbitrators.
On January 09th, 2017, research firm Barclays downgraded the Company's stock rating from 'Overweight' to 'Equal Weight' while revising its previous target price from $90 a share to $97 a share. Visit us today and access our complete research report on JBHT at:
At the closing bell yesterday, shares in Omaha, Nebraska headquartered Werner Enterprises Inc. ended 1.50% higher at $27.00 with a total trading volume of 327,059 shares. The stock has advanced 19.47% in the previous three months and 0.19% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 0.05% and 8.83%, respectively. Furthermore, shares of Werner Enterprises, which engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the US, Mexico, Canada, China, and Australia, have an RSI of 48.11.
On January 17th, 2017, Werner Enterprises announced its 25,000th veteran hire since partnering with the Department of Labor and the Department of Veterans Affairs to begin the industry's first professional truck driver apprenticeship program in 2006. Get free access to your research report on WERN at:
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