NEW YORK, April 30, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Landstar System, Inc. (NASDAQ: LSTR), Echo Global Logistics, Inc. (NASDAQ: ECHO), YRC Worldwide, Inc. (NASDAQ: YRCW), Werner Enterprises, Inc. (NASDAQ: WERN) and Knightsbridge Tankers Limited (NASDAQ: VLCCF). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1808-100free.
Landstar System, Inc. Analyst Notes
On April 24, 2014, Landstar System, Inc. (Landstar) reported its Q1 FY 2014 financial results (period ended March 29, 2014). In Q1 FY 2014, the Company recorded revenues of $688.2 million, up 10.5% YoY. Q1 FY 2014 net income was $27.6 million, or $0.61 per diluted share, compared to $26.8 million, or $0.57 per diluted share, in Q1 FY 2013. "2014 first quarter revenue, gross profit, operating income, net income, and diluted earnings per share were all first quarter records. Strength in demand for truck transportation services that began in the 2013 fourth quarter increased as we moved through the 2014 first quarter. Significant growth in revenue hauled via van equipment outpaced the growth in revenue hauled via unsided/platform equipment, though I believe that the growth in revenue hauled via unsided/platform equipment was slightly reduced due to the harsh weather experienced in January and February. Overall, the number of loads hauled via truck in the 2014 first quarter increased 4 percent over the 2013 first quarter while revenue per load increased 8 percent over the same period," said Henry Gerkens, Chairman and CEO of Landstar. The full analyst notes on Landstar are available to download free of charge at:
Echo Global Logistics, Inc. Analyst Notes
On April 24, 2014, Echo Global Logistics, Inc. (Echo) reported its Q1 2014 financial results. In Q1 2014, the Company's total revenue of $247.7 million was up 21.4% YoY. Q1 2014 net income was $2.4 million, or $0.10 per fully diluted share, compared to $3.0 million, or $0.13 per fully diluted share, in Q1 2013. "Echo delivered a solid quarter with impressive growth both organically and through strategic acquisitions that have been successfully integrated into our business," said Doug Waggoner, CEO of Echo. "While the first quarter was a challenging one for shippers and carriers alike, we are very proud of our ability to add significant value to our clients and asset-based transportation partners. Despite a capacity constrained environment, we achieved a record quarter of both gross and net revenues." The full analyst notes on Echo are available to download free of charge at:
YRC Worldwide, Inc. Analyst Notes
On April 11, 2014, YRC Worldwide, Inc. (YRC Worldwide) announced that it intends to release its Q1 2014 financial results on May 1, 2014, before the opening of the market. On the same day, the Company has scheduled a conference call at 9:30 a.m. EDT / 8:30 a.m. CDT to discuss the results. The full analyst notes on YRC Worldwide are available to download free of charge at:
Werner Enterprises, Inc. Analyst Notes
On April 21, 2014, Werner Enterprises, Inc. (Werner) reported its Q1 2014 financial results. During the quarter, the Company's revenues totaled $492.0 million, comparatively flat compared with Q1 2013. Q1 2014 net income was $14.3 million, or $0.20 per diluted share, compared to $17.5 million, or $0.24 per diluted share, in Q1 2013. Werner noted that Q1 2014 freight demand demonstrated the strongest Q1 performance in 10 years. The full analyst notes on Werner are available to download free of charge at:
Knightsbridge Tankers Limited Analyst Notes
On April 24, 2014, Knightsbridge Tankers Limited (Knightsbridge) announced an agreement with Frontline 2012 Ltd. (Frontline 2012) to combine Frontline 2012's remaining fleet of 25 fuel efficient vessels with Knightsbridge. The Companies informed that the newbuildings have expected deliveries from September 2014 to September 2016, with five vessels delivering in 2014, 14 vessels in 2015, and six vessels in 2016. The closing of the transaction is expected to be executed in two stages, with 31.0 million shares to be issued around September 15, 2014 and 31.0 million shares around March 15, 2015. "The Frontline 2012 transaction will be a transformative step for the Company and will make us the leading US listed Capesize owner. With a fleet of 39 modern vessels, of which 34 are "Eco design" fuel efficient vessels, which could achieve higher time charter equivalent earnings than existing vessels in any market situation and a targeted breakeven rate below $15,000 per day, we are setting the groundwork to be in a unique position to benefit from an expected dry bulk market recovery," said Ola Lorentzon, CEO of Knightsbridge. The full analyst notes on Knightsbridge are available to download free of charge at:
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