NEW YORK — Most analysts expect a strong second quarter from the trucking industry, carried by particularly bright results from less-than-truckload carriers.
Confidence in the less-than-truckload segment _ those specialized haulers that don't always load trucks to capacity _ got a boost last month when YRC Worldwide Inc. and Old Dominion Freight Line Inc. pre-announced that quarterly earnings would be better than previously forecast.
YRC Worldwide, the No. 2 carrier in the segment in terms of market capitalization behind Con-Way Inc., said it expects earnings of between $1.49 and $1.54 per share, compared with previous estimates of $1.45 to $1.50. Analysts surveyed by Thomson Financial presently expect $1.54 per share, on average.
http://www.chron.com/disp/story.mpl/ap/fn/4029206.html
Confidence in the less-than-truckload segment _ those specialized haulers that don't always load trucks to capacity _ got a boost last month when YRC Worldwide Inc. and Old Dominion Freight Line Inc. pre-announced that quarterly earnings would be better than previously forecast.
YRC Worldwide, the No. 2 carrier in the segment in terms of market capitalization behind Con-Way Inc., said it expects earnings of between $1.49 and $1.54 per share, compared with previous estimates of $1.45 to $1.50. Analysts surveyed by Thomson Financial presently expect $1.54 per share, on average.
http://www.chron.com/disp/story.mpl/ap/fn/4029206.html