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10-14-2008, 01:54 AM
| | Only Thinking Retirement. | | Join Date: May 2006 Location: Out in the West
Posts: 5,322
| |  Some Trucking Companies also had a BIG bounce
Some carriers went along for the ride in the biggest reversal bounce in the stock market this Monday 10/13.
Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage.
Dow 9,387.61 +936.42 +11.08%
Nasdaq 1,844.25 +194.74 +11.81%
S&P 500 1,003.35 +104.13 +11.58%
SAIA 9.59 +1.42 (+17.38%) SAIA
FDX 73.70 +5.34 (+7.81%) FedEx
UPS 55.65 +3.95 (+7.64%) UPS
HTLD 15.26 +0.94 (+6.56%) Heartland
LSTR 40.02 +2.06 (+5.43%) Landstar
WERN 19.50 +1.00 (+5.41%) Werner
KNX 15.45 +0.76 (+5.17%) Knight
JBHT 28.75 +1.05 (+3.79%) JB Hunt
ABFS 31.48 +0.84 (+2.74%) ABF
CNW 36.78 -1.19 (-3.13%) Conway
YRCW 5.91 -0.79 (-11.79) Yellow Roadway
Conway went down because the pension plans are after money owed by Consolidated Freightways.
Con-way shares fall on pension liability concerns: Financial News - Yahoo! Finance
YellowRoadway went down on no real news, just the path of least resistance seems to be down
YRC Logistics lays off 50 in St. Louis, 150 in Edwardsville, Ill. - St. Louis Business Journal:
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10-14-2008, 12:19 PM
| | Only Thinking Retirement. | | Join Date: May 2006 Location: Out in the West
Posts: 5,322
| | Some truckers downgraded
Second day of the stock market making gains and some truckers can't catch a break.
With some truckers getting further estimate cuts.
NEW YORK (AP) -- An analyst reduced earnings estimates for a slew of trucking companies Tuesday, suggesting that the credit crisis has "begun to wreak havoc in already sluggish freight markets."
Stifel Nicolaus analyst John G. Larkin urged investors to realize that tough times still lay ahead for the group, noting that capacity has not been scaled back fast enough to account for slumping demand. He cut fourth-quarter and full-year earnings estimates for truckers including Arkansas Best Corp., Knight Transportation Inc. and Werner Enterprises Inc.
Ahead of the Bell: Analyst cuts trucking estimates: Financial News - Yahoo! Finance |
10-16-2008, 02:56 AM
| | Only Thinking Retirement. | | Join Date: May 2006 Location: Out in the West
Posts: 5,322
| | Dow down 733.08 points. OUCH!!!
The stock market plunged the most since the crash of 1987 as disappointing retail sales data and credit concerns renewed economic fears.
Dow 8,577.91 -733.08 -7.87%
Nasdaq 1,628.33 -150.68 -8.47%
S&P 500 907.84 -90.17 -9.03%
YRCW 4.00 -0.92 -18.70% YRC WORLDWIDE
CNW 34.90 -2.22 -5.98% Con-Way
HTLD 13.84 -1.31 -8.65% HEARTLAND EXPRESS
LSTR 36.12 -3.28 -8.32% LANDSTAR SYSTEM
KNX 13.13 -1.94 -12.87% Knight Transportation
JBHT 29.99 -1.54 -4.88% JB HUNT
WERN 17.64 -1.35 -7.11% WERNER
ABFS 26.77 -3.00 -10.08% ARKANSAS BEST
UPS 51.30 -3.60 -6.56% United Parcel Service
FDX 65.26 -5.49 -7.76% FedEx
Gainey Corp. Files for Bankruptcy
Michigan-based trucking firm Gainey Corp. and five of its subsidiaries have filed for Chapter 11 bankruptcy protection, the Associated Press reported Wednesday.
Owner Harvey Gainey pinned the move on the nation’s ongoing credit crisis, AP said.
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10-18-2008, 12:47 AM
| | Only Thinking Retirement. | | Join Date: May 2006 Location: Out in the West
Posts: 5,322
| | Options Expiration Friday
NEW YORK (AP) -- Wall Street ended a tumultuous two-week run relatively quietly Friday, finishing another back-and-forth session mixed as investors were cheered by signs of easing in the credit markets and managed to absorb lackluster economic news with equanimity. But while there was less volatility than during recent sessions, analysts warned that the market still faces rough times.
DOW 8852.22 -127.04 -1.41%
NASDAQ 1711.29 -6.42 -0.37%
S&P 500 940.55 -5.88 -0.62%
UPS 50.54 -1.10 -2.13%
LSTR 36.18 -0.97 -2.61%
ABFS 29.38 -0.98 -3.23%
CNW 34.18 -1.21 -3.42%
SAIA 9.18 -0.37 -3.87%
FDX 62.55 -3.69 -5.57%
JBHT 28.60 -1.84 -6.04%
HTLD 13.93 -1.11 -7.38%
KNX 13.31 -1.06 -7.38%
YRCW 4.02 -0.35 -8.01%
WERN 17.93 -1.72 -8.75%
Warren Buffett Oped in the New York Times
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So ... I’ve been buying American stocks.
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful
http://www.nytimes.com/2008/10/17/op...on&oref=slogin
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10-19-2008, 02:04 AM
| | Only Thinking Retirement. | | Join Date: May 2006 Location: Out in the West
Posts: 5,322
| | Kudos to Kennesaw Kid
I would like to praise Kennesaw Kid for always being on the cutting edge finding and sharing great relevant information.
This article mentions FedEx Freight market share gains, and YRCW's recent strock price decline in the face of what could be a prolonged recession.
http://www.truckingboards.com/trucki...036-post1.html
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