NEW YORK, NY--(Marketwire -06/13/12)- The Trucking Industry has experienced a strong recovery in 2012, as fewer trucking companies have failed in the first quarter of 2012 than in recent years. Companies who have survived the recent recession will be well-positioned to profit going forward. The Paragon Report examines investing opportunities in the Trucking Industry and provides equity research on YRC Worldwide, Inc. (YRCW) and J.B. Hunt Transport Services, Inc. (JBHT).
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According to Avondale Partners analysts "failures report" in the first quarter of 2012 there were only 160 companies with an average fleet of 13 trucks that went under, compared with 295 failures in first quarter 2011.
"Almost by definition, if a trucking company made it through the last couple of years of turmoil in the macro economy, industry marketplace and regulatory environment, it is a result of being fairly well capitalized and fairly well operated," the analysts said. "Or put another way, if they made it this far through the tough times, then they can make it through easier times."
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YRC Worldwide has the largest, most comprehensive network in North America with local, regional and national capabilities. YRCW's subsidiary Holland recently received the Eastman 2011 Supplier Excellence Award. "Holland professionals work tirelessly to provide the unmatched level of service that makes Holland the industry leader that it is. We are grateful for this honor, and we intend to do it justice by continuing to deliver the best in next-day, on-time, regional shipping to all of our customers," said Jim Ferguson, vice president of sales and marketing for Holland.
J.B. Hunt Transport Services provides transportation and delivery services in the continental United States, Canada, and Mexico. The company reported record first quarter 2012 net earnings of $67.7 million, or diluted earnings per share of 57 cents vs. first quarter 2011 net earnings of $50.0 million, or 40 cents per diluted share.
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