Mon, Apr. 27, 3:02 PM
- Trucking stocks are notably weak today with several analyst downgrades out in the sector.
- Knight Transportation (KNX -4%) received one of the harsher actions with Wolfe Research downgrading the stock to an Underperform rating.
- Other analysts cite apprehension in the sector into key earnings reports.
- Trucking decliners: Celadon Group (CGI -3.2%), Swift Transportation (SWFT -2.8%), Heartland Express (HTLD -2.9%), Werner Enterprises (WERN -6.9%), USA Truck (USAK -6.4%), P.A.M. Transportation (PTSI -4.9%), Roadrunner Transportation Systems (RRTS -2%).
Apr. 15, 2013, 12:53 PMA tough day for the trucking sector with Swift Transportation (SWFT -8.1%) leading the downward fall. The gloom is tied to a reading of the Internet Truckstop's Market Demand Index which showed a 21% sequential fall in demand for trucks. Decliners: J.B Hunt Transportation (JBHT) -1.8%, Celadon Group(CGI) -4.2%, Marten Transport (MRTN) -3.8%, Heartland Express (HTLD) -1.1%, Knight Transportation (KNX) -1.4%. | 1 Comment
Jan. 24, 2013, 10:52 AMSwift Transportation (SWFT +22.4%) jets higher after the company saw its Q4 profits soar past the estimate of analysts. A note in its report that it will increase capital expenditure spending by 43% this year bodes well for the trucking sector (JBHT, KNX, UACL, WERN, MRTN, CGI, HTLD), says Stephanie Link. | Comment!
Oct. 8, 2012, 9:26 AM
Oct. 11, 2011, 3:41 PMUSA Truck (USAK +20.5%) responds to Celadon's (CGI +4.8%) SEC filing in connection to an acquisition bid for the truckload carrier: "Our board of directors will evaluate Celadon's 13D filing in due course." Possible translation: With our stock down 25% YTD, we are thrilled with the offer. | Comment!
Oct. 11, 2011, 3:17 PMTrucker Celadon Group (CGI +4.8%) reports a 6.29% stake in USA Truck (USAK +20.2%), and says it's interested in buying its smaller rival. In an SEC filing, Celadon said it recently asked to meet USAK management to discuss a possible association between the companies, potentially including a combination of the two. | Comment!
CGI vs. ETF Alternatives
Celadon Group Inc, through its subsidiaries, provides truckload transportation services between United States, Canada and Mexico. It offers services such as long-haul, regional, dedicated, less-than-truckload, intermodal and logistics services.
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