Last month the American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index declined 0.4 percent in July, breaking a streak of two consecutive months of gains. The small decline was not surprising to ATA Chief Economist Bob Costello as he believed the decline corresponded with July’s drop in manufacturing output. "Despite the small reprieve in July, we expect solid tonnage numbers during the second half of the year as sectors that generate heavy freight, like oil and gas and autos, continue with robust growth," Costello explained.
Arkansas Best Corporation (NASDAQ: ABFS) shares traded in the range of $25.80 to $26.49 Tuesday before settling to close at $26.36, an increase of 1.03 percent. The stock appears to be facing some resistance at the $27.45 and $28.22 levels with some support at $25.34. Shares of Arkansas Best have gained approximately 175.0 percent in 2013.
More information on Arkansas Best and access to the free equity report can be found at:
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) shares traded in the range of $74.02 to $75.00 Tuesday before settling to close at $74.99, an increase of 1.81 percent. The stock appears to be facing some resistance at the $75.52 and $76.14 levels with some support at $74.77. Shares of J.B. Hunt have gained approximately 25.0 percent in 2013.
More information on J.B. Hunt and access to the free equity report can be found at:
Old Dominion Freight Line (NASDAQ: ODFL) shares traded in the range of $45.04 to $46.00 Tuesday before settling to close at $45.99, an increase of 2.31 percent. The stock appears to be facing some resistance at $47.43 with some support at the $44.81 and $43.52 levels. Shares of Old Dominion Freight Line have gained approximately 38.0 percent in 2013.
More information on Old Dominion Freight Line and access to the free equity report can be found at:
YRC Worldwide, Inc. (NASDAQ: YRCW) shares traded in the range of $18.11 to $21.87 Tuesday before settling to close at $20.95, an increase of 17.83 percent. The stock appears to be facing some resistance at the $21.32 and $22.89 levels with some support at $18.22. Shares of YRC Worldwide have gained approximately 210.0 percent in 2013.
More information on YRC Worldwide and access to the free equity report can be found at:
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