NEW YORK, NY -- (Marketwire) -- 01/25/13 -- Heading into 2013, a number of factors have combined to present a positive outlook for the Trucking Industry. The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index gained 3.7 percent in November, which was the first gain since July. Research Driven Investing examines investing opportunities in the Trucking Industry and provides equity research on Con Way Inc. (NYSE: CNW) and Swift Transportation Co. (NYSE: SWFT).
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Another measure of the strength of the trucking industry, FTR's Trucking Conditions Index, gained two full points in November to settle at a reading of 9.7. A reading above 10 suggests conditions such as volumes, prices, and margins are in a favorable range for trucking companies.
"We were forecasting an improved environment for trucking even before the agreement just reached to avoid the 'fiscal cliff.' There are still political hurdles to navigate in early 2013, but the agreement takes some of the uncertainty out of business plans. We'll keep monitoring the economy closely to look for any renewed softness in demand, but for now we believe capacity will tighten during 2013," Jonathan Starks, director of transportation analysis for FTR, commented.
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Con-way is a $5.3 billion freight transportation and logistics services company headquartered in Ann Arbor, Michigan. The company's Board of Directors has recently declared a quarterly dividend of $0.10 per share payable on March 15, 2013 to shareholders of record on February 15, 2013. Conway is scheduled to release 2012 fourth quarter and full year results before market open on February 6th.
Swift's suite of transportation solutions is unmatched in the industry, with 40 terminals across the U.S. and Mexico. As of December 31, 2011, the Company operated a tractor fleet of approximately 15,900 units, Shares of the company rose sharply Thursday after reporting a net income of $46.9 million in the fourth quarter, a year-over-year increase of 27 percent.
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