SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Aug 1, 2012) - Amidst a global economic slowdown the Trucking Industry has experienced a slow, but steady recovery in 2012. Recent numbers releases by the American Trucking Associations (ATA) showed that the industry saw their best month of the year in June. The Paragon Report examines investing opportunities in the Trucking Industry and provides equity research on Arkansas Best Corporation (NASDAQ: ABFS) and Swift Transportation Co. (NYSE: SWFT).
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The ATA's advance seasonally adjusted index of for-hire truck tonnage jumped 1.2 percent in June, the largest increase it has seen all year. The jump was unexpected following two consecutive months of declines in April and May, which saw the index fall a combined 2.1 percent. When compared to June 2011 the index showed a 3.2 percent increase, the smallest year-over-year gain since March 2012.
"June's increase was a pleasant surprise, but the lower year-over-year gain fits with an economy that has slowed," ATA Chief Economist Bob Costello said in a release. "Manufacturing output was strong in June, which helped tonnage levels."
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Arkansas Best Corporation is a diversified transportation holding company The Board of Directors of Arkansas Best has declared a quarterly cash dividend of three cents $0.03 per share to holders of record of its common stock, $0.01 par value, on August 3, 2012, payable on August 17, 2012.
Swift's terminal network has grown to over forty full service facilities in both the continental United States and Mexico. The company offers border crossing services at all major Mexican border crossings. Swift maintains a presence in every Canadian province each day. Swift is unquestionably the largest truckload motor carrier in the world.
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