Volumes shrink for YRC Worldwide, other trucking companies - Kansas City Business Journal:

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Compared with the prior-year period, April truck tonnages fell 13.2 percent, the largest drop in 13 the ATA said. “While most key economic indicatords are decreasing at aslower rate, the year-over-year contractionsd in truck tonnage accelerated becauser businesses are right-sizing their inventories, which means fewer truck shipments,” ATA Chief Economist Bob Costello said in the “The absolute dollar value of inventories has fallen, but salews have decreased as much or more, which mean s that inventories are still too high for the current level of sales.
Until this correctiojn is complete, freight will be tough for motor His prediction that the bottom may not come for a few more monthes bodes poorly for companies such asOverlandf Park-based YRC (Nasdaq: YRCW), which lost $257.4 million in the firsr quarter and has been laying off workers and selling property. Many trucking companies have closec their doors in a freight recession that has lastedc more than two Longbow Research analyst Lee Klaskoqw recently hosted a conference callwith Costello, who said truckin g will not be a leading economic indicatot as in the past but may be a laggingt indicator this time, accordingh to a Thursday note.
“If the truckingg industry is in fact notan early-cycle secto r this time around, then the markeft has gotten ahead of itself and truckingv stocks should be due for a in our view,” Klaskow Around 2:30 p.m. YRC shares were trading at $2.53, down about 2 A year ago, YRC shares closed at YRC ranks No. 2 on the Kansaws City BusinessJournal ’s list of area public