NEW YORK, NY -- (Marketwire) -- 06/13/12 -- The Trucking Industry has experienced a strong recovery in 2012, as fewer trucking companies have failed in the first quarter of 2012 than in recent years. Companies who have survived the recent recession will be well-positioned to profit going forward. The Paragon Report examines investing opportunities in the Trucking Industry and provides equity research on Arkansas Best Corporation (NASDAQ: ABFS) and Old Dominion Freight Line (NASDAQ: ODFL).
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According to Avondale Partners analysts "failures report" in the first quarter of 2012 there were only 160 companies with an average fleet of 13 trucks that went under, compared with 295 failures in first quarter 2011.
"Almost by definition, if a trucking company made it through the last couple of years of turmoil in the macro economy, industry marketplace and regulatory environment, it is a result of being fairly well capitalized and fairly well operated," the analysts said. "Or put another way, if they made it this far through the tough times, then they can make it through easier times."
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Arkansas Best Corporation is a diversified transportation holding company headquartered in Fort Smith, Arkansas. Through its motor carrier subsidiary, Arkansas Best provides national transportation of less-than-truckload (LTL) general commodities throughout North America. Another subsidiary offers road rescue service for matching commercial fleet repair needs with appropriate repair vendors.
Old Dominion Freight Line is a national less-than-truckload motor carrier providing one-to-five day service among six regions in the United States and next-day and second-day service within these regions. The company has been named one of America's 100 Most Trustworthy Companies by Forbes magazine. The annual recognition is awarded to publicly traded corporations that have consistently demonstrated transparent, conservative accounting practices and solid corporate governance and management.
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