Successful Acquisitions, Awards, Quarterly Results - Research Report on YRC Worldwide, Arkansas Best, Swift Transportation, Quality Distribution, and Old Dominion Freight Line

NEW YORK, August 23, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting YRC Worldwide Inc. (NASDAQ: YRCW), Arkansas Best Corporation (NASDAQ: ABFS), Swift Transportation Company (NYSE: SWFT), Quality Distribution Inc. (NASDAQ: QLTY), and Old Dominion Freight Line Inc. (NASDAQ: ODFL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

YRC Worldwide Inc. Research Report

On August 7, 2013, YRC Worldwide Inc. (YRC Worldwide) declared its Q2 2013 financial results. Consolidated operating revenue stood at $1.2 billion, a decline of 0.7% YoY. Consolidated operating income slightly declined from $15.5 million in Q2 2012 to $14.3 million in Q2 2013. The Company also reported (on a non-GAAP basis) adjusted EBITDA of $74.7 million for Q2 2013, indicating an improvement of $4.6 million over the $70.1 million adjusted EBITDA reported in Q2 2012. Commenting on the results, YRC Worldwide CEO James Welch stated, "As we move through 2013, we continue to make steady progress on our long-term objective of regaining a leadership position in the LTL industry. We recorded a one-time charge of $6.3 million related to the network optimization, which is a small investment in what we anticipate will be approximately $25 to $30 million in annual savings." The Full Research Report on YRC Worldwide Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/YRCW ]

--

Arkansas Best Corporation Research Report

On August 9, 2013, Arkansas Best Corporation (Arkansas Best) declared its Q2 2013 results. Operating revenues were up 13% YoY to $576.9 million in Q2 2013 from $510.5 million in Q2 2012. Net income stood at $4.9 million, or $0.18 per diluted share, in Q2 2013, compared to $11.8 million, or $0.44 per diluted share, in Q2 2012. Commenting on the results, Judy R. McReynolds, Arkansas Best President and Chief Executive Officer, said, "We achieved a major milestone for our company in recent weeks with the ratification of a national five-year labor contract at ABF and most supplemental agreements. We expect to obtain employee ratification of all remaining supplements in the coming weeks. As our customers look to us for total solutions to their complex supply chain needs, we are now better positioned than at any time in our history to fulfill those requirements." The Full Research Report on Arkansas Best Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/ABFS ]

--

Swift Transportation Company Research Report

On August 6, 2013, Swift Transportation Company (Swift) reported that it has successfully acquired privately held Central Refrigerated Transportation, Inc. (Central) in a transaction valued at $225 million, with an estimated $189 million in cash and $36 million of assumed capital lease obligations and other financial debt. William Post, Swift's Special Committee Chairman, commented, "We are pleased to be acquiring a growing and profitable business at an attractive valuation, diversifying our suite of services.  This acquisition will allow Swift to be an immediate player in the over-the-road temperature controlled market." Richard Stocking, Swift's President and Chief Operating Officer, added, "It makes perfect sense for Swift and Central to combine their businesses at this time.  Our customers are looking for comprehensive solutions to their transportation needs and this combination will enable us to better serve them." The Full Research Report on Swift Transportation Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/SWFT ]

--

Quality Distribution Inc. Research Report

On August 8, 2013, Quality Distribution Inc. (Quality Distribution) reported that a previously announced underwritten secondary offering of 4.3 million shares of its common stock by certain stockholders of Quality (the Selling Stockholders), along with funds associated with Apollo Global Management, LLC, priced at $8.60 per share value, wherein underwriters have been granted an option to purchase up to 426,974 shares of additional common stock by the Selling Stockholders. Serving as joint book-running managers for the offering are BofA Merrill Lynch, Goldman, Sachs & Co. and J.P. Morgan Securities LLC. SunTrust Robinson Humphrey, Inc., BB&T Capital Markets, RBC Capital Markets, LLC and Avondale Partners, LLC will be the co-managers for the offering. The Full Research Report on Quality Distribution Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/QLTY ]

--

Old Dominion Freight Line Inc. Research Report

On August 6, 2013, Old Dominion Freight Line Inc. (Old Dominion) announced that it has recently received Logistics Management magazine's "2013 Quest for Quality Award" in both the Expedited Motor Carriers and Multiregional LTL categories. David Congdon, Old Dominion's President and CEO, commented, "For several years now, Logistics Management readers have rated their experiences with Old Dominion extremely favorably. This kind of positive feedback from our customers motivates us to uphold our commitment to offering a premium service and reaffirms the OD family's tireless dedication to helping the world keep promises." The Full Research Report on Old Dominion Freight Line Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/ODFL ]

----

EDITOR NOTES:

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
5. For any urgent concerns or inquiries, please contact us at [email protected].
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

SOURCE Investors' Reports