Updated Outlooks, MOU Changes, Public Offerings, Conference Calls, and New Appointments - Research Report on Old Dominion, YRC Worldwide, Golar LNG, Landstar and Con-way
NEW YORK, December 12, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Old Dominion Freight Line Inc. (NASDAQ: ODFL), YRC Worldwide Inc. (NASDAQ: YRCW), Golar LNG Ltd. (NASDAQ: GLNG), Landstar System Inc. (NASDAQ: LSTR) and Con-way Inc. (NYSE: CNW). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Old Dominion Freight Line Inc. Research Report
On December 3, 2013, Old Dominion Freight Line Inc. (Old Dominion) reported that it has updated its growth expectations for Q4 2013 as compared with Q4 2012. The Company stated that it anticipates a 9.5% to 10.0% growth in tons per day for the quarter, versus the previous expected range of 9.0% to 10.0%. Old Dominion informed that tons per day increased at a rate of 8.5% and 10.3% for October and November 2013, respectively as compared to October and November 2012. The Company added that it expects its revenue per hundredweight, excluding fuel surcharges, to grow in a range of 1.5% to 2.0%, versus the previous expected range of 1.5% to 2.5%. David S. Congdon, President and CEO of Old Dominion, stated, "Old Dominion has continued to produce solid revenue growth in the fourth quarter of 2013 through a combination of increased tons and yield. We believe our growth in October and November was the result of increased market share while also maintaining our core pricing philosophy. Our updated guidance for revenue per hundredweight, excluding fuel surcharges, reflects changes to the mix of our freight that can lower this metric." 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.analystscorner.com/r/full_research_report/e93c_ODFL
YRC Worldwide Inc. Research Report
On December 6, 2013, YRC Worldwide Inc. (YRC Worldwide) announced the approval of the local union leaders of the International Brotherhood of Teamsters (IBT) for sending Company's proposed changes to the current Memorandum of Understanding (MOU) to its 26,000 YRCW members for a vote. The company stated that it expects IBT to mail the requisite ballots early next week and collect and count the results on January 8, 2014. YRC Worldwide added that the proposal will not reduce wages, health or pension contributions for current employees. 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.analystscorner.com/r/full_research_report/3149_YRCW
Golar LNG Ltd. Research Report
On December 5, 2013, Golar LNG Limited (Golar) announced that it is offering 3.4 million common units, representing limited partner interests in Golar LNG Partners LP (Golar Partners), as a selling unitholder in the public offering announced by Golar Partners on December 5, 2013. According to the Company, Golar Partners also plans to offer 5.1 million of its common units in the offering and Golar Partners's general partner, Golar GP LLC, intends to maintain its 2% general partner interest by subscribing to the newly issued units. Golar stated that it intends to use the proceeds from the offering of the common units of Golar Partners to create liquidity which potentially can be utilized for offering its floating LNG production business. The Full Research Report on Golar LNG Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/37b1_GLNG
Landstar System Inc. Research Report
On December 2, 2013, Landstar System Inc. (Landstar) announced that it has scheduled a live webcast of its mid-quarter conference call for Q4 2013 on December 13, 2013 at 2:00 p.m. ET. The Company informed that the webcast will be available at its website under Investor Relations section. The Full Research Report on Landstar System Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/9ff1_LSTR
Con-way Inc. Research Report
On November 26, 2013, Menlo Worldwide Logistics (Menlo), global logistics subsidiary of Con-way Inc. (Con-way), announced the appointment of Michael Lim as the Business Development Director for its operations in South Asia. The Company stated that in his new role, Mr. Lim will be responsible for the management of industry group accounts and supervision of all new business development aspects within specific industry vertical segments, and will be located at Menlo's Singapore office. Desmond Chan, Managing Director for South Asia, Menlo, commented, "Michael brings more than 20 years of logistics experience to Menlo, having designed and managed projects throughout Asia in his previous roles. Michael's proven expertise and vast industry knowledge will support our continued growth in South Asia, and we are proud to have him as part of our team." The Full Research Report on Con-way Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/1784_CNW
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