Trucker Take A Hit As YRC Worldwide (YRCW) Looks To Survival (CNW, ABFS, ODFL, more...)

A number of truckers are under pressure today following news that YRC Worldwide Inc. (Nasdaq: YRCW)was successful with its previously announced debt-for-equity exchange offers which could stave off bankruptcy.

The news is being viewed as a negative for the group as it will keep capacity in the system and depress pricing.

Con-way Inc. (NYSE: CNW) -8.6%
Arkansas Best Corporation (Nasdaq: ABFS) -8.3%
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) -8%
J.B. Hunt Transport (Nasdaq: JBHT) -2%
Landstar System, Inc. (Nasdaq: LSTR) -1.8%
Knight Trans (NYSE: KNX) -1.7%
Werner Enterprises, Inc. (Nasdaq: WERN) 1.3%

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