This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Roadway below in the comments.

Once or twice a year, the family and I take a long, cross-country drive to one vacation spot or another. So when I heard that that the nickname of the freight hauler Roadway Express was "always on the Road and in the Way," I knew exactly what that meant. It never seems to fail: just as I'm about to catch up to a semi truck, it suddenly swings over into my lane, the passing lane, and then spends the next five to ten miles inching past a very slightly slower truck. In the meantime, I get a nice close-up view of the Yosemite Sam mud flaps, while impatient traffic builds up behind me.

According to their website, Roadway Express, now a division of YRC Worldwide Inc. (NASDAQ: YRCW) has been on the road and in the way since it was founded in 1930 by a pair of brothers hauling freight between Akron, Ohio, and St. Louis, Missouri. By the end of its first decade, it had offices in 22 cities and operating revenues of more than a million dollars. After the Interstate system was established, that expanded to 65 cities and more than $40 million in operating revenue from nearly 1,000 trucks. The company celebrated its 75th anniversary in 2005, and now delivers to all 50 states, Puerto Rico, Canada, and Mexico with more than 8,500 trucks.

Continue reading Company nicknames: Roadway is on the road and in the way

Company nicknames: Roadway is on the road and in the way originally appeared on BloggingStocks on Mon, 11 Aug 2008 06:10:00 EST. Please see our terms for use of feeds.

Goodrich (NYSE: GR), a supplier of components, systems and services to the commercial and general aviation airplane markets, is recently up $1.14 to $68.20 on unconfirmed takeover chatter. GR has market of $8.4 billion with long term debt of $1.7 billion. GR October 70 calls have traded 41 times on transaction volume of 884 contracts above its open interest of 449 contracts. GR October option implied volatility of 29 is above its 26-week average of 25 according to Track Data, suggesting larger price risk.

YRC Worldwide (NASDAQ: YRCW), a transportation holding company with brands including Yellow Transportation, Roadway, Reimer Express, Meridian IQ, New Penn, USF Holland and USF Reddaway, is recently up $0.45 to $28.25 on unconfirmed chatter Deutsche Post has made a $41 bid for YRCW. YRCW has a market cap of $1.5 billion with $903 million in long-term debt. YRCW call option volume of 5,697 contracts compares to put volume of 319 contracts. YRCW October option implied volatility of 45 is above its 26-week average of 34 according to Track Data, suggesting larger price risks.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Option update: Goodrich (GR) & YRC Worldwide (YRCW) call volume & volatility up originally appeared on BloggingStocks on Tue, 25 Sep 2007 11:16:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• JP Morgan upgraded Expedia (NASDAQ: EXPE) to Overweight from Neutral on expectations for U.S. bookings growth and margin stabilization.

• YRC Worldwide (NASDAQ: YRCW) was raised to Neutral from Underperform based on valuation.

• Fiserv (NASDAQ: FISV) was upgraded to Sector Outperformer from Sector Performer at CIBC following the CheckFree (CKFR) acquisition.

• Banc of America upgraded Citadel Broadcasting (NYSE: CDL), Cox Radio (NYSE: CXR) and Entercom Comm (NYSE: ETM) to Neutral from Sell as they believe it is time to cover short positions with the expected Q3 weakness likely priced into shares. They caution that this upgrade is not a buy signal as downside risk remains...

• Wachovia upgraded Cabela's (NYSE: CAB) and KBR Inc (NYSE: KBR) to Outperform from Market Perform.

• Baird raised Lear (NYSE: LEA) To Outperform from Neutral.

• Nokia (NYSE: NOK) was upgraded to Outperform from Neutral at Credit Suisse.

• Pacific Crest upgraded shares of eBay (NASDAQ: EBAY) to Outperform from Sector Perform.

Analyst upgrades: EBAY, EXPE, NOK and YRCW originally appeared on BloggingStocks on Fri, 03 Aug 2007 10:45:00 EST. Please see our terms for use of feeds.

FedEx cuts fuel surcharge 25% amid soaring energy prices originally appeared on BloggingStocks on Mon, 23 Jul 2007 14:05:00 EST. Please see our terms for use of feeds.

YRC Worldwide (NASDAQ: YRCW) -- implied volatility and call spike on LBO speculation.
YRCW, a transportation holding company with brands including Yellow Transportation, Roadway, Reimer Express, Meridian IQ, New Penn, USF Holland and USF Reddaway, is recently up $0.49 to $40.03 on LBO speculation. YRCW will be speaking at Merrill Lynch's Transportation Conference next week. YRCW has a market cap of $2.2 billion with $1 billion in debt. YRCW reported quarterly March 2007 revenue of $2.3 billion. YRCW call option volume of 6,382 contracts compares to put volume of 207 contracts. YRCW June option implied volatility is at 44, July is at 36 above its 26-week average of 32 according to Track Data, suggesting larger price risks.

Biomet (NASDAQ: BMET) -- implied volatility-risk increases into June 8th shareholder vote.
BMET a designer, manufacturer and marketer of joint replacement products announced on 12/18/06 a consortium including the Blackstone Group, Goldman Sachs and Kohlberg Kravis Roberts will purchase BMET for $44 a share in cash. Institutional Shareholder Services recommended BMET holders vote down the $10.9 billion private equity deal. BMET shareholders are to vote on 6/8/07. Indiana state law requires a 75% vote for the acquisition to be approved. BMET over all option implied volatility of 17 is above its 5-month average of 12 according to Track Data, suggesting larger risk.

Option volume leaders today are: Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG) and Wal-Mart (NYSE: WMT).

Daily Option Update is provided by Stock Options Specialist Paul Foster of theflyonthewall.com.

Option update 6-5-07: YRC Worldwide spikes on LBO speculation originally appeared on BloggingStocks on Tue, 05 Jun 2007 12:25:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Prudential started YRC Worldwide Inc (NASDAQ: YRCW) with an Underweight rating and $41 target. The firm said recent organizational changes could be a distraction in what it expects to be a challenging first-half of 2007.

• Susquehanna views Baidu.com Inc (NASDAQ: BIDU) as a strategic holding in its China portfolio and expects the company's massive brand value to drive continuous growth; shares were initiated at Susquehanna with a Positive rating.

• Oppenheimer initiated three e-commerce names today:
  
• eBay Inc (NASDAQ: EBAY) was initiated with a Buy rating and $38 target
• Overstock.com, Inc (NASDAQ: OSTK) and Amazon.com, Inc (NASDAQ: AMZN) were initiated with Neutral ratings.

• In addition to YRC Worldwide, Prudential initiated several companies in the transportation sector:
  
• Con-Way Inc (NYSE: CNW) was started with an Underweight rating and $47 target
  
• Canadian Pacific Railway (NYSE: CP) and Norfolk Southern (NYSE: NSC) were initiated with Overweight ratings
  
• Canadian National Railway (NYSE: CNI) was initiated with a Neutral rating and $47 target.

• Jefferies initiated Forest Oil Corp (NYSE: FST) with a Buy rating and $42 target.

• Citigroup believes aQuantive, Inc (NASDAQ: AQNT) will be one of the key beneficiaries of the strong secular growth in online advertising and they note that shares are trading in the lower half of its 52-week range; shares were initiated with a Buy rating and $33 target.

Analyst initiations 3-06-07: eBay, Amazon.com & YRC Worldwide initiated today originally appeared on BloggingStocks on Tue, 06 Mar 2007 11:17:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• YRC Worldwide Inc (NASDAQ: YRCW) was downgraded by Credit Suisse to Neutral from Outperform and to Underperform from Neutral at Baird, both citing valuation.

• AutoLiv Inc (NYSE: ALV) was downgraded to Sell from Hold at Citigroup with a $55 target to reflect North American production schedules concerns as well as the possibility of a slower-than-anticipated share buyback program.

• Chevron Corp (NYSE: CVX) was downgraded to Sell from Hold at Deutsche Bank with a $65 target, citing valuation.

• Pali Capital downgraded Warner Music Group Corp (NYSE: WMG) to Sell from Neutral, with a $19 target. The firm believes estimates are too aggressive and Warner shares are now overvalued.

• JP Morgan downgraded shares of Electronic Arts Inc (NASDAQ: ERTS) to Neutral from Overweight, citing valuation.

• Sanders Morris downgraded Playboy Enterprises (NYSE: PLA) to Hold from Buy, as they believe there is little visibility in the marketplace as to the timing of a Time Warner-based (TWX) SVOD agreement. The broker thinks management will issue below the consensus' 2007 guidance, or none at all, which they think will trigger bearish sentiment.

Analyst downgrades 2-05-07: YRC Worldwide downgraded on valuation originally appeared on BloggingStocks on Mon, 05 Feb 2007 10:59:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Goldman Sachs upgraded shares of Nokia Corp ADS (NYSE: NOK) to Buy from Neutral and added the company to their Conviction Buy List. Goldman believes Nokia's profit cycle has bottomed and shares could rebound from current levels. In addition, the broker expects Nokia to report solid fourth-quarter earnings.

• JP Morgan upgraded Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio Holdings 'A' (NASDAQ: XMSR) to Overweight from Neutral as they believe retail and competition fears are largely understood and that both companies will grow subscribers due to deals with automakers.

• Wachovia upgraded YRC Worldwide (NASDAQ: YRCW) to Outperform to Market Perform citing the trucker's recent realignment actions in its regional and long-haul LTL's, the timing cycle to buy trucking stocks and valuation.

• JP Morgan upgraded shares of FedEx Corp (NYSE: FDX) to Overweight from Neutral, citing valuation.

• Prudential upgraded Abercrombie & Fitch Co 'A' (NYSE: ANF) to Overweight from Neutral and raised their target to $89 from $66, citing valuation and easier comps.

Analyst upgrades 1-16-07: Nokia gets the call originally appeared on BloggingStocks on Tue, 16 Jan 2007 10:56:00 EST. Please see our terms for use of feeds.