Monday, July 23, 2007

Old Dominion, Saia fall on Bear Stearns downgrade

(Reuters) - The soft market has hit prices. Last week, LTL operator Con-way Inc. Chief Executive Doug Stotlar told Reuters that pricing has now bottomed out and should not worsen further in 2007.




But concerns over the pricing environment for LTL companies persist, which were reflected in the Bear Stearns decision to downgrade both Old Dominion and Saia to "underperform" from "peer perform."


Read more at Reuters.com Hot Stocks News

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