Analyst Lee Klaskow said Swift, which was taken private last year by founder Jerry Moyes, likely is most at-risk in the current shaky markets. Additionally, Klaskow said YRC has a great deal of execution risk in its planned investments and by combining subsidiaries Yellow Transportation and Roadway.
"Management has promised a lot and not delivered that much," Klaskow said of YRC.
Comparatively, Klaskow said that LTL carriers ABF Freight Systems and Con-way are "in good shape" as far as their debt and associated risk levels.
As for truckload carriers, Klaskow said that J.B. Hunt Transport services is highly leveraged compared to others, but that Knight Transportation and Heartland Express both are in good position with strong balance sheets.
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