May's Top-Rated Stock Mutual Funds (at TheStreet.com)

Trucking industry group spent $418K lobbying in 1Q (AP)
The trucking industry's trade group spent more than $418,000 lobbying in the first quarter on a variety of energy, transportation and environmental issues, according to a recent disclosure report.

Ahead of the Bell: Old Dominion, Con-Way upgraded (AP)
Trucking companies will soon see conditions improve as prices catch up to rising costs and other pressures, an analyst said Friday, upgrading shares of several companies in the sector.

Knight Transportation, Inc. Announces Participation in Merrill Lynch Global Transportation Conference (Business Wire)

Knight Transportation, Inc. Announces Participation in William Blair & Company's 28th Annual Growth Stock Conference (Business Wire)

DOT says freight activity gained slightly in April (AP)
Freight activity edged marginally higher in April and a passenger index also rose, according to government data released Wednesday.

Market Spotlight: Trucking (AP)
As unprecedented fuel prices and still-weak demand drive capacity reductions and bankruptcies across the trucking industry, analysts suggest the market needs to shrink even more to improve the outlook for remaining players.

Legendary Fund Sequoia Opens to New Investors After Making Big Moves in Q1 (Indie Research)
There are silver linings to every market downturn.

Freight trade with NAFTA partners rose in March (AP)
Trade via trucks, trains and pipelines between the U.S. and its North American Free Trade Agreement partners rose by 1.5 percent in March compared with the same month last year, according to Transportation Department data.

Why Watching Bankruptcies Can Help Stock Performance (at Seeking Alpha)

KNIGHT TRANSPORTATION INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (EDGAR Online)

KNIGHT TRANSPORTATION INC Financials (EDGAR Online Financials)

Knight Transportation rises on upgrade to 'Outperform' (AP)
Shares of Knight Transportation Inc. rose Tuesday after a Wachovia analyst upgraded the stock but voiced growing pessimism about the U.S. economy and other trucking stocks.

Movers roundup: Citizens, Applied Materials (AP)
Shares of Citizens Communications Co. jumped Monday after an analyst upgraded the stock, saying it could be a buyout candidate and may benefit from potential consolidation among rural local exchange carriers.

Knight Transportation increases quarterly dividend (AP)
Trucking company Knight Transportation Inc. said Tuesday its board has increased its quarterly dividend to 4 cents from 3 cents.

Knight Transportation Announces Increased Quarterly Cash Dividend (Business Wire)
PHOENIX----Knight Transportation, Inc. announced today that its Board of Directors has declared an increase of the company's quarterly cash dividend to $0.04 per share of common stock.

Knight Transportation upgraded by Wachovia (Briefing.com)

Choo-Choo-Choose Railroads in Transportation (at Seeking Alpha)

Sector Snap: Truckers slide after carrier closes (AP)
Trucking stocks slid Tuesday, after a less-than-truckload carrier said it will close its doors, citing high fuel costs, tight credit markets and the overall economic downturn.

DOT says freight activity fell in March (AP)
Freight activity fell in March while a passenger index rose, according to government data released Wednesday. The Transportation Department's Bureau of Transportation Statistics said its freight transportation services index, which measures changes in the output of services by the railroad, air freight and trucking industries, was 109.4 in March, 0.4 percent lower than the same month last year.