NEW YORK (TheStreet) -- Covenant Transportation Group (CVTI), Quality Distribution (QLTY) and Standard Parking (STAN) are among 10 stocks that have upside potential of 7% to 35%, as per analysts polled by Bloomberg.Industrial production in the U.S. is expected to increase by more than 3% in 2011, improving the earnings outlook for intermodal traffic comprising of containers and trailers. On a year-to-date basis, auto data for the U.S. showed a 30% jump in light truck sales, positioning surface transport on strong ground, after the gloom in 2009. As per the American Trucking Association (ATA), seasonally adjusted (SA) for-hire truck tonnage index was up 2.2% in December 2010, pushing the SA index to 111.6 -- the highest since September 2008. Furthermore, ATA chief economist expects truck freight tonnage to grow modestly during the first half of 2011 and accelerate in the latter half of the year into 2012.
10. Landstar System ( LSTR) provides freight transportation services and supply chain solutions. The company operates in two segments: Transportation logistics and Insurance. The company has cross-border operations -- U.S-Canada and U.S-Canada- Mexico, and to a smaller extent in other countries worldwide. For 2010 fourth quarter, the company reported net income of $24.1 million, compared to $18.6 million during the same quarter a year-ago. Revenue for the quarter increased to $587.5 million from $547.7 million in the fourth quarter of 2009. For full-year 2010, revenue and net income were up 19.5% and 23.8% respectively. With the trucking industry gaining momentum in 2010 and demand volume growing, trucker companies are likely to benefit significantly in 2011. Moreover, as per the U.S. Bureau of Economic Analysis, the trucking industry contributes about 5% to GDP each year. Of the 22 analysts covering the stock, 73% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 7.2% to $48.6 in value from current levels.