Company earnings
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Roadrunner announces plans to delist from NYSE
Roadrunner seeks voluntary delisting from the NYSE as it continues its reorganization and focuses on asset-light offerings.
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In unusual move, Werner releases update on COVID-19’s impact on its business
Clear benefits in its truckload and dedicated divisions, but challenges in brokerage.
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Meritor plants idled and salaries cut in half temporarily
Truck component supplier Meritor idles plants and cuts base salaries up to 50% to save the ship from rough seas.
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P.A.M. Transportation lays off 75 employees, mostly nondrivers
P.A.M. Transportation says it has temporarily laid off approximately 75 employees as auto plant closures increase.
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J.B. Hunt drivers and support personnel to get bonuses during outbreak
J.B. Hunt announces $500 one-time bonus for drivers and field staff serving during COVID-19 pandemic.
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Morgan Stanley cuts estimates, upgrades transports to ‘in-line’
Morgan Stanley upgrades its freight transportation industry view from “cautious” to “in-line.” The firm lowered its earnings expectations for the group.
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Truck stop/rest stop update 2: TA says diesel volumes are “elevated”; PA turnpike plazas reopened
Limited food options in the new Pennsylvania opening, but better than zero.
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Truck stop/rest stop update: TA says diesel volumes are “elevated”
TA's CEO says it's a sign of supply chain "resilience."
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XPO ends bid to break up the company
Citing a deterioration in market conditions, XPO announces that it is no longer looking to spin-off its separate business units.
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BMO, big trucking industry lender, eyes steps to help borrowers
Canadian bank’s transportation portfolio already had been sagging.
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