company earnings
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News
Roadrunner unloads another unit, sells Stagecoach Cartage
Roadrunner Transportation Systems announces the sale of another business unit, this time unloading Stagecoach Cartage and Distribution.
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Hub Group pulls earnings outlook, builds cash position
Hub Group joins other transportation companies in accessing revolving credit to improve liquidity.
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ArcBest draws down credit facility, warns of further declines
ArcBest battens the hatches on coronavirus concerns. The company draws down available credit and implements business continuity plan.
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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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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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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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Stifel sees decent volumes near term, 2Q in jeopardy
Stifel Financial sees an OK first quarter, but the picture gets less clear after that, with risks to second-quarter earnings estimates.
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Stifel sees supply chain disruption through summer
Stifel Financial’s conference call with industry executives forecasts supply chain disruption extending to July or longer.
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Cass data weak in February, truckload recovery expectations pushing outward
Virus-related demand headwinds bring fresh declines in February Cass data. Visibility into a potential trucking recovery is further clouded.
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Daseke sees flatbed softness continuing through first half of 2020
Daseke expects weakness in the industrial markets and oil and gas sectors to persist. Management said the environment was sequentially weaker in the first quarter.
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