Tag: Friday
Cervus reports jump in Canada truck sales, warns of coronavirus slump
Cervus Equipment’s Peterbilt dealerships had a strong first quarter, but the company says it expects COVID-19 will hit short-term demand. Speculation on YRC’s survival ramps up
Stifel’s David Ross announces that he is suspending his rating and estimates on YRC Worldwide and questions the company’s ability to survive. YRC management avoids questions following earnings beat
YRC beats expectations with the benefit of outsized gains on sales. Noting volumes were down 24% in April, management says it likely won’t satisfy debt covenants into 2021 and it opts out of questions on its call. Capesize shipping rates sink 21% in a single day
The dry bulk market is getting hammered again — not a positive signal on the global economy. Latest Intelligence
