Tag: Less than Truckload
Breaking News
Worst truckload linehaul data in 15 years may mark the bottom
April’s 20% year-over-year declines in Cass data may mark the bottom of the COVID-19 downturn. 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. Latest Intelligence
