Swiss broker UBS released a comprehensive 46-page note ahead of a call last week that nicely summed up the landscape for US transportation after all the main rail, asset-light, and integrated logistics players had reported their Q1 numbers.
Here are the some key highlights of the paper, for your perusal:
– The first quarter indicated a “meaningful difference in margin & cost performance”. UBS said that:
“While activity only began to fall off sharply the …

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Source: The Loadstar