TPM: Declining shipments will drive consolidation in US LTL sector
A gloomy outlook for demand and rates in the US trucking market will drive consolidation ...
“In the fourth quarter, we delivered record total and operating revenue, driven by continued favorable outsourcing trends. Our earnings reflect the impact of the previously announced vehicle residual value estimate change. Comparable EPS in the fourth quarter was at the lower end of our forecast range, reflecting a modest increase in the depreciation impact of the vehicle residual value estimate change. As anticipated, the impact in the fourth quarter was less than in the prior quarter and is expected to ...
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