M&A radar: Let the good logistics times roll – CAI $2.9bn takeover
It gets better with each passing day.
PRESS RELEASE
– Expects 4Q20 operating income for Ocean Transportation to be $100.0 to $105.0 million vs. $17.8 million in 4Q19
– Expects 4Q20 operating income for Logistics to be $8.0 to $9.0 million vs. $7.6 million in 4Q19
– Expects 4Q20 net income and diluted EPS to be $76.1 to $81.6 million and $1.74 to $1.87, respectively
– Year-over-year increase in consolidated operating income driven primarily by China service strength
– Leverage ...
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