YRC, one of the largest less-than-truckload carriers, wheezes under the strain.
“There has been a clear divide between winners and losers.”
Its debt surged to fund the share buybacks. And truckers ate its lunch. But don’t tell any of this to the “market.”
“Give Me a Growing Environment, It’s Easier to Run the Railroad”: CSX CEO
Why is this happening?
Efforts to frontrun tariffs was part of it. But now, there’s more to it.
The hangover after the tariff-front-run boom last year.
What US Freight Shipments and Pricing Say About the Slowdown.
For Trucking and Railroads, it’s Hangover Time.
US freight shipments fall for 7th month in a row. After the boom, the bust.