The railcar manufacturer sustained a net loss of $10 million in its fiscal-year first quarter, but it’s eyeing a market recovery in the second half of 2021.
In terms of financial results for the Class I railroads in 2020, it could get worse before it gets better, according to several Wall Street analysts.
The Eastern U.S. railroad joins CSX and Union Pacific in warning the Securities and Exchange Commission that it could see potential operational and financial impacts because of the COVID-19 pandemic.
Bottom line comes in light. Investors wary to unimpressed.
Retail rebounded from a disappointing February in March, with the growth rate climbing from 2.2 percent to 3.6 percent year-over-year. It was one of the strongest rebounds seen in the retail sector since mid-2017.
Green shoots: reefer capacity is tightening in south Florida, south Texas, and southern California.
