John Kingston
Friday, December 16, 2022
Restructured 3PL Neovia gets higher but still troubled rating from S&P
3PL Neovia has a higher debt rating from S&P but it still has a significant debt load.
3PL Neovia has a higher debt rating from S&P but it still has a significant debt load.
3PL company Neovia has a new capital structure, but S&P Global Ratings still views it as having a large hill to climb.
Global 3PL Neovia Logistics Services recently announced plans to cut nearly 100 jobs at its Tannersville, Pennsylvania, facility on July 29.