EarningsThe near-term outlook for the shares is clouded by elevated expectations around second half earnings, which creates earnings risk.
RevenueAugust Less-than-Truckload (LTL) Revenues/Day declined by 5.2% year-over-year, reversing from a positive 4.6% in July, indicating continued softness in the economy.
TonnageTonnage trends were below previous forecasts with August LTL Tons/Day declining by 6.1% year-over-year, reflecting sub-seasonal demand.