(Source: Wolf Street, May 14, 2019)
NEW YORK — It has become a cacophony across earnings reports by trucking companies and railroads: Shipment volumes are declining, and revenues are propped up by higher freight rates, but now freight rates are coming under pressure too, as companies are getting more aggressive to pick up shipments. The latest two to report were YRC Worldwide, one of the largest truckers in the U.S., and BNSF Railway. Before them, it was J.B. Hunt and others.
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