Finally in the shop today, harness/wiring had burnt/shorted for the bunk AC. Steering had a leaking shock (I never saw any sign of a leak myself), and needs an alignment done. Hoping to have the truck late tomorrow/ first thing Saturday.
What if it Snows?
Discussion in 'Questions From New Drivers' started by Dave_in_AZ, Mar 19, 2018.
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Who here is into stocks?
YELLOW STOCK PLUNGES ALMOST 30% IN A SINGLE DAY FROM $9.56 per share at close yesterday to $6.50 per share at close today (Thursday 05/06/21)
From Fool.com
Why Yellow Corp. Stock Is Plunging Today
Quarterly results for the trucking company came in well below expectations.
Lou Whiteman
(TMFeldoubleu)
May 6, 2021 at 11:45AM
Author Bio
What happened
Shares of Yellow Corp. (NASDAQ:YELL) drove off a cliff on Thursday, with the stock falling by nearly 30% after the trucking company reported underwhelming quarterly results.
On Wednesday evening, Yellow reported a first-quarter loss of $1.26 per share, well below the $0.64 consensus despite generating revenue that, at $1.2 billion, was slightly better than expectations. The company blamed winter weather, saying bad storms had a $16 million negative impact on operating income.
"The severe winter weather, including a generational storm in the southern United States, significantly impacted our first quarter results," Yellow CEO Darren Hawkins said in a statement. "In February, roughly two-thirds of the 322 terminals in our network were either closed or had limited operations for some period. Our line-haul operations were also impacted by suspended service at various times."
Different trucking companies have exposure to different areas, but the results stood in stark contrast to the estimate-beating quarters posted by truckers including J.B. Hunt Transport Services and USA Truck. More broadly, transportation and logistics companies have been reporting strong demand and pricing trends, likely contributing to the market's disappointment with Yellow's results.
Now what
With the weather impact now in the rearview mirror, Hawkins said he is optimistic about the quarters ahead. Capacity is tight, he said, driven by an improving economy and consumer optimism. Yellow is increasing driver recruitment and hiring in anticipation of growing demand, and during the quarter took delivery on more than 1,100 tractors, 1,600 trailers, and 140 containers.
It all sounds good, but Yellow has been a chronic underperformer in recent years that is only now starting to show signs of stabilizing and getting back on the road. Based on Thursday's stock reaction, investors are taking a wait-and-see approach instead of buying in on the optimistic talk.
So Yellow is using the winter as an excuse? But what about the other big LTL companies whose profits and earnings have EXCEEDED expectations and have been absolutely booming during the 1st quarter or 2021? Did those other LTL companies not have to deal with the same winter weather that Yellow had to deal with?
So what do you think everybody? Is Yellow a buy, should we buy the dip now? Or is Yellow going back to the $2-$4 stock price range?JolliRoger, Dale thompson, LoSt_AgAiN and 3 others Thank this. -
Last edited: May 6, 2021
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I love a woodstove, I'm cutting up wood today for next Winter, usually burn about 5 1/2 cords.
Soon be going back to work for another Season. I have 3 mth's a year off so is a good time to get the firewood cut and split.dwells40, Dale thompson, Cattleman84 and 6 others Thank this. -
ODFL operated at a 84.
XPO did about the same.
YRC is a really bad dumpster fire that should have been put out years agoInTooDeep, Dale thompson, lovesthedrive and 3 others Thank this. -
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