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Morprop Transportation Property Review 04.11 Equipment Makers Soar
The long-awaited trucking recovery has delivered for the transportation manufacturing sector. Truck orders for Class 8 trucks hit a 5 year high in March with net orders up almost 160% y/y. Truck maker Daimler’s (manufacturer of Freightliner trucks) Q1 sales rose over 25% and profit tripled. Volvo recently announced that…
Morprop Transportation Property Review 04.11 YRCW Struggles Continue
YRCW announced that it has firmed up its restructuring plans, and investors ran for the doors. But the deal has some upside for the struggling LTL. YRCW, technically in default under its credit agreements, announced that it had fallen short of the goals it announced after it won additional concessions…
Morprop Transportation Property Review 04.11 Port Plans Adrift?
Canadian spending on 3PL space has more than doubled in the last 5 years, far outpacing real estate spending by 3PLs in the US, with port deconsolidation facilities leading the way. The trend might signal that land investments in US ports could start to pay off in the coming recovery….