Lineage says tariffs hit Q1 revenue, announces $1B deal with Tyson Foods

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Tariffs are creating uncertainty in the global food production chain, causing shippers to pause or delay major decisions, officials at Lineage Inc. said in announcing their first-quarter financial results.

The Novi, Michigan-based global cold storage warehouse operator released results Wednesday before the market opened and held a call with analysts to discuss quarterly earnings.

“It’s just the unknown and the uncertainty of the tariffs,” President and CEO Greg Lehmkuhl said on the call. “We’re...

https://www.freightwaves.com/news/lineage-says-tariffs-hit-q1-revenue-announces-1b-deal-with-tyson-foods

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