Stephens Inc.

Trucking heads see extended runway for demand

Werner truck on highway

Management from some of the nation’s largest truckload (TL) carriers are having a tough time distinguishing between peak season and the new normal in a COVID world.

Commenting at the Stephens Annual Investment Conference this week, Werner Enterprises (NASDAQ: WERN) CEO Derek Leathers said peak season ramped sooner than normal this year, starting from a much higher volume base. He noted retailers were “pulling forward everything they could get their hands on” earlier this year, which has created...

https://s29755.pcdn.co/news/trucking-heads-see-extended-runway-for-demand

Kirby implements coronavirus response plan

Photo by David Krapf

Kirby Corp., the nation’s largest inland and coastal tank barge line, has implemented an emergency plan to with deal the coronavirus crisis.

The Houston-based operator says its inland barge business is well-positioned financially to weather economic shocks caused by the pandemic.

Seeking to soothe concerns of investors, CEO and President David Grzebinski said during a webcast on Monday that “Kirby has extensive well-planned and detailed response plans for events such as waterway emergencies,...

https://www.workboat.com/news/coastal-inland-waterways/kirby-implements-coronavirus-response-plan/