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Stock impact report

At STB, rail shippers reveal preference for trucks [Yahoo! Finance]

Hawkins, Inc. (HWKN) 
US:NASDAQ Investor Relations: hawkinsinc.com/investors
Company Research Source: Yahoo! Finance
Their testimony, along with that of railroads, unions, industry consultants and others has been filed with STB ahead of a two-day hearing at the agency next week over concerns about the railroads' ability to continue to grow their business. “The deteriorating rail service members have experienced for decades makes it exceedingly difficult for shippers to do business with railroads as they are at risk of losing customers if they cannot provide them with reliable shipments,” said Richard Erstad, VP and general counsel for chemical manufacturer Hawkins Inc., in comments filed on behalf of the Alliance for Chemical Distribution. “This is even more impactful for small rail customers who can have their entire operation disrupted if just one car is severely delayed.” Such factors, Erstad stated, contribute to “shippers being reluctant to utilize freight rail and more willing to use trucking because of its far superior reliability despite its worse safety record.” The Private Railcar F Show less Read more
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