America's freight recession is showing no signs of ending [Business Insider]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Business Insider
The situation is indicative of a broader US freight recession that's showing few signs of abating. The freight industry is still rolling through a recessionary downturn, and more time is needed for the sector to kick into higher gear. The latest example of the industry's struggles came on Monday, when S&P Global Ratings cut to negative its outlook on Accuride, a commercial-truck-parts manufacturer. The agency cited weak sales and negative free operating cash flow as reasons the company is at risk at default next year. The agency specified that tractor and trailer production will see limited demand into 2025, noting that Accuride's low sales are fueled by persistent challenges in the industry. Related stories "The freight environment remains depressed, which will leave credit metrics weak over the next two years," the report said. "Freight market conditions have remained much weaker than our previous expectations and underpin the reduction in our earnings and cash flow estim
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SPGI
Earnings
- 4/26/24 - Miss
SPGI
Sec Filings
- 6/27/24 - Form 8-K
- 6/26/24 - Form 11-K
- 6/17/24 - Form 4
- SPGI's page on the SEC website