Reported 3 days ago
PS Logistics, a flatbed transportation and logistics company, has maintained its debt rating at B2 by Moody’s despite a challenging freight market. The company has made several acquisitions recently, increasing its operational capabilities, but Moody’s cited concerns about moderately high financial leverage and ongoing capital needs. Revenue for the past year was around $1.6 billion, with expectations for improved profitability and free cash flow positivity in 2025. The company's unique driver pay structure and a relatively young fleet are seen as factors that could help stabilize its performance in the future.
Source: YAHOO