Overview
- Shares have rebounded nearly 30% over three months after a steep slide since 2022, leaving the dividend yield near 6.1%.
- Management is exiting low-margin lines, cutting low-yield Amazon volume, and modernizing its network to prioritize profitability.
- In Q3 FY2025, U.S. average daily volumes fell about 12% while revenue declined roughly 2.6% year over year, and margins improved.
- Exposure to Amazon has been deliberately reduced to support margins, though the e-commerce company remains a significant customer.
- Healthcare logistics is emerging as a growth driver, highlighted by three consecutive quarters of air volume growth and the Andlauer Healthcare Group acquisition.