The company’s pivot to focus on software applications in lieu of developing its freight marketplace has led to stagnation of the business and its share price, former CEO Zvi Schreiber asserts.
Strong time charter rates that have hardly moved in recent years and ongoing robust demand are keeping aging multipurpose vessels on the water.
Freight demand was either better or “less worse” at three of the largest LTL providers last month, bolstered perhaps by the need for shippers to speed some freight to inventories.
