R after conducting proprietary checks into rental activity. Proprietary checks found that the transportation provider's rental activity is benefiting from improved demand on a year-over-year basis, Fowler commented in the upgrade note.
The findings are in-line with broader for-hire trends and weather-related disruptions. In fact, nearly two-thirds of those contacted by the analyst said that utilization in the third quarter so far is higher year-over-year and the overall outlook for the fall season is positive.
Lease commentary was also in-line with expectations as the majority of contacts suggest demand was flat to higher in the third quarter, the analyst added. Benzinga does not provide investment advice. Membership is Free What are you waiting for? Free Account Login Click here to access your premium account. Contribute Login Sign up. Benzinga - Feed Your Mind. September 14, Earnings Scheduled For October 24, View the discussion thread.
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