Retailers ask where are all the trucks? [Seeking Alpha]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: Seeking Alpha
Retailers ask where are all the trucks?While retail sales are on an uptrend an unexpected obstacle has emerged that could threaten inventory and distribution in the form of ashortage of trucking in the U.S.The Wall Street Journal's Jennifer Smith observes that Constellation Brands (NYSE:STZ), Campbell Soup (CPB and J.M. Smucker (NYSE:SJM) have all pointed to rising freight costs amid tight truck supply in their recent earnings conference calls. There are also many anecdotal reports of stores lacking some products due to trucking delays.The pickup in retail sales coincided with a new federal safety rule that requires truck drivers to track their hours behind the wheel with electronic logging devices (called ELDs).Related trucking stocks:OTCPK:DDAIF,ULH,USAK,SAIA,PATI,PTSI,JBHT,KNX,LSTR,MRTN,HTLD,WERN,ECHO,ODFL,CVTI,CGI,ARCB,YRCW,CMI,NAV,PCAR,TSLA.Click to subscribe to real-time analytics on ARCBNow read:Tesla Board Fiddles As Model 3 Falters »
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STZ
News
- Constellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth Corporation [Financial Post (Toronto, Ontario, Canada)]Financial Post
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STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/19/24 - Form 144
- 4/18/24 - Form 8-K
- 4/16/24 - Form 4
- STZ's page on the SEC website