Capstone Headwaters has published its Q2 2020 Transportation Brokerages Public Earnings Update, available for download below. In Q2 2020, Echo Global Logistics (Nasdaq:ECHO) (“Echo”), C.H. Robinson Worldwide (Nasdaq:CHRW) (“CHRW”), and privately owned brokerages that Capstone spoke with have all said the same thing: Q2 was volatile. It’s an unsurprising conclusion as we saw the COVID-19 pandemic take hold and disrupt demand, supply chains, and, frankly, our way of life. Now, as we turn the corner into Q3, we’re seeing signs of life as spot rates continue to rise, manufacturing accelerates, and key indices tick up.
Report highlights include: