Surprising Profits - Earnings Roundup
The Canadian Investor
00:00
Canadian Cargo Jet - What's Going On?
Gross margins were down 700 basis point to 25%. The company does have a fuel searchard mechanism, which they say allows the company to not carry the risk of fuel prize volatility. All direct expenses increase during the quarter, which is why their gross margins wore down. Even even the rails reported record freight volume in the second quarter.
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Transcript
