Trucker TIL defers dividend, citing 'recessionary' outlook

Thu, 27 Aug 2020

Trucking and freight group TIL Logistics has deferred its final dividend citing “recessionary” conditions it expects this year.The company, which today reported adjusted full-year operating earnings of $26.5 million – in line with improved guidance given in June – said it retains a “cautious” outlook.While it has good exposure to the high demand being seen in the food and beverage, aquaculture and wine sectors, it said parts of its business, such as fuel and international freight forwarding, will continu...

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