UPDATE: ERoad shares hit month-high as quarterly US sales accelerate in June

Wed, 05 Jul 2017

(Recasts on updated share price, adds broker comment) By Paul McBeth July 5 (BusinessDesk) - ERoad shares rose to their highest level in a month after posting its fastest quarterly sales growth in the US, where the logistics and fleet management company's high hopes for rapid expansion have been confounded by slow uptake of the new federal compliance regime for electronic logging devices. The shares jumped 6.7 percent to $1.75, the highest since June 2, after the Auckland-based said it sold 1,321 contracted units in the US in the thre...

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