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Proficient Auto Logistics Inc V.PAL


Primary Symbol: PAL

Proficient Auto Logistics, Inc. is a specialized freight company focused on providing auto transportation and logistics services. The Company offers a range of auto transportation and logistics services, focused on transporting finished vehicles from automotive production facilities, marine ports of entry, or regional rail yards to auto dealerships around the country. The Company operates in two segments, Truckload and Brokerage. Its Truckload segment offers automobile transport and contract services under an asset-based model. Its contract service offering devotes the use of equipment to specific customers and provides transportation services through long-term contracts. Its Brokerage segment offers transportation services utilizing an asset-light model focusing on outsourcing transportation of loads to third-party carriers. Its customers range from auto companies, such as General Motors, BMW, Stellantis, and Mercedes Benz, to electric vehicle (EV) producers, such as Tesla and Rivian.


NDAQ:PAL - Post by User

Post by pfaffgauon Feb 26, 2005 7:17pm
142 Views
Post# 8663175

INSTITUTIONS

INSTITUTIONSI have heard that the financing was taken up almost entitely by institutions. That, in my opinion, will make a huge difference. Without disribution to retail clients where will all the selling come from? My guess is this gives PAL a huge leg up. The institutions want this stock in their porfolios for its potential increases as they affect their performance numbers. I don't see them selling soon. In fact, they may foresee much higher numbers than 2 or 3 dollars a share in the future for PAL. They may therefore add to their positions down the road. IMHO
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