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Dana faces expedited freight costs from supply chain bullwhip

China 2775 Cons. Discr. - Autos 1039 Earnings 586 Mexico 788 Quote Watch 353 U.S. 4937

Dana Inc. reported Q4’20 revenue growth of 6.1% year over year on the back of “strong demand for light vehicles”, beating consensus estimates by 8.7 percentage points. U.S. imports linked to the firm increased by 6.4% over the same period. That’s not been without costs with CFO Jonathan Collins noting the firm has continued “to incur premium costs, primarily in the firm of expedited freight” to meet the increased demand and that the firm’s “supply base struggled to keep pace”. The firm may have had to lean more heavily on sourcing from China to meet increased demand, with U.S. imports li...

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