UPDATE: CRST confirms partial fleet reduction and redistribution

Core Viewpoint - CRST is redistributing its OTR trucking operations due to challenging market conditions, resulting in a reduction of nearly 200 trucks and redeployment of approximately 100 trucks to other business units [2][3]. Group 1: Company Operations - CRST confirmed plans to reduce its Capacity Solutions OTR fleet operations, redistributing much of the fleet to other areas of the business [2]. - The company employs 4,082 drivers and 4,362 trucks, along with approximately 2,000 independent contractors [3]. - The recent changes mark a significant shift for CRST, which had previously expanded its fleet by acquiring BCB Transport, adding over 300 trucks [4]. Group 2: Market Context - The decision to reduce OTR operations is a response to a slowdown in the freight market, which has led to layoffs at the company's Cedar Rapids headquarters [5]. - The Capacity Solutions brokerage service and its customer assets will remain unchanged despite the fleet reduction [2].