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...Chief financial officer Brian Newman said that the macroeconomic environment “showed improvement” in the fourth quarter, but “the transportation and logistics sector conditions remained under pressure both...
...It provides sensory transportation back to a happy time before the miseries of the economic “lost decades” and sustained market sell-off began to weigh through the early 1990s and beyond....
...“That’s the nature of a brokerage business.” Rivalling Uber Freight, ecommerce behemoth Amazon launched its own trucking brokerage this year, which is currently available in five US states....
...Its Freight brokerage division is expected to generate $500m in revenue in the next 12 months. The company is even looking beyond transportation to other forms of on-demand labour....
...Mr Khosrowshahi has vowed to keep investing in new ventures as part of his aim to make Uber a transportation hub for car rides, bike and scooter rentals and even public transit, reminding investors that...
...“The cash burn is slowing down,” said Rohit Kulkarni, head of research at Sharepost, a brokerage for private companies....
...The San Francisco-based transportation company also grew rapidly over the year, reporting net revenues of $6.5bn for 2016....
...Two years ago, Ms Murphy launched Air Spares Unlimited — an online brokerage for landing gear, wheels and brakes — and brought in Mr Boccarossa, now her husband, to be its chief executive....
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...“We are the only app in the region that has such an extensive network and range of transportation choices.”...
...These new players are unlikely to be caught up in the regulatory wrangling, according to Agustinus Reza Kirana, an analyst at Bahana Securities, a local brokerage....
...“If they don’t have any intention to pay tax I think the government will shut them down,” said Agustinus Reza Kirana, an analyst at Bahana Securities, a local brokerage....
...Although he won plaudits for leading the company out of scandal, he was unable to fix MMC’s ailing Marsh insurance brokerage arm and lasted just over three years....
...for major Wall Street brokerage firms; including Kidder, Peabody & Company, PaineWebber, and SalomonSmithBarney....
...The highest ranked analyst from a small brokerage was Michael Ward of Soleil-Ward Transportation Research, who covers auto and auto component stocks....
...The city’s location at the northern end of the Erie Canal, linking the Atlantic Ocean to the Great Lakes, made it a bustling transportation and industrial hub and, at one time, the US’s sixth-largest city...
...The brokerage reiterated its “buy” rating, citing the company’s plans to expand capacity....
...The Topix sub-index of air transportation companies was the biggest gainer, rising 3.1 per cent to 406.95....
...After the close on Monday, the brokerage also announced a further $5.7bn in writedowns on certain mortgage securities....
...The paper and pulp sub index also had healthy gains of 3.4 per cent, following a brokerage upgrade....
...The Dow Transportation Average lost 1.9 per cent, and closed at its lowest level since mid April....
...Amazon also benefited from brokerage upgrades....
...Cisco lost 7.7 per cent to $26.70 this week amid a string of brokerage downgrades....
...Brokerage stocks rebounded and the Amex, broker-dealer index gained 0.7 per cent, following a decline of 3.6 per cent on Monday....
...Other brokerages also gained. Merrill Lynch rose 2.2 per cent to $75.32 and Legg Mason rose 4.1 per cent to $98.42....
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