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Apollo Global Management LLC
Apollo calls off Yellow bankruptcy manoeuvres with $500mn loan sale
...Apollo Global Management has shed its financial exposure to failed US trucking company Yellow, selling off a $500mn term loan and dropping plans to extend pricey financing to fund the freight group’s bankruptcy...
August 15, 2023
UnhedgedRobert Armstrong
Techs good, transports bad Premium content
...Here is Shelley Simpson, president of the trucking company JB Hunt, commenting on a 7 per cent year over year decline in revenue in the first quarter: We’re in a challenging freight environment where there...
April 28, 2023
FT AlphavilleJamie Powell
ARK’s stock picks still look extremely expensive . . .
...Of course, this is dragged up by outliers in the portfolio such as autonomous trucking play TuSimple (trading at 247 times). Still it’s eye-wateringly pricey....
January 10, 2022
Driverless vehicles
Waymo strikes self-driving lorry deal with Daimler Trucks
...Waymo’s focus has been on robotaxis, but it launched a trucking unit in 2017 and branded it Waymo Via earlier this year. Daimler Trucks is the world’s largest maker of commercial vehicles....
October 27, 2020
Anthony Levandowski
Ex-Google self-driving chief sentenced for stealing secrets
...Uber worked out a settlement with Waymo, the terms included that Uber “would never hire or work with Mr Levandowski again, which resulted in Uber also reneging on its promises to support Mr Levandowski’s trucking...
August 5, 2020
FTfmJohn Dizard
Why reinsurance is booming after pandemic disaster
...Premiums for directors’ and officers’ liability coverage are up as much as 75 per cent. Reinsurance for US trucking fleet liability risk has in some cases tripled in cost....
August 14, 2020
Driverless vehicles
Fiat Chrysler signs deal with Waymo as it ends Aurora ties
...Aurora is also heading in that direction, announcing on Monday that its “first commercial product will be in trucking”....
July 22, 2020
Due Diligence
Missed payments: Blackstone and Schwarzman’s Golden Rule Premium content
...The US Treasury department on Wednesday agreed a $700m bailout of trucking company YRC Worldwide....
July 2, 2020
Anthony Levandowski
Uber’s former self-driving chief declares bankruptcy
...Shortly after he left the company in 2016, he co-founded Otto, an autonomous trucking company later acquired by Uber for a reported $680m....
March 5, 2020
#techFT
Profits before presses for the Indy
...Mr Levandowski was one of the founders of Google's Waymo, but left to co-found Otto, an autonomous trucking company that was later acquired by Uber. Months afterwards....
March 5, 2020
Anthony Levandowski
Former top Uber engineer charged with stealing trade secrets
...Mr Levandowski left Waymo in January 2016 to co-found Otto, an autonomous trucking company later acquired by Uber....
August 27, 2019
News in-depthThe Big Read
Driverless car groups look past the engineering challenge
...AI and Torc Robotics, which want to aid long-haul trucking groups....
November 24, 2019
Jonathan Margolis
Urban farmers struggle to reap mass-market benefits
...Could it be that Schumacher was wrong, and that we need industrial-scale farming and long-distance trucking to feed everyone?...
January 31, 2018
LexRail
US railways: a model business
...companies, to compete against trucking and earn a living where the national rails could not....
May 24, 2012
US downturn
US: biographies of top stock pickers and earnings estimators
...He joined UBS as an associate analyst in February 2003, following airfreight, railroad, trucking, logistics and shipping stocks....
May 25, 2011
US downturn
Wall St records biggest ever intraday drop
...The provider of trucking, freight and transportation logistics earned1 cent per share in the quarter compared with average analyst estimates of a loss of 16 cents per share....
May 6, 2010
FT AlphavilleGwen Robinson
The overhyped IPO comeback? Blame Rosetta Stone
...On April 13, Current Media, an internet and cable company backed by former Vice-President Al Gore, withdrew its IPO. On April 14, trucking operator Western Express did the same....
April 17, 2009
US downturn
Wall St inches higher as data give support
...The trucking company's shares lost 10.9 per cent to $16.28. JB Hunt shares eased 1.7 per cent to $36.46 and Yellow Roadway edged up 0.9 per cent to $45.16....
September 16, 2004

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