Hints and tips:
...In a hearing last Wednesday, Yellow’s lawyer from Kirkland & Ellis, Patrick Nash, said the trucking group had fought against the inclusion of the $500mn loan roll-up provision....
...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...
...Catalyst switched from its original subadviser, called Stone Beach Investment Management, to Wynkoop Financial LLC, which manages another fund for Catalyst....
...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....
...The trucking arm of the Mercedes-Benz owner sells half a million units a year, earning $40bn in revenue in 2019....
...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...
...Reinsurance for US trucking fleet liability risk has in some cases tripled in cost....
...Aurora is also heading in that direction, announcing on Monday that its “first commercial product will be in trucking”....
...The US Treasury department on Wednesday agreed a $700m bailout of trucking company YRC Worldwide....
...Shortly after he left the company in 2016, he co-founded Otto, an autonomous trucking company later acquired by Uber for a reported $680m....
...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....
...Mr Levandowski left Waymo in January 2016 to co-found Otto, an autonomous trucking company later acquired by Uber....
...AI and Torc Robotics, which want to aid long-haul trucking groups....
...He expects issuance of nonprime MBS to top $10bn this year....
...“It’s uncharacteristic but it reflects the new leadership of the kingdom,” he added, referring to Crown Prince Mohammed bin Salman, widely known as MBS....
...Indeed, he said his relationship with MBS, with whom he is in frequent contact, was stronger than ever before and the Ritz episode was behind him “completely.”...
...The resumption of mining was a relief to thousands of mining workers, and many more in auxiliary industries, such as trucking and barging....
...Could it be that Schumacher was wrong, and that we need industrial-scale farming and long-distance trucking to feed everyone?...
...If MbS had any opponents to his “Vision 2030” for reforming the state, those few are now fewer. One wonders how confident he is....
...Like Mr Biver, Max Büsser, chief executive of MB&F (Maximilian Büsser and Friends), has no qualms about pushing the boundaries....
...Separate lawsuits filed by the Department of Justice and the SEC claimed the bank understated the risk in $850m worth of MBS sold in 2008....
...The charges are expected to allege that S&P defrauded banks by producing overly optimistic ratings for pre-crisis MBS. A suit could be filed as soon as this week (Financial Times)....
...Hedge funds run by BTG Pactual, the Brazilian investment bank, have also surged thanks to bets in US MBS. The BTG Pactual Distressed Mortgage fund was up 28 per cent for the year to August 31....
...It added that 2012 year-end oil reserves stood at 677m barrels, up from 658 mb a year previously....
...As those sales failed to materialise, the US government was able to clear its cupboards of MBS left over from the rescue of AIG, and the housing market fundamentals started to take over....
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