Hints and tips:
...But Apollo’s DIP financing proposal fell through after Yellow’s lawyers last Friday told a federal bankruptcy judge in Delaware that two other parties — MFN Partners, a Boston-based hedge fund, and Estes Express...
...The trucking company that alerted us to this problem in the first place, they do have the machines, for instance. So you do alleviate part of it.”...
...It also has a board seat at Shanghai-listed YTO Express, another at New York listed Best Inc, where it controls 46 per cent of the voting power, and one more to come at STO Express, after buying nearly 15...
...China may lead the world on ecommerce but its express delivery industry has not been up to the task. About one-quarter of intercity express delivery did not meet delivery targets....
...Analysts suspect that the disclosure of shady loans at Mizuho Financial Group, which caused the 61 year-old president to express “deep regrets” over the lapses, may not be the last....
...Despite having a market capitalisation of about $74bn and buying about 30 companies since 1999, the largest deal it has struck was for Overnite, a trucking company, for about $1.3bn in 2005....
...Despite having a market capitalisation of about $74bn and buying about 30 companies since 1999, the largest deal it has struck to date was for Overnite, a trucking company, for about $1.3bn in 2005....
...Federal Express, for example, has a general commitment to “evaluation of environmental impacts of FedEx packaging products, operations and facilities with a commitment to minimise impacts”....
...American Express, the largest US credit card issuer, was also dragged down when the financial crisis hit in 2007....
...On April 14, trucking operator Western Express did the same....
...Transport stocks came under further pressure from Con-way, which dropped 13.9 per cent to $22.19 after the trucking group also slashed its earnings forecast....
...After the close American Express said fourth quarter profit fell 10 per cent, in line with estimates, after it took a charge to cover bad loans....
...Transport stocks benefited from a brokerage upgrade after Bear Stearns raised the trucking sector from “market underweight” to “market weight”....
...But a drop in freight trucking profits and a shift by US customers to cheaper services may signal tougher times ahead....
...UPS is now applying for trucking and freight forwarding licences in China. But it must secure national, provincial and even municipal approvals....
...The continuing sales problems highlight the challenge faced by Paul Pressler, the former Disney executive who took over as chief executive of Gap from Mickey Drexler in September 2002....
...UPS, the express shipper, agreed to buy Overnite Transportation, the trucking concern, for $1.3bn in cash, sending Overnite shares up 43.8 per cent on Monday and 44.2 per cent for the week....
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