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...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...
...Simply stated, we’re in a freight recession....
...that while sales had recovered along the retail rebound in 2021 following pandemic lockdowns, the group’s liquidity had been hit by investments to improve its supply chain and the higher cost of using air freight...
...For Betsy Atkins, who has served on boards including Wynn Resorts, Gopuff and SL Green, SVB’s collapse is a “wake-up call . . . that we have to do deeper focus on enterprise risk management.”...
...Freshfields Bruckhaus Deringer O: 6; L: 8; I: 7; Total: 21Freshfields advised Li & Fung on the sale of its logistics arm, LF Logistics, to Danish shipping group Maersk, and the buying back of the global freight...
...The campus features a mammoth 1930s-era industrial building where freight trains once disgorged their Manhattan-bound goods....
...Waymo is partnering commercial vehicle group Daimler Trucks to power big-rig lorries, as Alphabet’s driverless technology unit moves its technology beyond carrying passengers to hauling freight....
...www.ft.com/content/709849fc-4148-4687-9924-0c61f0447f2d Brexit trade talks hit by fresh dispute over state aid ft.com/content/2f508f4d-22e2-4deb-8d42-77a7c31fc53c Brexit stockpiling triggers cross-Channel freight...
...as promising to all but eliminate fatal road accidents by removing human error, self-driving technology also potentially opens the way for a suite of new business models, from robo-taxis to autonomous freight...
...Supporters claim it will be as revolutionary in software development as shipping containers have been in the movement of freight....
...DFDS, a Danish ferry company, last week warned its profits were already dropping because of a slowdown on Channel sea freight routes....
...By contrast, the mayor of San Jose, Sam Liccardo, bragged on Twitter this week that Google was “paying full freight on land, fees and taxes” for its development in his city....
...loans guarantor propped up by US taxpayers a decade ago after the subprime housing crisis, backed a $550m loan to the building’s owners — Moinian Group, among New York’s largest private landlords, and SL...
...However, Nasa concluded that it could not hit the short-term deadline the Trump administration had been pushing for, leaving the first manned test of the SLS set for 2023....
...Along with the challenges in the oil & gas business posed by continued weakness in the global oil field services industry and the downturn in the North American market for freight locomotives, GE has to...
...ANZ analysts noted that despite steel futures in China remaining “relatively quiet” and a rise in stockpiles at Chinese ports, the benchmark spot iron ore price – 62 per cent fines, including freight, at...
...On Friday, the benchmark spot iron ore price – 62 per cent fines, including freight, at Qingdao – lifted 2.9 per cent and moved above $70 a tonne for the first time in more than two months....
...A series of underground utility tunnels will house utilities like electrical wires and water pipes, and also provide pathways for freight-delivering robots....
...Yet Mr Musk, has already earmarked a trip around the moon for his next rocket, matching it directly against SLS....
...In late November, the Baltic Dry Index, which tracks freight charges for shipments of dry bulk goods, hit an all-time low....
...Britain may soon have a novel way to tackle road congestion — an underground network of pipes that propel freight-packed capsules to their destination which could lead to fewer trucks on the road....
...The UK’s Serious Fraud Office dropped an investigation into SLS and Keydata because of a lack of evidence....
...On an all-in basis — including mining costs, freight and value in use premium — it reckons the Brazilian company has leapfrogged Rio and BHP....
...Founded in 1915 to move coal along the Kentucky River, the company freights a wide range of goods, from chemicals and fertilisers to construction materials, coal and grains....
...One vehicle, called Roble SL, made tens of millions of dollars in paper profits by betting against UK insurance claims processor Quindell....
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