Debt
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American Shipper
Dry bulk specialist Pacific Basin to issue US$175 million debt
Hong Kong Stock Exchange-listed ocean carrier Pacific Basin (HK: 2343) will issue US$175 million (approximately HK$1,371 million) of non-amortizing unsecured convertible bonds to boost its…
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News
Warning UPS about excessive capex and buybacks, Moody’s downgrades outlook to negative
If UPS sticks to its capex and buyback plans—which exceed projections for free cash flow—the parcel carrier may have to issue more debt.
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News
Moody’s lifts ratings on more than $3B of XPO Logistics debt
Rating agency Moody’s Investors Service said it upgraded its ratings on about $3.2 billion debt issued by XPO Logistics, Inc., (NYSE: XPO) citing a “positive…
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Economics
How the flattening yield curve affects trucking
We explain how the yield curve works, how it affects the cost of debt, and what that means for trucking.
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Economics
Breaking: Fed raises interest rates .25%
The Fed has raised interest rates to 1.25%--rates on new loans, equipment leases, old variable debt, and factoring services will all go up.
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