It was a poorly-received IPO for CSSC Shipping. Institutional and retail take up was weak and its share price plummeted from the offer price.
Volkswagen AG announced that it is offering up to 15 percent of TRATON for a range of 1.553 billion euros and 1.898 billion euros.
A major developer of, and financial investor in, Asia Pacific logistics parks has launched a potential US$1.24 billion initial public offer on the Hong Kong stock exchange.
Despite weakness across global markets in May, as well as increased global trade hostilities, the German auto/truck manufacturer plans to move forward with the IPO.
Navistar was up 3 percent on Monday, May 13, 2019 and is up more than 8 percent in Tuesday’s trading.
If lab-grown meat substitutes for farm-grown meat and is commercially successful, it will lead to a drastic reduction in freight ton-miles.
Uber is planning to sell 14 percent stake on its autonomous driving division for $1 billion to investment firm Softbank, automaker Toyota, and auto parts manufacturer Denso.
The pending IPO comes as many experts are questioning the profitability of the ride-share model.
Exceeding expectations, the ride-hailing start-up Lyft raised $2.3 billion on March 28, after pricing its shares at $72, the top of its pricing range.
Uber has confirmed speculations of its acquisition of Middle East on-demand cab hailing company Careem, with the company now becoming a wholly owned subsidiary of Uber. The transaction is expected to be completed by Q1 2020.
Uber spends over $1 billion every year on Waymo; Lyft is nearing its IPO; Fiat recalling 863,000 cars due to emissions issues.
Uber announced its fourth quarter earnings yesterday, with the results showing its market dominance in the cab-hailing segment and its extensive investment across different niche verticals it has expanded into recently.
Postmates Inc., an on-demand food delivery service, confidentially filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO).
Cyberattacks increase with technology inclusion in supply chains; Tesla doubles loss this Q2; China is pumping billions into OBOR strategy; Aramco drops IPO as fuel prices rise.
U.S. Xpress overhauled its management and its capitalization to get to the public markets.
U.S. Xpress is profitable on an operating basis, but a heavy debt burden will be reduced in the recapitalization of the company.
Volkswagen is talking openly about increasing its 16.9% share of Navistar and taking over the brand as a prelude to an IPO or debt sale for its Truck & Bus division in Q1 2019. VW ousted its CEO Müller last week and continues to roll out its new messaging.
Apollo Global Management is reportedly planning to take its subsidiary CEVA Logistics public by April.
