Bourse, depository stocks rally amid talk of nod for NSE’s IPO
Bourse, depository stocks rally amid talk of nod for NSE’s IPO Shares of market intermediaries BSE, Multi-Commodity Exchange, and Central Depository Services rallied on Monday amid talk that the Securities and Exchange Board of India (Sebi) is likely to give…
India looks very good, but stay away from companies not making money: Mark Mobius
India looks very good, but stay away from companies not making money: Mark Mobius Amid worries about a Fed taper beginning November, veteran emerging markets investor Mark Mobius believes that India may get a greater share of flows into the…
Cash-strapped Nikola expands equity-for-credit line to $600M
Cash-strapped Nikola expands equity-for-credit line to $600M Electric truck startup Nikola Corp. is doubling the size of its stock-for-credit line with a private lender to $600 million, enough credit to ramp up production through 2022, the company said Monday. Nikola…
Weekly retail diesel price harkens back to 2014 levels
Weekly retail diesel price harkens back to 2014 levels The weekly Department of Energy/Energy Information Administration retail diesel price is at a level that hasn’t been seen since December 2014. At $3.406/gallon, the benchmark price for fuel surcharges has not…
North Korea Fires Unidentified Projectile Off Its East Coast
North Korea Fires Unidentified Projectile Off Its East Coast The recent launch, reported by South Korea’s military, is the third weapons test in recent weeks by the Kim Jong Un regime. Źródło 28 September 2021, 01:25
China Releases Two U.S. Citizens Blocked From Leaving Since 2018
China Releases Two U.S. Citizens Blocked From Leaving Since 2018 The exit from China of Victor Liu and Cynthia Liu over the weekend coincides with a deal last week with U.S. authorities that freed a top Huawei executive. Źródło 28…
Power crisis deepens in Asia and Europe: What it means to shipping
Power crisis deepens in Asia and Europe: What it means to shipping There’s panic-buying of gasoline in the U.K. Natural gas prices in Europe and Asia are skyrocketing. Protests are breaking out across Europe due to spiking electricity bills. India…
Self-described ‘shaman’ arrested in California wildfire arson
Self-described ‘shaman’ arrested in California wildfire arson Authorities have arrested a self-described “shaman” who they believe intentionally set the latest wildfire in California. The Fawn fire near Redding started Wednesday afternoon and spread quickly, burning homes and prompting evacuation orders…
Diesel Bumps Up 2.1¢ to $3.406 a Gallon
Diesel Bumps Up 2.1¢ to $3.406 a Gallon The national average price for diesel rose 2.1 cents to $3.406 a gallon, the first time it has eclipsed $3.40 in nearly seven years, according to Energy Information Administration data released Sept….
Abernathy leaves FreightWaves on the back of record growth to lead freshly funded Emerge
Abernathy leaves FreightWaves on the back of record growth to lead freshly funded Emerge George Abernathy is leaving FreightWaves to become president of Emerge. Following a $130 million fund-raise from 9Yards, Tiger Global and The Spruce House Partnership, Abernathy was…
Activist Hedge Fund Starboard Has Big Stake in Huntsman
Activist Hedge Fund Starboard Has Big Stake in Huntsman The exact changes Starboard intends to push for to improve its stock performance couldn’t be learned. Huntsman’s shares are little changed since the company’s 2005 initial public offering. Źródło 27 September…
Stocks Finish Mixed as Energy Rallies
Stocks Finish Mixed as Energy Rallies U.S. share benchmarks wobbled, bond yields rose and oil hit its highest level in nearly three years, as investors bet on further economic reopening but remained concerned about supply-chain disruptions. Źródło 27 September 2021,…
Illinois trucking manager sentenced in $625K fraud scheme
Illinois trucking manager sentenced in $625K fraud scheme An Illinois man was sentenced to 18 months in federal prison for defrauding the family-owned trucking company where he worked of nearly $625,000. Once released from prison, Timothy P. Mayer, 42, of…
Boyle Transportation, Nussbaum Transportation repeat as top fleets for drivers
Boyle Transportation, Nussbaum Transportation repeat as top fleets for drivers Boyle Transportation and Nussbaum Transportation have repeated as the Best Overall Fleet to Drive For in the annual Truckload Carriers Association (TCA) and CarriersEdge Best Fleets to Drive For contest….
West Coast Ports Need More Funds, Seroka Says
West Coast Ports Need More Funds, Seroka Says The federal government needs to invest more in West Coast ports, said the head of the Port of Los Angeles, which is the nation’s biggest gateway to Asia and is grappling with…
Container ship invasion hits both US coasts…and China
Container ship invasion hits both US coasts…and China On today’s episode Dooner and The Dude are talking about the massive influx of cargo ships to both U.S. coasts and the impacts they’re causing throughout the supply chain. With a squeeze…
Freight Groups Press Biden Administration on AV Policy
Freight Groups Press Biden Administration on AV Policy Freight stakeholders are calling on the U.S. Department of Transportation to proceed with implementing a regulatory framework for autonomous vehicle technology. Źródło 27 September 2021, 21:00
Rent-a-ship: Costco hires vessels for urgent deliveries
Rent-a-ship: Costco hires vessels for urgent deliveries Add Costco Wholesale Corp. to the list of desperate retailers renting entire vessels to bypass clogged ocean shipping networks and avoid stockouts of popular items as the Christmas shopping season quickly approaches. The…
U.S. Asked Russia About Offer of Bases to Monitor Afghan Threats
U.S. Asked Russia About Offer of Bases to Monitor Afghan Threats Joint Chiefs chairman Gen. Mark Milley last week asked his Russian counterpart about Russian President Vladimir Putin’s earlier comments regarding Moscow’s bases in Central Asia. Źródło 27 September 2021,…
Congestion, weather and chip shortages cloud rail’s outlook: Cowen
Congestion, weather and chip shortages cloud rail’s outlook: Cowen Supply chain congestion, weather-related incidents such as wildfires and Hurricane Ida, and ongoing automotive production challenges could force the Class I railroads to revise their financial outlooks for 2021, according to…
FreightWaves Classics: Maritime Administration promotes US merchant marine
FreightWaves Classics: Maritime Administration promotes US merchant marine According to the U.S. Department of Transportation (USDOT) website, the Maritime Administration (MARAD) “promotes development and maintenance of an adequate, well-balanced, United States merchant marine, sufficient to carry the nation’s domestic waterborne…
Commentary: Why we didn’t cover the DAT/C.H. Robinson deal
Commentary: Why we didn’t cover the DAT/C.H. Robinson deal This week, a number of people have pointed out that we did not cover the DAT/C.H. Robinson partnership and suggested that not covering a press announcement between two companies was showing…
Xos to Use Cox Automotive Mobility for Battery Remanufacturing
Xos to Use Cox Automotive Mobility for Battery Remanufacturing Xos Inc., a manufacturer of Classes 5-8 battery-electric commercial vehicles, announced a collaboration with Cox Automotive Mobility to leverage the automotive services provider’s remanufacturing capabilities for Xos battery packs. Źródło 27…
Crossword Puzzle Solution for September 27, 2021
Crossword Puzzle Solution for September 27, 2021 Here’s the solution to the crossword puzzle found in the September 27, 2021 print edition. Źródło 27 September 2021, 19:30
Xcel Bulk Logistics Acquires 1845’s Commercial Bulk Division
Xcel Bulk Logistics Acquires 1845’s Commercial Bulk Division Xcel Bulk Logistics announced that it has acquired the 1845 Commercial Bulk Division. Źródło 27 September 2021, 19:30
There is no way to dodge the ongoing labor shortage issues
There is no way to dodge the ongoing labor shortage issues How smooth will supply chain operations and throughput be in 2021? It is still too early to tell, but, even without a crystal ball, it is pretty clear that…
Cummins gets $5M boost from DOE to advance hydrogen efforts
Cummins gets $5M boost from DOE to advance hydrogen efforts Cummins Inc. is getting $5 million — the largest of 19 grants from the Department of Energy — to automate one of three types of a process that turns water…
House Transportation Reps in GOP Press for Truck Parking
House Transportation Reps in GOP Press for Truck Parking WASHINGTON — With the U.S. House scheduled to consider key aspects of President Joe Biden’s infrastructure agenda this week, a group of Republican lawmakers continues to advocate for additional access to…
Exclusive: Missouri trucker ‘snapped’ before killings, brother says
Exclusive: Missouri trucker ‘snapped’ before killings, brother says An ongoing custody battle over his 9-year-old daughter caused a Missouri truck driver — who was a suspect in four homicides — to “snap,” his brother says. In an exclusive interview with…
NFRA Chief’s term ends on Thursday; no clarity yet on successor, second term
NFRA Chief’s term ends on Thursday; no clarity yet on successor, second term Sridharan was appointed as Chairperson on October 1, 2018 for three-year period Źródło 27 September 2021, 19:09
I often say I won the lottery of life, says Indra Nooyi
I often say I won the lottery of life, says Indra Nooyi The former PepsiCo chief credits her family, her upbringing and the city she grew up in — Madras — for her success Źródło 27 September 2021, 19:09
Govt pegs H2 borrowing at ₹5.03-lakh cr
Govt pegs H2 borrowing at ₹5.03-lakh cr Full-year target will not be breached Źródło 27 September 2021, 19:08
Dish TV’s Goel buys time to counter bid by YES Bank to oust him
Dish TV’s Goel buys time to counter bid by YES Bank to oust him Postpones AGM by two months Źródło 27 September 2021, 19:07
Top corporates, banks go big on ‘swaption’ deals
Top corporates, banks go big on ‘swaption’ deals In the past six weeks, the notional value of transactions rose to Rs 1,900 crore on the platform, which helps both local borrowers and investors to rein in funding costs in a…
USPS Mail, Small Package Delivery May Take Longer as of Oct. 1
USPS Mail, Small Package Delivery May Take Longer as of Oct. 1 The U.S. Postal Service is making changes to its express shipping as of Oct. 1 that could delay some mail going across country. Źródło 27 September 2021, 19:00
SC grants 4 months time to TN poll panel to hold urban local body polls
SC grants 4 months time to TN poll panel to hold urban local body polls Court took note of the submissions that now six more municipal corporations and 28 new municipalities have been added and granted time Źródło 27 September…
The state of same-day delivery
The state of same-day delivery The United States is undeniably on a same-day delivery binge. The graphs of the U.S.’s e-commerce market size and Amazon’s free-delivery times are near-perfect mirror images of each other, with delivery times plummeting as e-commerce…
Covid-frayed fashion retailers seeing sales recovery, says ICRA
Covid-frayed fashion retailers seeing sales recovery, says ICRA However, the segment is expected to reach pre-Covid level of sales only by the second quarter of FY 23. Źródło 27 September 2021, 18:47
Gulab cyclone: AP to expedite relief measures, announces ₹5-lakh ex-gratia
Gulab cyclone: AP to expedite relief measures, announces ₹5-lakh ex-gratia Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has on Monday directed the officials to expedite relief measures in Gulab-cyclone affected areas an Źródło 27 September 2021, 18:46
Beer cartel: United Breweries may have to raise debt to pay off CCI penalty
Beer cartel: United Breweries may have to raise debt to pay off CCI penalty United Breweries may have to raise debt to pay the ₹752-crore penalty imposed on it by the Competition Commission of India (CCI), for being part of…
Diversity and inclusion in companies
Diversity and inclusion in companies Źródło 27 September 2021, 18:42
Bharat Bandh: Some impact in North, but daily life unaffected in South
Bharat Bandh: Some impact in North, but daily life unaffected in South Small incidents of road blocks seen in parts of the country Źródło 27 September 2021, 18:40
Paradeep Phosphates IPO gets nod
Paradeep Phosphates IPO gets nod Paradeep Phosphates has received SEBI’s go-ahead for its initial public offering. The IPO comprises fresh issue of shares worth ₹1,255 crore and an o Źródło 27 September 2021, 18:37
CMR Green Tech files IPO papers with SEBI
CMR Green Tech files IPO papers with SEBI Metal recycling company CMR Green Technologies has filed preliminary papers with SEBI to raise funds through an initial share sale. The initial public Źródło 27 September 2021, 18:36
‘New foreign trade policy on April 1, existing policy to remain till then’
‘New foreign trade policy on April 1, existing policy to remain till then’ Goyal says Ministry trying to ensure fair exchange rate for small exporters Źródło 27 September 2021, 18:31
Covid-19: TN reports 1,657 new cases
Covid-19: TN reports 1,657 new cases Chennai reported 186 fresh cases Źródło 27 September 2021, 18:30
Toyota to stop selling sedan Yaris in India
Toyota to stop selling sedan Yaris in India Toyota Kirloskar Motor (TKM) on Monday said it will stop selling its mid-sized sedan Yaris in India with immediate effect as part of its product stra Źródło 27 September 2021, 18:28
Meet Olaf Scholz, the German Best Placed to Succeed Angela Merkel
Meet Olaf Scholz, the German Best Placed to Succeed Angela Merkel The politician built his popularity on his response to Covid-19 and styled himself as the German chancellor’s heir. Źródło 27 September 2021, 18:28
Rift in Tollywood over AP move to cap shows, ticket prices
Rift in Tollywood over AP move to cap shows, ticket prices Pawan Kalyan says the State govt is making the whole industry suffer Źródło 27 September 2021, 18:22
Heavy rains: Telangana declares holiday on September 28
Heavy rains: Telangana declares holiday on September 28 Heavy rain forecast over the next two days Źródło 27 September 2021, 18:20
I’m in awe of the entrepreneurial ecosystem in India: Indra Nooyi
I’m in awe of the entrepreneurial ecosystem in India: Indra Nooyi Former Chairman & CEO, PepsiCo, Indra Nooyi, on the start-up culture in the country, and on her time at the global corporation Źródło 27 September 2021, 18:20
SpiceJet’s bid to shed cargo business runs into turbulence
SpiceJet’s bid to shed cargo business runs into turbulence Delhi High Court issues interim injunction against airline from alienating its assets Źródło 27 September 2021, 18:18
RBI releases H2 govt borrowing plan, dispels fear of additional debt
RBI releases H2 govt borrowing plan, dispels fear of additional debt “Second half government borrowing did not spring any negative surprise barring a negligible increase in market borrowing,” said Madan Sabnavis, chief economist at CARE Ratings. It also reflects that…
Beijing Claims Victory Over Huawei Executive’s Return
Beijing Claims Victory Over Huawei Executive’s Return Chinese media played down China’s release of two Canadian citizens that came minutes after Huawei executive Meng Wanzhou boarded her flight home. Źródło 27 September 2021, 18:18
For warehouse operators, e-commerce ‘is the biggest problem in the world’
For warehouse operators, e-commerce ‘is the biggest problem in the world’ Warehouse employment is booming, but not enough to keep up with employment needs as labor-intensive e-commerce warehousing continues to ramp up. In the Bureau of Labor Statistics (BLS) August…
Letters to the editor dated September 27, 2021
Letters to the editor dated September 27, 2021 Monetising govt assetsApropos ‘Why asset monetisation imperative’ (September 27); NMP for about ₹6 lakh crore envisaged by the DIPAM and NITI Aayog is Źródło 27 September 2021, 17:59
Jim Justice Offers $300 Million Settlement Payment to Credit Suisse
Jim Justice Offers $300 Million Settlement Payment to Credit Suisse The West Virginia governor has offered a $300 million payment and half the value of his family coal businesses to settle loans from the now-defunct Greensill Capital, according to people…
Royal Mail trials two new electric vehicles for last mile deliveries
Royal Mail trials two new electric vehicles for last mile deliveries Royal Mail is set to trial two new micro electric vehicles, (MEVs), for letter and small parcel deliveries, as part of the company’s wider push to reduce carbon emissions….
Insurance cos hope for a hike in PMJJBY premium
Insurance cos hope for a hike in PMJJBY premium On a cumulative basis, there were 10.34 crore persons enrolled under the scheme with a total of 2.6 lakh claims by May this year. Źródło 27 September 2021, 17:57
5 fires lead Daimler to recall certain 2022 Freightliner Cascadias
5 fires lead Daimler to recall certain 2022 Freightliner Cascadias Daimler Trucks North America is recalling a few hundred of its flagship 2022 Freightliner Cascadias after five fires caused by a misdirected exhaust tip led to the melting of underbody…