Bank of America

Truck Tech: Alpha male call edition

This week, Lordstown Motors CEO Daniel Ninivaggi took umbrage to a question about leadership at the struggling electric pickup truck maker; competing trucking industry events push green agendas; and a look at the state of aftermarket parts amid the supply chain crisis.

Who’s the alpha male around here?

The final question from Bank of America Securities senior automotive analyst John Murphy to Lordstown Motors Corp. CEO Daniel Ninivaggi on the struggling electric pickup truck maker’s earnings call...

https://www.freightwaves.com/news/truck-tech-alpha-male-call-edition

Payfare, Stride partner on real-time payments for gig workers

Fintech company Payfare partners with Stride Bank on instant payments for gig workers and the gig economy

Food delivery drivers last week claimed a win in the ongoing gig economy battle between employers and their workers, who are often classified as independent contractors instead of employees and are deprived of the benefits that come with full employment. Last Thursday, the New York City Council approved a legislative package that, among other things, established a minimum payment per trip for delivery drivers. But for the more than 70% of gig workers living paycheck to paycheck, that money is...

https://www.freightwaves.com/news/payfare-stride-partner-on-real-time-payments-for-gig-workers

Will US consumers throttle back on buying stuff?

Apple Pay is becoming popular among consumers

The conventional wisdom was that with more Americans vaccinated and the economy reopened, the explosion in goods-buying during the COVID-19 pandemic would moderate to at best a muffled roar. Yet the roar appears to remain as full-throated as it was in the summer of 2020, and there’s no sign from data or anecdotes that it will ease off any time soon. 

A slowdown in goods-buying was “what we are expecting, but we haven’t seen it yet,” said Griff Lynch, executive director of the Georgia Ports...

https://www.freightwaves.com/news/will-us-consumers-throttle-back-on-buying-stuff

JD Logistics approved for IPO; spinoff could raise $4B

JD Logistics, the logistics entity for Chinese e-commerce leader JD.com (NASDAQ:JD), was approved for an initial public offering (IPO) by the Hong Kong Stock Exchange. The spinoff could raise up to $4 billion, following the lead of its sibling spinoff, JD Health International (HKG:6618), which raised $3.9 billion in December.

On Monday, the logistics unit began premarketing meetings led by UBS Financial with joint sponsors including Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and Haitong...

https://s29755.pcdn.co/news/jd-logistics-approved-for-ipo-spinoff-could-raise-4b

How valuable is the space market? — Great Quarter, Guys (with video)

great quarter guys for space waves

SpaceWaves: Bank of America’s Ron Epstein talks the true value of the space market 

Great Quarter, Guys is sponsored by CarrierDirect

Andrew Cox and Seth Holm wrap up SpaceWaves with a special edition of Great Quarter, Guys. 

Keeping the “You care or nah?” segment short Thursday with only four topics, the guys actually care about every single one.

Momentous announced it will be joining the public market by SPAC, making it the second pure play space company to do so. 

It currently has no revenue but...

https://www.freightwaves.com/news/how-valuable-is-the-space-market-great-quarter-guys-with-video

Career Tracks: From technology to trucks

Mathieu Philippe has been appointed to the new position of commercial director of marine for classification society Bureau Veritas.

Returning to Paris, where he started his career in shipping, Philippe brings extensive experience in commercial ship operations, markets and management to Bureau Veritas. He will lead the marine markets team, providing expertise and technology leadership across all major ship types, ship fuel and propulsion technology.

“Classification societies are already playing a...

https://www.freightwaves.com/news/career-tracks-from-technology-to-trucks

Westports takes Oracle and Bank of America to court

Westports Holdings Berhad’s wholly-owned subsidiary, Westports Malaysia Sdn Bhd (“Westports”), has commenced legal proceedings against Oracle Corporation Malaysia Sdn Bhd (“Oracle”) and Bank of America Malaysia Berhad (BoA) at the Kuala Lumpur High Court over the termination of two agreements.

On 30 November 2018, Westports had subscribed into the Oracle ERP Software System by executing two agreements with Oracle. The first agreement, Oracle Cloud Services Agreement, entails an Oracle license...

https://container-news.com/westports-takes-oracle-and-bank-of-america-to-court/

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