Η Berkshire Hathaway αύξησε τις συμμετοχές της στις μεγαλύτερες εταιρείες της Ιαπωνίας, μια κίνηση που αναμένεται να προσφέρει στήριξη στην ευρύτερη χρηματιστηριακή αγορά του Τόκιο. Όπως είχε προαναγγελθεί στην ετήσια επιστολή του ο Γουόρεν Μπάφετ προς τους μετόχους, οι καταθέσεις στο υπουργείο Οικονομικών της Ιαπωνίας έδειξαν ότι η Berkshire αύξησε τα μερίδιά της στις Mitsubishi Corp., Marubeni Corp., Mitsui & Co., Itochu Corp. και Sumitomo Corp. Η μέση συμμετοχή στις πέντε μετοχές αυξήθηκε...
Berkshire Hathaway
Pilot’s new debt rating from Moody’s brings it up to investment-grade
Pilot Travel Centers, now 100% owned by Berkshire Hathaway, has an upgraded debt rating from Moody’s, though it is significantly lower than what S&P Global Ratings has bestowed on the chain.
Moody’s on Tuesday gave Pilot a long-term issuer rating of Baa3. It replaces the Ba1 corporate family rating, which is one notch below the new rating.
Moody’s also withdrew its Probability of Default rating for Pilot of Ba2, which is two notches less than Pilot’s new long-term issuer rating.
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Unions warn regulators cost cuts at BNSF are risky
WASHINGTON — Recent cutbacks totaling $105 million in BNSF’s 2024 capital maintenance plan have raised major safety and service concerns from the railroad’s unions.
In a statement filed with the Surface Transportation Board, Tony Cardwell, president of the Brotherhood of Maintenance of Way Employes Division (BMWED) of the Teamsters Union, contends that BNSF’s decision to defer the maintenance and infrastructure projects is being done “in pursuit of a lower operating ratio” to satisfy the...
https://www.freightwaves.com/news/unions-warn-regulators-cost-cuts-at-bnsf-are-risky
Pilot’s drop in profits led to lower valuation in final Berkshire purchase
The final tranche of Pilot Travel Centers purchased by Berkshire Hathaway appears to have put the enterprise value of the travel center chain significantly lower than it was just a year earlier.
In the company’s 10-K report filed with the Securities and Exchange Commission over the weekend, Berkshire Hathaway revealed that it had paid $2.6 billion for the final 20% of Pilot it did not already own. That would give Pilot an enterprise value of $13 billion.
But in the first quarter of 2023,...
Haslams sell final 20% stake in Pilot to Berkshire Hathaway
The Haslam family is out of Pilot Travel Centers.
The legal battle between the Haslams and Berkshire Hathaway (NYSE: BRK.B) over the travel centers’ valuation was settled last week, the truce announced the day the case was to go to trial in Delaware Chancery Court. With that compleeted, the founding family exercised its “put option,” which required Berkshire to buy the 20% of PTC it did not already own.
The two companies announced the transaction late Tuesday.
“Pilot started with one gas station...
https://www.freightwaves.com/news/haslams-sell-final-20-stake-in-pilot-to-berkshire-hathaway
Berkshire, Haslams settle suits, avoiding trial over valuation of Pilot Travel Centers
On the day the legal battle between the founding family of Pilot Travel Centers and its current owner Berkshire Hathaway was to go to trial in Delaware, the two sides reached a settlement.
In a brief statement released early Monday, a spokeswoman for the Haslam family said the two sides had reached a deal and are ending all litigation over the issue.
The Haslams had originally sued Berkshire, which then filed a countersuit. Patriarch James A. Haslam II founded Pilot Travel Centers (PTC) and has...
Haslam payments to Pilot execs won’t be issue in Berkshire Hathaway trial
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The legal battle between the Haslam family and Berkshire Hathaway over the valuation of Pilot Travel...
Court won’t hear Berkshire claims over Haslam’s Pilot payments next month
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The Haslam family and Berkshire Hathaway will square off in a Delaware court next month in their...
Berkshire: Haslam made secret payments for quick financial boost at Pilot
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Repeatedly using words like “illicit” and “secret,” Berkshire Hathaway has fired back at Jimmy...
Autonomous trucking: ‘What’s love got to do with it?’
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Lior Ron is a fan of autonomous trucking. You might even say the head of Uber Freight loves the idea...
https://www.freightwaves.com/news/autonomous-trucking-whats-love-got-to-do-with-it