New dltledgers CRO intent on digitally transforming global trade finance

As port congestion and shipment delays grasp consumers’ attention worldwide, the pressure grows for optimized supply chains. While fingers point to port operations and capacity constraints, trade finance could use operational advancements as well.

Trade finance produces the credit and insurance needed for global transactions. These transactions are not conducted simply by an importer and exporter. They include each party’s bank, a freight forwarder, the insurer and inspector, customs, document...

https://www.freightwaves.com/news/new-dltledgers-cro-intent-on-digitally-transforming-global-trade-finance

ArcBest sees billions of dollars in opportunities with MoLo acquisition

ArcBest executing on two fronts

ArcBest (NASDAQ: ARCB) took a big step toward bridging the gap to a long-term goal Wednesday with the acquisition of Chicago-based truckload broker MoLo Solutions. The deal advances a key initiative for the Fort Smith, Arkansas-based logistics and less-than-truckload provider — to grow its asset-light operations to a level equal to its asset-based trucking unit.

MoLo’s $600 million in expected revenue for 2021 pushes ArcBest’s consolidated annual top line to $4.1 billion, with asset-light...

https://www.freightwaves.com/news/arcbest-sees-billions-in-opportunities-from-molo-acquisition

Meeting net zero: carbon capture technology and green finance

Meeting net zero: carbon capture technology and green finance

Thursday 30 September 2021 – Vol.12 Ed.39.4

Commentary: Does Orca machine hold key to ambitious net-zero targets?

By Gary Smith in London

In early September, excited headlines celebrated the launch of the Orca machine in Iceland. This machine sucks carbon dioxide out of the air and pumps it into permanent storage underground, fuelled by geothermal energy. It will capture the equivalent carbon dioxide to offset the emissions of around...

https://allaboutshipping.co.uk/2021/09/30/meeting-net-zero-carbon-capture-technology-and-green-finance/

ArcBest to acquire MoLo for $235M, potential for future earnout

ArcBest builds out brokerage in deal for MoLo

ArcBest (NASDAQ: ARCB) announced Wednesday after the market close it is acquiring Chicago-based truckload broker MoLo for $235 million in cash upfront with a potential earnout based on adjusted EBITDA targets from 2023 through 2025.

MoLo is expected to generate revenue of approximately $600 million in 2021 and will double ArcBest’s platform to 70,000 carriers. The deal will make ArcBest a top-15 truck broker in the U.S.

The deal is expected to deliver earnings accretion, excluding...

https://www.freightwaves.com/news/arcbest-to-acquire-molo-for-235m-potential-for-future-earnout

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