Finance

Autonomous trucking startup Plus.ai reportedly seeking $60M

plus.ai autonomous truck

Plus.ai, an autonomous trucking startup based in the U.S. and China, is in talks to raise $60 million, the Information reported.

Hong Kong-based investment and securities firm Guotai Junan International would lead the raise, according to the Information, and it would put Plus.ai’s valuation in the range of $600 million to $1 billion.

Plus.ai did not immediately return FreightWaves’ request for comment.

In 2019 Plus.ai reportedly held discussions with SoftBank to raise $200 million, but the raise...

https://www.freightwaves.com/news/plusai-reportedly-seeking-$60m

GLOBAL & REGIONAL DAILY (Friday 17 July 2020)

GLOBAL & REGIONAL DAILY (Friday 17 July 2020)

July 17 2020

Global Markets

Risk appetite revived on Friday as China’s state media sought to reassure investors on the outlook for onshore equities. Hopes for a Covid-19 vaccine and more fiscal stimulus around the globe, with the US Congress set to begin debating a new package next week, also helped investor sentiment.

Greece

In its semi-annual Financial Stability Review, the Bank of Greece reiterated that it is working on a comprehensive asset...

https://www.allaboutshipping.co.uk/2020/07/17/global-regional-daily-friday-17-july-2020/

Portuguese central banker warns on populism, Launch of Global Public Investor 2020

Portuguese central banker warns on populism, Launch of Global Public Investor 2020

Friday 17 July 2020   –   Vol.11  Ed.29.5

Commentary: Portuguese central banker warns on populism

By David Marsh in London

Populism will lower political support for the EU if member states exit from the crisis at notably different speeds, says Carlos da Silva Costa, Bank of Portugal governor. In a valedictory OMFIF interview, Costa underlined the need for complementarity between ECB easing and the €750bn recovery...

https://www.allaboutshipping.co.uk/2020/07/17/portuguese-central-banker-warns-on-populism-launch-of-global-public-investor-2020/

Marten rides dedicated division to a strong quarter

Marten Transport has reported a strong second quarter, with a significant operating ratio increase in both its dedicated and truckload segments.  

The improvement in OR for the company overall was 250 basis points to 88.1% from 90.6%. The gains in the company’s truckload and dedicated divisions were offset in part by deterioration in the company’s intermodal and brokerage divisions. The truckload OR was up to 88.3% from 91.6%, or 330 basis points, while dedicated rose to 84.8% from 88.5%, 270...

https://www.freightwaves.com/news/marten-rides-dedicated-division-to-a-strong-quarter

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