morgan stanley

Morgan Stanley unit invests in Pasha Group

Morgan Stanley Investment Management reports that, through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), it has provided an unsecured term loan to the Hawaii-based Pasha Group, whose largest segment is Pasha Hawaii, an ocean freight and automobile shipping business operating in the U.S. West Coast-Hawaii shipping market.

The Pasha Hawaii fleet includes two Ohana Class, 774-foot LNG-fueled, 2,525 TEU Jones Act containerships built at the AmFELS shipyard in...

https://www.marinelog.com/legal/shipping/morgan-stanley-unit-invests-in-pasha-group/

Morgan Stanley cuts earnings expectations amid surging insurance costs

Morgan Stanley cut earnings estimates for all the transportation companies it covers on Tuesday, citing rising insurance costs. It continues to believe the truckload space will be the most impacted as large jury verdicts remain a threat.

The firm said both nuclear verdicts and a prolonged period of insurance companies incurring costs above general inflation are reasons the cost line will remain bloated. During the fourth quarter, several carriers called out insurance expenses as a drag on...

https://www.freightwaves.com/news/morgan-stanley-cuts-earnings-expectations-amid-surging-insurance-costs

Morgan Stanley upbeat on CN’s 2024 growth expectations

Canadian National Railway Co. (CN) on Tuesday reported revenue of CA$3.28 billion ($2.4 billion) in the fourth quarter and adjusted earnings per share of CA$2.02. 

CN (NYSE: CNI) beat analysts’ expectations of EPS of CA$1.99 and revenue of CA$3.25 billion. For the year, the company reported revenue of CA$12.47 billion and profit of CA$4.17 billion, or CA$6.32 per share.

“These are the kind of results we can be very proud of in a challenging environment,” Tracy Robinson, CN president and CEO, said...

https://www.freightwaves.com/news/morgan-stanley-upbeat-on-cns-2024-growth-expectations

Loaded and Rolling: Freight upcycle may come early, says Morgan Stanley

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Freight upcycle may come early, says Morgan Stanley

(Photo: Jim Allen/FreightWaves)

The freight...

https://www.freightwaves.com/news/loaded-and-rolling-freight-upcycle-may-come-early-says-morgan-stanley

Morgan Stanley sees inventory restock producing freight upcycle soon

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An end to a prolonged freight recession could be approaching sooner than some investors may think,...

https://www.freightwaves.com/news/morgan-stanley-sees-inventory-restock-producing-freight-upcycle-soon

Some positive signs but trucking market moves ‘deeper into limbo’

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A third-quarter survey of shippers showed the freight industry has moved “deeper into limbo” as...

https://www.freightwaves.com/news/some-positive-signs-but-trucking-market-moves-deeper-into-limbo

Loaded and Rolling: FMCSA truck leasing panel drafts recommendations

FMCSA truck leasing panel drafts recommendations

(Photo: Jim Allen/FreightWaves)

The first meeting of the Federal Motor Carrier Safety Administration’s Truck Leasing Task Force (TLTF) discussed and drafted recommendations on Tuesday regarding limiting or eliminating the power a trucking company has over lease purchase agreements with drivers. The task force was created through the Bipartisan Infrastructure Law of 2022. As FreightWaves’ John Gallagher writes, “It is tasked with examining...

https://www.freightwaves.com/news/loaded-and-rolling-fmcsa-truck-leasing-panel-drafts-recommendations

Q2 likely ‘peak pain’ for trucking companies, Morgan Stanley says

Morgan Stanley trimmed estimates Thursday ahead of earnings season. The firm sees the second quarter of 2023 as the point of “peak pain” for trucking companies and likely the bottom of the cycle.

“The quarter began with most companies reporting on 1Q calls that there was virtually no spring seasonal pickup and while this improved somewhat going into the end of the quarter, the lift was likely too little, too late to save the quarter,” said Ravi Shanker, Morgan Stanley (NYSE: MS) transportation...

https://www.freightwaves.com/news/q2-likely-peak-pain-for-trucking-companies-morgan-stanley-says

Loaded and Rolling: Driverless truck exemptions; ATRI on driver-facing cameras

To cone or not to cone? Autonomous vehicle makers ask the question

(Photo: Jim Allen/FreightWaves)

Trucking safety advocates are at odds with corporate-backed attempts at implementing a roadside safety exemption for autonomous trucks. For those unaware, current regulations require drivers to use three emergency reflective triangles, or at least six fusees or three liquid-burning road flares, if they stop on the road for reasons other than traffic. 

FreightWaves’ John Gallagher noted earlier in...

https://www.freightwaves.com/news/loaded-and-rolling-driverless-truck-exemptions-atri-on-driver-facing-cameras

Morgan Stanley sees freight upcycle nearing

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A dash of optimism around improving freight demand in the back half of the year was noted in a...

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