Poised for acquisition, Transplace gets mostly positive outlook from Moody’s

Just as Transplace is about to disappear as a separate company, to be acquired by Uber Technologies and partner with the Uber Freight division, Moody’s Investors Service has opened a window into some of the transportation management company’s finances.

The recently released Moody’s report did not change the company’s B2 long-term debt rating, which is about halfway on the ladder of speculative debt ratings maintained by Moody’s. All of the B ratings are defined as “speculative and subject to...

https://www.freightwaves.com/news/poised-for-acquisition-transplace-gets-mostly-positive-outlook-from-moodys

Court rules group of UK Uber drivers entitled to minimum wage

The ongoing battle over the classification and pay levels of Uber Technologies (NYSE: UBER) drivers now has a significant decision in the United Kingdom as part of the growing body of law surrounding gig drivers.

In upholding a lower court ruling, the highest court in the U.K. ruled that a group of plaintiffs made up of former Uber drivers were entitled to a minimum wage while working for Uber. According to an article on the ruling in The Wall Street Journal, the lower court decisions “granted...

https://s29755.pcdn.co/news/court-rules-group-of-uk-uber-drivers-entitled-to-minimum-wage