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Investegate |Plutus PowerGen PLC Announcements | Plutus PowerGen PLC: Notice of AGM
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North Dakota Bill Proposes Road Train Pilot
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TravelCenters of America Reports Q4 Net Loss, Eyes Alt Fuels
TA s fuel gross margin dropped 46.3% to $79.3 million in the fourth quarter compared with $147.6 million a year earlier. (TravelCenters of America)
TravelCenters of America Inc. reported a fourth-quarter loss and a decline in revenue as diesel gross margins plunged and pandemic-related restrictions remained in place at some of its restaurants.
The company also noted it is preparing for the alternative energy market.
For the period ended Dec. 31, the company reported a net loss of $7.2 million, or a loss of 42 cents per share, compared with net profit of $43.1 million, $5.29, a year earlier.
Feb 25, 2021
New freight bidding tools are helping carriers of all shapes and sizes operate at scale to find more contract opportunities.
The spot market has been transformed by digitization. Shippers, third-party logistics (3PL) providers and motor carriers are using the latest technology to stay connected and share real-time visibility of available loads, capacity and pricing.
Spot market transactions account for a fraction of total freight volume, however. Freight procurement is and always has been a much larger opportunity for digital transformation. Here’s why: On average, about 80% to 90% of shipments go through a freight procurement process known as a freight bid or request for proposal (RFP).
Chinese Trucking Startup Files Confidentially for US IPO
China’s Uber-like startup Full Truck Alliance confidentially has filed for an initial public offering that could raise at least $1 billion as soon as this year, according to people familiar with the matter.
The startup backed by Tencent Holdings Ltd. handed in its IPO filing in the U.S. recently, the people said, requesting not to be identified because the matter is private. Full Truck Alliance is working with Morgan Stanley and China International Capital Corp. on its American debut after eking out a slim 2020 profit thanks to a pandemic-era shipping surge, the sources said.
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