Category: Business
LEGO Group Boosts Production in Mexico with Major Expansion of Monterrey Factory
MONTERREY, MEXICO – In a strategic move for long-term growth in the Americas, the LEGO Group has unveiled plans to expand its Monterrey, Mexico factory. Carsten Rasmussen, the Chief Operating Officer at the LEGO Group, highlighted the significance of the Monterrey facility, the largest LEGO manufacturing plant globally, emphasizing its pivotal role in the company’s…
Volvo Group Secures Proterra Assets in $210 Million Bid Amidst Chapter 11 Bankruptcy
In a significant development within the electric vehicle industry, Proterra Inc. and Proterra Operating Company Inc. have initiated a voluntary Chapter 11 bankruptcy process in the United States. This financial maneuver paved the way for a high-stakes auction of Proterra’s assets and business, which has now been concluded with Volvo Group emerging as the winning…
CPKC Releases Q3 Financial Results with Adjusted Outlook for 2023
Calgary – Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) has unveiled its third-quarter financial performance, reporting total revenues of $3.3 billion, diluted earnings per share (“EPS”) of $0.84, and core adjusted combined diluted EPS1, 2 of $0.92. Keith Creel, President and CEO of CPKC, expressed his satisfaction with the company’s ongoing journey. He…
Ryder System Reports Q3 2023 Results and Upgrades Full-Year Guidance
MIAMI, FL– Ryder System, Inc. (NYSE: R), a leading provider of supply chain, transportation, and fleet management solutions, has revealed its third-quarter performance for 2023. Despite a challenging freight environment, the company continues to deliver solid results, prompting an upward revision of its full-year guidance. Q3 2023 at a Glance In the third quarter of…
Transfix Secures $40 Million in Series F Funding Round Led by NEA and G Squared
New York, NY – Transfix, Inc., a prominent digital freight brokerage company, has proudly announced the successful closing of its Series F funding round. The funding was spearheaded by New Enterprise Associates (NEA) and G Squared, with additional participation from Canvas. This financial injection further solidifies Transfix’s position in the market, fortifying its path to…