Ground Freight & Logistics

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Yusen Logistics to sign LOI with TRANSCONTAINER

2:00am EDT

Yusen Logistics Co Ltd:To sign letter of intent (LOI) with Japan-based company TRANSCONTAINER LIMITED, for integration of shipping consolidation business by April 2016.To acquire 57,250 shares in TRANSCONTAINER on April 1, to hold 28.625 pct stake (57,250 shares) up from 0 pct stake.

Globaltrans Investment PLC recommends no FY 2014 dividend payment

12:02am EDT

Globaltrans Investment PLC:Says its board has recommended not to distribute a dividend in respect of the financial year ended Dec. 31, 2014.

Yoosung T&S announces change of CEO

Friday, 27 Mar 2015 01:32am EDT

Yoosung T&S Co., Ltd:Appoints Son Hyeon Gon as CEO, effective March 27, replacing Cho Seong Ho.

Genesee & Wyoming Inc completes acquisition of Freightliner Group Limited; Enters into $2.8 bln credit facility

Wednesday, 25 Mar 2015 05:26pm EDT

Genesee & Wyoming Inc:Completes acquisition of about 94 pct of Freightliner Group Limited for about 492 mln pounds, plus the assumption of about 19 mln pounds of net debt and capitalized leases.Members of the existing Freightliner management team will retain an approximate 6 pct economic interest in Freightliner, with G&W to have 100% by mid-2020.In connection with the Freightliner acquisition, G&W also entered into a new five-year senior secured credit facility comprised of a $2.175 bln term loan and a $625 mln revolving credit facility.Expects to have about $475 mln of revolver capacity after the Freightliner closing.

R&I affirms KIMURA UNITY's rating at "BBB" and announces stable outlook

Tuesday, 24 Mar 2015 02:00am EDT

KIMURA UNITY CO LTD:Rating and Investment Information, Inc. (R&I) affirmed KIMURA UNITY's issuer rating at "BBB".Rating outlook stable.

Eagle Cold Storage Enterprise announces FY 2014 dividend payment

Monday, 23 Mar 2015 08:40pm EDT

Eagle Cold Storage Enterprise Co Ltd:To use undistributed profits to pay cash dividend of T$1.00 per share to shareholders for fiscal year 2014.To pay cash dividend of T$119,440,000 in total.

Inui Global Logistics revises consolidated full-year outlook for FY 2015

Monday, 23 Mar 2015 08:30pm EDT

Inui Global Logistics Co., Ltd:Says the company remained the consolidated full-year outlook for revenue at 16,320 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to a loss of 267 million yen from a loss of 188 million yen.Sees a decrease of ordinary profit forecast to a loss of 637 million yen from a loss of 558 million yen.Sees a decrease of net profit forecast to 9,505 million yen from 9,584 million yen.Sees a decrease of earnings per share to 463.62 yen from 467.48 yen.Comments the investment loss is the main reason for the forecast.

Kansas City Southern lowers FY 2015 revenue guidance; gives Q1 2015 outlook below analysts' estimates

Monday, 23 Mar 2015 08:00am EDT

Kansas City Southern:Expects FY 2015 revenue guidance to be low single-digit.Expects Q1 2015 revenue guidance to be about flat quarter to date to 2014.Expects Q1 2015 adjusted diluted EPS to be flat to slightly higher than first quarter 2014.Reported revenue of $2.577 bln in FY 2014.Reported revenue of $607 mln and EBITDA of $251 mln in Q1 2014.FY 2015 revenue of $2.722 bln - Thomson Reuters I/B/E/S.Q1 2015 revenue of $639 mln and EBITDA of $286 mln - Thomson Reuters I/B/E/S.

Sea & Land Integrated announces FY 2014 dividend payment

Monday, 23 Mar 2015 05:01am EDT

Sea & Land Integrated Co:To use undistributed profits to pay cash dividend of T$1.50 per share to shareholders for fiscal year 2014.To pay cash dividend of T$111,892,251 in total.To use undistributed profits to distribute new shares worth T$0.50 per share as stock dividend.To distribute stock dividend of 3,729,741 shares in total.

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