Category: Trucking News

As WeWork Tries to Repair Its Business, There’s a Lot of Space to Fill

(Bloomberg) -- As WeWork prepared for what it thought would be a blockbuster initial public offering, the company built out dozens of new offices and filled them with more than 100,000 desks. Once the IPO imploded, WeWork was left with a lot of space to fill and little cash to bring in new business.The occupancy rate for its buildings dropped to 80% in the third quarter, from 83% a year ago, parent company We Co. said in a business report Friday. The New York-based company also confirmed that it would divest business units, including the event-organizing app Meetup and its investment in the Wing.WeWork said the increase in office vacancies was a result of its rapid expansion, which added new desks it needs to fill. Occupancy in China and elsewhere in Asia were particularly low. A more favorable statistic showed customers were dropping memberships at a reduced rate of 2.7% a month, from 3.9% two...

3 Cannabis Stocks with Major Catalysts from Deals Closing

As the U.S. cannabis market continues to grow, the recent weakness in the sector stocks provides a great opportunity for long term gains while still fraught with high risk. The majority of the stocks in the U.S. cannabis sector are down far more than 50% from the highs reached just this year. The multi-state operators (MSOs) have major catalysts with languishing large deals in the late stages of obtaining approval to where these stocks will finally take the next step higher to general market visibility.The U.S. cannabis sector is already massive and growing at a rapid pace. Arcview Market Research has the market reaching $12.8 billion this year and reaching $30.1 billion by 2024. The sector is forecasted to add ~$3 billion in additional revenues each year through 2024.(Source: Curaleaf presentation)The U.S. stocks don’t face the same problems with a lack of stores or product like in Canada, but the companies...

America Is Getting Left Out of the Global Pork-Price Surge

(Bloomberg) -- The deadly pig disease that’s destroying China’s hog herd has sparked a global frenzy around meat supplies and lifted pork prices all over the world -- everywhere, that is, except in the U.S.While that’s good news for American bacon eaters who are still enjoying relatively cheap rashers, it’s troubling for farmers dealing with a glut and thin profit margins. Hedge funds, meanwhile, seem to be losing patience with the U.S. hog market.African swine fever’s rapid spread has killed millions of pigs in China, the world’s top pork producer and consumer. Even as the Asian nation has signaled it’s ready to import record amounts of meat to deal with the supply gap, Chicago hog futures have been basically stagnant for weeks. That’s because bulging American production has minimized the impact of rising exports, which have also been limited by the ongoing U.S.-China trade war.While many analysts expect that supplies will...