Category: Trucking News

Warren Buffett has enough firepower to do a $160 billion deal this year

Warren Buffett's firm Berkshire Hathaway is sitting on a record amount of cash. Berkshire Hathaway has never had this much cash, so naturally people have wide-ranging ideas for how the Warren Buffett-led juggernaut may use it. The bank arrives at that figure by factoring in the record $109 billion of cash Berkshire has on hand and combining it with the company's strong free cash flow.


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UPS shares slide on 2018 outlook, spending plans

The world's largest package delivery company and rival FedEx Corp have already spent billions of dollars upgrading their networks to handle surging e-commerce package volumes, weighing on margins and leaving investors frustrated over the expense. The investments show UPS is betting that if it can handle more volume it can increase the number of packages it delivers to households, and eventually improve margins and profitability, versus pushing for higher prices and less volume, said Stephens analyst Jack Atkins. "If they can't get the delivery density - to date we haven't seen a yearly improvement in density - that's going to be a big problem," Atkins said.


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