Tag: Transportation

Lyft-ing up or Falling Fast?: Lyft Becomes the First Rideshare Company to IPO

Lyft inc. [LYFT: NASDAQ] – Market Cap as of 5/4/2019 $21.28bn Introduction  On March 29, Lyft – a leading US ride-hailing company – went public on the Nasdaq. Its IPO price settled at the top end of the pricing range, with shares at $72 a piece valuing the company at nearly $24bn. The offering ranked […]

Transportation is getting hot: US trucking companies Knight and Swift to merge in an all American new giant

Swift Transportation Co (SWFT:NYQ) – market cap as of 29/04/2017: $3.27bn Knight Transportation Inc. (KNX:NYQ) – market cap as of 29/04/2017: $2.76bn Introduction On April 10, 2017, Swift and Knight have agreed to merge in an all-stock transaction that is expected to create the largest player in the Transportation and Truckload industry. The combined entity, […]

A Railway over the Wall: Grupo Mexico Acquires Florida East Coast Railway for $2.1bn

Grupo Mexico S.A.B. de C.V. (BMV: GMEXICOB) — market cap as of 07/04/2017: MXN438.12bn ($23.47bn) Introduction On March 28, 2017, Mexican mining and railroad conglomerate Grupo Mexico SAB has agreed to buy Florida East Coast Railway Holdings Corp. (FEC) in a $2.1bn deal. By means of this purchase, Grupo México Transportes (Grupo Mexico’s transport subsidiary) […]

“Merger Without a Cause” – Starring Sysco and Brakes

Sysco Market Cap: $24.43bn (as of 26/02/2016) The companies Sysco Founded in 1969 and headquartered in Houston, Sysco (Systems and Services Company), together with its subsidiaries and 200 distribution facilities (US, Bahamas, Canada, Ireland), focuses on marketing and distributing a range of food and related non-food items to the foodservice and food-away-from-home industry, serving restaurants, […]