Transportation

New Hertz CEO faces tough drive out of ditch

14 Dec 2016

Kathryn Marinello has a great résumé. The problem is that she's the $2 bln rental-car outfit's third boss in two years, and activist investor Carl Icahn looms in the back seat. Earnings just took a hit, leverage is high, and the sharing economy is undermining Hertz's model.

Politics hampers delivery of good postal bid

1 Dec 2016

Belgium's Bpost has made a final offer of 2.5 billion euros for Dutch rival PostNL. The deal is a play for the fast-growing parcel business. With the target's shares trading below the offer, Dutch government opposition may scupper delivery of a good deal for investors.

China’s “bicycle Ubers” worth taking for a spin

25 Oct 2016

MoBike and ofo are billed as sexy pedal-powered answers to the ride-hailing app. The startups, backed by local tech giants, are actually asset heavy and capital-intensive. They face unique risks, but pairing smart hardware with rental economics justifies some enthusiasm.

Aussie $7 bln port deal reveals seller’s market

19 Sep 2016

The latest privatisation Down Under sees a consortium leasing Melbourne's port for a punchy 25 times EBITDA. It underscores the huge global appetite for assets offering decades of reliable returns - and is a reminder that Australia can afford to be picky over new owners.

Deutsche Post 2020 goals face delivery challenge

3 Aug 2016

The German logistics group is playing catch up. Results surpassed analysts' expectations for the second quarter in a row. Yet CEO Frank Appel's ambitious medium-term operating profit targets are still a stretch after 2015 setbacks. He will have to run faster to deliver on time.