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In the Marketplace
Gig Economy rideshare provider, Uber, has launched Uber Freight, an app that matches trucking companies with loads to haul. According to Uber, vetted users download the app, search for a load, and then tap to book it. A rate confirmation is immediately forwarded, which eliminates a common anxiety in trucking about whether or not the load is really confirmed. The company stated that it is committed to paying within a few days, fee-free, for every load, claiming, “when things don't go as planned or drivers have to wait longer than expected, we pay for that too.” Once a driver begins using the app, the published rates will be guaranteed and the app's GPS will help track the status of the load, and prove to shippers when a driver arrived at a facility.
Penske Truck Leasing of Reading, PA, has entered into an agreement to acquire Richmond, VA-based Old Dominion Truck Leasing. Financial terms were not disclosed. Old Dominion serves approximately 360 customers in diverse industry sectors from 11 locations in five states. The acquisition adds approximately 1,400 tractors, trucks and trailers to Penske's fleet. The transaction is subject to customary closing conditions and the parties anticipate closing this month.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?