Trucking Technology Report - May 30
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Both the online report and e-mail are sponsored by @Track Communications, a supplier of wireless communications and dispatch services.
Today's Technology Headlines:
- Wireless Internet Still on Schedule
- Freight Exchange Launches New Software
- Motorola Debt Rating Lowered
- Lufthansa, Deutsche Post Form Venture
Wireless Internet Still on Schedule
A recent study conducted by research firm Butler Group predicts that handset ownership will surpass PC ownership by 2005. Butler also predicts that this change will have profound implications on enterprises.The study predicts that always-on wireless connections will have a similar impact on business operations as the introduction of e-mail services. Butler research director Jacques Hale says the industry should shift its focus from standards debates and market projections to the potential advantages of wireless Internet offerings.
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Freight Exchange Launches New Software
The wholesale freight exchange for carriers and forwarders Global Freight Exchange has launched its permanent booking functionality.The Internet-based firm says the permanent-booking functionality enables participating forwarders to place automated bookings against pre-agreed capacity offered by airlines. GF-X will be working with participating forwarders and carriers to implement the new software. Journal of Commerce Online (05/29/01)
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Motorola Debt Rating Lowered
Moody's Investors Service lowered Motorola's long-term debt rating from A2 to A3.Moody began its review of the company on Feb. 23. The lowered rating was the latest blow to Motorola, which had its credit rating downgraded by Standard & Poor's last week. Moody said it reduced Motorola's credit rating to reflect the company's recent financial struggles, particularly the uncertain fate of its core operating units.
Additionally, Moody downgraded Motorola's preferred stock from A2 to Baa1. However, a Motorola spokesman maintains the company is in good financial standing. He notes the company has reduced its debt from $6 billion at the conclusion of last year to $2 billion this May. Wall Street Journal (05/30/01)
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Lufthansa, Deutsche Post Form Venture
Deutsche Post AG, Germany's government-run postal service, and Lufthansa AG have formed Trimondo GmbH, a joint venture for online purchasing.The venture will create an Internet marketing Web site to purchase supplies in Europe, and will allow Deutsche Post and Lufthansa to save "millions in costs," according to officials at the companies.
More than 100 companies are expected to use the site. Journal of Commerce Online (05/29/01)
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