On Wednesday, Pitney Bowes Inc. (NYSE:PBI)’s shares declined -0.07% to $20.80.
Borderfree, a partner of Pitney Bowes Inc. (PBI), Borderfree, a market leader in international cross-border ecommerce solutions, recently declared it has expanded its platform to reach more than 220 countries and territories, counting high potential emerging luxury ecommerce markets. This expansion of scope comprises an additional 120 countries and 15 currencies, maximizing global consumer reach for its clientele of leading retailers.
Borderfree removes the barriers to international cross-border ecommerce with proprietary technology and services that allow retailers to easily market and sell to consumers in every corner of the globe. Focused on increasing international sales for retailers through a variety of channels, Borderfree’s robust capabilities assist to close the gap between U.S.- and UK-based merchants and international shoppers, handling everything from global marketing, website localization, compliance, multi-currency pricing, payments, fraud administration, global logistics, local market intelligence and more.
Pitney Bowes Inc. provides technology products and solutions in the United States and internationally. The company operates through Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions segments. The Small and Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment and supplies, software, and postage meters; and provides revolving credit and deposit solutions, and support services.
Resource Capital Corp. (NYSE:RSO)’s shares gained 0.78% to $3.90.
Resource Capital Corp. (RSO) declared that it will release its second quarter 2015 operating results on Tuesday, August 4, 2015, after market hours, and invites investors and other interested parties to listen to the live webcast of its conference call on Wednesday, August 5, 2015, at 8:30 a.m. Eastern Time.
Resource Capital Corp., a diversified real estate investment trust, primarily focuses on originating, holding, and managing commercial mortgage loans and other commercial real estate-related debt and equity investments in the United States. The company invests in commercial real estate-related assets, such as first mortgage loans; first priority interests in first mortgage real estate loans; subordinate interests in first mortgage real estate loans; mezzanine debt; commercial mortgage-backed securities; commercial real estate; and residential mortgage loans and mortgaged-backed securities.
At the end of Wednesday’s trade, Greenbrier Companies Inc (NYSE:GBX)‘s shares surged 1.81% to $47.70.
Greenbrier Companies Inc (GBX) declared that it has closed on the formerly stated acquisition of a 19.5% ownership stake in Amsted-Maxion Hortolandia, the leading railcar manufacturer in South America, for about $15 million. Greenbrier has an option to acquire an additional 40.5% ownership interest, to be exercised no later than September 30, 2017.
Amsted-Maxion Hortolandia will use Greenbrier’s planned investment to pay down outstanding debt and position the company for future growth. Amsted-Maxion Hortolandia holds an estimated 70% annual market share in the South American new railroad freight car market. Market demand in Brazil is forecast to exceed about 4,000 new railcars annually for the near term and potentially through the end of this decade. Longer term new railcar demand is predictable to enhance significantly in Brazil, the world’s 7th largest economy measured by GDP. This demand is predictable to be driven by both its extensive investment in infrastructure, counting plans to expand and modernize the Brazilian railway network, and an aging railcar fleet where more than 60% of rail freight rolling stock is 30 years or older and less efficient than the railcar design technology accessible.
Amsted-Maxion, a 50/50 joint venture between Amsted Rail and Iochpe-Maxion, will continue to own the remaining 80.5% in Amsted-Maxion Hortolandia. In 2013, Greenbrier and Amsted-Maxion established a relationship in Brazil by entering into a licensing agreement related to the production of intermodal railcars designed by Greenbrier.
The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing Segment offers double-stack intermodal railcars; tank cars; auto-max railcar, multi-max auto rack, and flat cars for automotive transportation; conventional railcars, such as boxcars, covered hopper cars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, gondolas and coil cars, coal cars, sliding wall cars, and automobile transporter cars; and marine vessels, counting conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
Newpark Resources Inc (NYSE:NR), ended its Wednesday’s trading session with -2.09% gain, and closed at $7.96.
Newpark Resources, Inc. (NR) declared that it will release its second quarter 2015 results on Thursday, July 30, 2015 after the market closes. In conjunction with the release, the Company has planned a conference call, which will be broadcast live over the Internet, on Friday, July 31, 2015 at 10:00 a.m. Eastern / 9:00 a.m. Central.
Newpark Resources, Inc. provides various products and services primarily to the oil and gas exploration industry. The company operates in two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services for technical drilling projects involving complex subsurface conditions, such as horizontal directional, geologically deep, or deep water drilling. This segment also grinds barite and other industrial minerals.
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