Fesco Transport Group

American Financial Group, Inc. Announces Third Quarter Results and Declares Special Dividend

Retrieved on: 
Wednesday, November 1, 2023
Professional Services, Insurance, Finance, National Association, P&C, Property, Fesco Transport Group, Policy, Specialty, S&P Global, Transport, NAIC, Environment, 1/3–2/3 conjecture, Growth, A&E, AFG, Asbestos, American Financial Group, Investment, Hurricane Ian, National Association of Insurance Commissioners, Soybean, Calendar, Reinsurance, Life insurance, Rare-earth element, Cryptocurrency

The Company also announced today that its Board of Directors has declared a special cash dividend of $1.50 per share of American Financial Group common stock.

Key Points: 
  • The Company also announced today that its Board of Directors has declared a special cash dividend of $1.50 per share of American Financial Group common stock.
  • This special dividend is in addition to the Company’s regular quarterly cash dividend of $0.71 per share most recently paid on October 25, 2023.
  • With this special dividend, the Company has declared $5.50 per share in special dividends in 2023.
  • We achieved an annualized core operating return of over 18% in the quarter, with strong underwriting results despite elevated catastrophe losses during the quarter.

Amanda K. Brown Joins Seward & Kissel’s Maritime and Transportation Group

Retrieved on: 
Thursday, October 12, 2023
Legal, Finance, Maritime, Consulting, Transport, Banking, Professional Services, Logistics, Supply Chain Management, Other Professional Services, Economic development, George Washington University Law School, New York City Economic Development Corporation, Seward & Kissel, Yale University, Ministry of Maritime Affairs, Transport and Infrastructure, Fesco Transport Group, Seward, Negotiation, Shipbuilding

Seward & Kissel LLP announced today that Amanda K. Brown has joined the firm’s New York office as special counsel in the Maritime and Transportation Group.

Key Points: 
  • Seward & Kissel LLP announced today that Amanda K. Brown has joined the firm’s New York office as special counsel in the Maritime and Transportation Group.
  • “Amanda has a wealth of experience and a rich understanding of maritime and transportation law, especially as it relates to complex financing transactions,” said Seward & Kissel managing partner Jim Cofer .
  • “We’re excited by her return to our firm and the skills she brings to our Maritime and Transportation practice.”
    Brown began her career at Seward & Kissel, where she was an associate from 2006 to 2014.
  • “Amanda is a valuable addition to Seward & Kissel’s maritime and transportation practice,” said Seward & Kissel partner Michael Timpone , head of the firm’s Transportation Finance Group.

American Financial Group, Inc. Announces First Quarter Results

Retrieved on: 
Tuesday, May 2, 2023
Personal Finance, Finance, Professional Services, Other Professional Services, Insurance, International Marxist Group, Specialty, National Association of Insurance Commissioners, CRS, Calendar, AFG, Property, P&C, Transport, AIG, Fesco Transport Group, 1/3–2/3 conjecture, NAIC, Acquisition, Investment, American International Group, Growth, National Association, Environment, Reinsurance, Gasoline, Cryptocurrency

Gross and net written premiums were both up 11% in the 2023 first quarter compared to the prior year quarter.

Key Points: 
  • Gross and net written premiums were both up 11% in the 2023 first quarter compared to the prior year quarter.
  • Crop insurance profitability was also lower year-over-year compared to the very strong results recorded in the first quarter of 2022.
  • Catastrophe losses for this group were $4 million in the first quarter of 2023 compared to $2 million in the prior year quarter.
  • Earnings from alternative investments may vary from quarter to quarter based on the reported results of the underlying investments, and generally are reported on a quarter lag.

American Financial Group, Inc. Announces Fourth Quarter and Full Year Results and Declares Special Dividend

Retrieved on: 
Wednesday, February 1, 2023
Professional Services, Insurance, Finance, Storm, 1/3–2/3 conjecture, Property, Investment, Fesco Transport Group, National Association, Hurricane Ian, American Financial Group, P&C, NAIC, Growth, December 2022 North American winter storm, Transport, Calendar, Specialty, AFG, National Association of Insurance Commissioners, Holding company, Bank, Cryptocurrency, Video game, Reinsurance

The Company also announced today that its Board of Directors declared a special cash dividend of $4.00 per share of American Financial Group common stock.

Key Points: 
  • The Company also announced today that its Board of Directors declared a special cash dividend of $4.00 per share of American Financial Group common stock.
  • Over the past year, we increased our quarterly dividend by 12.5% and paid special dividends of $12.00 per share.
  • The Specialty P&C insurance operations generated underwriting profit of $217 million for the 2022 fourth quarter compared to $281 million in the fourth quarter of 2021.
  • Fourth quarter 2022 results included 3.6 points of favorable prior year reserve development, compared to 5.0 points in the fourth quarter of 2021.

Reefer Container for Pharmaceutical Sector Global Market to Grow at 12.5% Annually Through 2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, October 14, 2022
HVAC, Pharmaceutical, Health, Manufacturing, Adoption, Assistant, Government, Transport, Growth, Royal commission, Strategic National Stockpile, Vaccine, Policy, CAGR, HHS, Personal protective equipment, Hapag-Lloyd, SNS, Bureau of Economic Analysis, Temperature, Pharmaceutical marketing, PPE, Economics, United States Department of Health and Human Services, Bureau, Office of the Assistant Secretary for Preparedness and Response, Fesco Transport Group, COVID-19, European Commission, Cardinal Health, Pharmaceutical industry

The "Reefer Container for Pharmaceutical Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application Type and Container Size" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Reefer Container for Pharmaceutical Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application Type and Container Size" report has been added to ResearchAndMarkets.com's offering.
  • The reefer container for pharmaceutical market is expected to reach US$ 6,391.8 million by 2028 from US$ 2,846.7 million in 2021.
  • The growth of the reefer container for pharmaceutical market in North America is primarily attributed to the increasing demand for refrigerated medicines, vaccines, and blood plasma along with the government policies encouraging international trade.
  • The growing initiatives from the European Commission for designing regulations and policies drive the growth of the reefer container for the pharmaceutical market in Europe.

Caterpillar Expands Construction Industries Portfolio with Four Battery Electric Machines

Retrieved on: 
Tuesday, October 4, 2022
Solution, Caterpillar Inc., Mining, 100,000, Government, Resources Industry Development Board, XXV, AC, Technology, Industry, Private Securities Litigation Reform Act, Compliance, Workplace, Multimedia, OEM, Geography, Recycling, View, COVID-19, Failure, XV, Goal, GC, 2011 New Year Honours (New Zealand), Information technology, U.S. Securities and Exchange Commission, Construction industry of India, Xi, NYSE, Energy, Environment, Security (finance), Transport, Social media, Fesco Transport Group, Renewable energy, Bank, Caterpillar

The machines are powered by Caterpillar battery prototypes and include an onboard AC charger.

Key Points: 
  • The machines are powered by Caterpillar battery prototypes and include an onboard AC charger.
  • "Caterpillar is well positioned to help customers reach their sustainability goals, including lowering emissions on the jobsite," said Construction Industries Group President Tony Fassino.
  • Built on proven Caterpillar technology, the lithium-ion battery range features a modular design that offers flexible configurations across multiple applications.
  • Caterpillar does business on every continent, principally operating through three primary segments Construction Industries, Resource Industries and Energy & Transportation and providing financing and related services through our Financial Products segment.

Allied Energy Provides Natural Gas Data From Third Party on New Thiel Lease Acquisition

Retrieved on: 
Thursday, September 1, 2022
Well, Independent Petroleum Association of America, Private Securities Litigation Reform Act, Ageing, Ownership, Press release, GLOBE, Intention, Company, News, Prometheus, Knowledge, Risk, Natural gas, OTC Markets Group, Alliance, Acquisition, Longevity, Thiel, Oil, Fesco Transport Group

During this time the Thiel Well reported numbers of approximately 8,080,000 cubic feet of natural gas per day (or about 880MCF per day).

Key Points: 
  • During this time the Thiel Well reported numbers of approximately 8,080,000 cubic feet of natural gas per day (or about 880MCF per day).
  • The Company is moving forward with a plan to begin leveraging the natural gas production of the Thiel.
  • CEO George Montieth commented on the Fesco test of the Thiel Well: "Data is everything in the oil and gas business.
  • Allied believes it has a unique and environmentally friendly solution to harvest and utilize the natural gas at many of these wells.

SMG Industries, Inc. Reports Financial Results for Its First Quarter 2022

Retrieved on: 
Wednesday, May 18, 2022
Company, SMG, Depreciation, Mission statement, Transport, Total, Fesco Transport Group, SG, Growth, COVID, Annual report, GLOBE, Video game, Life insurance

HOUSTON, TX, May 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire - SMG Industries, Inc. (the “Company”) (OTCQB:SMGI), a growth-oriented transportation services company focused on the domestic infrastructure logistics market, today reported financial results for its first quarter 2022 and released its 2022 Quarterly Report on Form 10-Q.

Key Points: 
  • Transportation Services Company Reports $16.1 million in Revenues for First Quarter 2022, an Increase of approximately 112% from Q1, 2021
    HOUSTON, TX, May 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire - SMG Industries, Inc. (the Company) (OTCQB:SMGI), a growth-oriented transportation services company focused on the domestic infrastructure logistics market, today reported financial results for its first quarter 2022 and released its 2022 Quarterly Report on Form 10-Q.
  • Higher sales covering more fixed costs within cost of sales generated a higher gross margin in Q1, 2022.
  • Mr. Matt Flemming, Chairman of SMG, stated We are pleased to report a 112% increase in revenues for the first quarter 2022 compared to Q1, 2021.
  • About SMG Industries, Inc.: SMG Industries is a growth-oriented transportation services company focused on the domestic infrastructure logistics market.

SMG Industries, Inc. Reports Financial Results for Fiscal Year 2021

Retrieved on: 
Tuesday, April 19, 2022
SMG, COVID-19, Administration, Annual report, Transport, GLOBE, Depreciation, Review, Company, General officer, Asset, Fesco Transport Group, Animal, Oil

HOUSTON, TX, April 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire– SMG Industries, Inc. (the “Company”) (OTCQB:SMGI), a growth-oriented transportation services company focused on the domestic infrastructure logistics market, today reported financial results for the full year ended December 31, 2021 and released its 2021 Annual Report on Form 10-K.

Key Points: 
  • Adjusted Gross Margins, after deducting 2021 depreciation expenses (a non-cash charge) of $5,398,529, were $4,797,938 for the year ended December 31, 2021.
  • Selling, General and Administrative expenses as a percentage of sales improved to 16.1% of revenues in 2021 compared to 19.8% of revenues for the year ended December 31, 2020.
  • Further information is available, including managements discussion and analysis of the financial results and disclosures, in the Companys 2021 Annual Report on Form 10-K filed April 15, 2022.
  • About SMG Industries, Inc.: SMG Industries is a growth-oriented transportation services company focused on the domestic infrastructure logistics market.

SMG Industries, Inc. Announces Preliminary Unaudited Revenue Results for the Year 2021

Retrieved on: 
Friday, January 28, 2022
Fesco Transport Group, COVID-19, CFO, SMG, Transport, Annual report, The Company, Company, GLOBE, Oil

HOUSTON, TX, Jan. 28, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- SMG Industries, Inc. (“SMG” or the "Company") (OTCQB:SMGI), a growth-oriented transportation services company focused on the domestic infrastructure logistics market, today announced that its preliminary unaudited results of consolidated revenues from operations for the year ended December 31, 2021 were approximately $51.7 million, representing an increase of about 93% from its comparable year ended December 31, 2020 of $26.6 million. Unaudited revenues for the fourth quarter ended December 31, 2021 were approximately $17.08 million, an increase of about 113% from $7.99 million in the fourth quarter 2020.

Key Points: 
  • Unaudited revenues for the fourth quarter ended December 31, 2021 were approximately $17.08 million, an increase of about 113% from $7.99 million in the fourth quarter 2020.
  • SMG continued to benefit from improved general economic activity levels as Covid-19 restrictions were eased and infrastructure and manufacturing customer activity increased.
  • The terminal expansion that diversified 5J into flatbed and transportation brokerage initiated in the second quarter of 2021 contributed to this revenue growth.
  • About SMG Industries, Inc.: SMG Industries is a growth-oriented transportation services company focused on the domestic infrastructure logistics market.