Latest news with #Tradelink
Yahoo
26-06-2025
- Business
- Yahoo
Ledger exec predicts a Fortune 500 company could allocate 10% of its treasury to Bitcoin
Ledger exec predicts a Fortune 500 company could allocate 10% of its treasury to Bitcoin originally appeared on TheStreet. Sébastien Badault, VP of Enterprise at Ledger, warned that large organizations 'cannot have one person hold the keys,' driving demand for multi-signature workflows and sharded master keys. Multi-signature workflows require several authorized approvers to sign off on each transaction, while sharded master keys split key access across multiple secure devices so no single person can move funds alone. Ledger Enterprise combines secure hardware, software and a governance layer so clients define roles and signature thresholds that match institutional risk policies. 'Our DNA is security,' Badault explained, 'but enterprises also demand compliance and operational flexibility.' Staking was an early use case. Ledger Enterprise integrates with staking providers such as Figment and Kiln to give companies choice without sacrificing security. Building on that foundation, the Tradelink service enables off-exchange trading with "no counterparty risk." 'There's no compromise on security to achieve fluidity,' Badault said, noting that Tradelink was built in response to customer feedback. He added rising interest in stablecoins, real-world assets and on and off-ramps will shape upcoming features. Crucially, Ledger Enterprise remains 'the only true self-custody solution that exists in the market today,' because clients — rather than third parties — hold and shard their own keys. Originally serving crypto-native exchanges and custodians, Ledger Enterprise now engages corporates, market makers, brands and government bodies — reflecting the platform's versatility across sectors. Onboarding is highly hands-on, with technical and account teams guiding each client through key generation, sharding and governance configuration to ensure secure deployment at scale. Ledger maintains regional teams in the US, Europe and APAC and participates in regulatory discussions to safeguard self-custody rights. Looking ahead, Badault predicts: 'in 2025, there will be a big Fortune 500 company that will put five or 10% of their treasury in Bitcoin.' As enterprises prepare to allocate substantial treasury percentages to Bitcoin, he believes Ledger Enterprise is uniquely positioned for rapid growth — delivering the security, services and compliance institutions require today and tomorrow. As a sign of its broader ambitions, Ledger recently announced a sponsorship of the San Antonio Spurs, placing its logo on NBA jerseys next season, further bridging institutional-grade crypto custody with mainstream visibility. Ledger exec predicts a Fortune 500 company could allocate 10% of its treasury to Bitcoin first appeared on TheStreet on Jun 26, 2025 This story was originally reported by TheStreet on Jun 26, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RNZ News
23-06-2025
- Business
- RNZ News
Fletcher Building announces hundreds of millions more in restructuring costs
Fletcher Building chief executive Andrew Reding said a strategic review of the business revealed its losses. Photo: Supplied Fletcher Building has announced hundreds of millions of dollars of new restructuring and impairment costs, and continued a suspension of its dividend as it focuses on paying down debt. At an investor day briefing it disclosed estimated losses for the current financial year between $573 million to $781m of significant items which will hit its full-year results to be announced in August. Chief executive Andrew Reding said a strategic review of its businesses revealed the losses. "We expect FY25 EBIT (earnings before interest and tax -- before significant items) to be in the range of $370m to $375m." Specific provisions detailed included the already disclosed $251m writedown of its Australian plumbing business Iplex; $58m lost on the sale of Australian distribution business Tradelink; $12m-$15m on the International Convention Centre; $10m-$15m for defending legal action for the West Australian leaky pipes issue; and just disclosed $16.4m loss on the Puhoi to Warkworth highway. Reding said the additional losses related to restructuring and redundancy costs, goodwill and brand impairments, closure costs and exiting onerous technology contracts. The company said there would be no dividends for shareholders until its net debt level has fallen to the mid-range of $400m to $900m, when the dividend policy would be reviewed. The new guidance was subject to market conditions for the remainder of June which is Fletcher Building's financial year-end. The uncertainty in the estimates related to the timing of housing settlements in its Fletcher Living unit. The company's share price tumbled nearly 4 percent to $2.96 in early trading. In materials presented for the investor day the company said it had made savings of about $200m and cut staff by about 620 full time positions. It said its medium term focus would be on manufacturing and distribution of building products and materials, in a simple and decentralised structure. In February, Fletcher Building reported half-year losses of $134m, and said it expected economic pressures to persist for the remainder of the year. The strategic review has been aimed at streamlining its businesses in New Zealand and Australia, but it did not release any details of businesses that might be sold. The company is also being sued by Sky City Entertainment for hundreds of millions of dollars over delays in completing the International Convention Centre in Auckland. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Los Angeles Times
02-04-2025
- Automotive
- Los Angeles Times
Tradelink Transport Deploys 15 Electric Trucks for Sustainable Drayage Operations at Ports
Tradelink Transport, a minority-owned trucking company based in Compton, is deploying 15 Volvo VNR Electric trucks for drayage operations at the ports of Los Angeles and Long Beach. This marks a major milestone in Tradelink's commitment to reducing emissions and improving air quality in one of the nation's busiest freight corridors. In addition to its battery-electric trucks, Tradelink operates a diverse fleet of 48 trucks that includes 21 compressed natural gas (CNG) trucks and 12 traditional diesel-powered trucks. This strategic mix allows Tradelink to deploy the most efficient and environmentally friendly truck available for each route. The addition of the Volvo VNR Electric trucks strengthens the company's ability to serve its customers while advancing its sustainability goals and paving the way for cleaner port drayage operations. 'Transitioning to battery-electric trucks represents a major shift in business operations and demands collaboration and meticulous planning,' said Peter Voorhoeve, president, Volvo Trucks North America. 'We are immensely grateful to Tradelink Transport for placing their trust in Volvo Trucks and our comprehensive electromobility ecosystem to partner with them on the shift towards zero. Their deployment of 15 Volvo VNR Electric trucks stands as a true example of how visionary fleets can lead the charge in electrification, and help their business reach their sustainability goals while elevating operational efficiency.' Tradelink's battery-electric fleet primarily operates within a 100-mile radius, making runs to the Inland San Bernardino and Riverside areas in the mornings, followed by shorter local moves in the afternoons. The trucks operate five to six days per week, returning to base each evening to be charged overnight. 'Once drivers experience battery-electric trucks, they often don't want to switch back to conventional vehicles,' said Rigoberto Cea, president, Tradelink Transport. 'The Volvo VNR Electric truck provides a smooth, quiet ride, and we've seen strong enthusiasm from our team as they adapt to this new technology.' To ensure a seamless integration of battery-electric trucks into its operations, Tradelink partnered with Volvo Trucks and TEC Equipment – La Mirada. Using Volvo Trucks' Electric Performance Generator (EPG) route planning tool, the team analyzed real-world operating conditions to determine the most efficient routes for the Volvo VNR Electric trucks. The EPG tool evaluates key factors such as vehicle configuration, battery capacity, terrain, temperature, and traffic patterns, ensuring optimal performance and uptime. 'Over the last three years, we have gained valuable insights into deploying battery-electric trucks and the supporting charging infrastructure,' said Cea. 'Having the right team makes all the difference, and Volvo Trucks and TEC Equipment have been invaluable partners in helping us scale our electric fleet. We are also fortunate to have a great landlord who was open and willing to work through the easements when deploying infrastructure.' To support the 15 battery-electric truck acquisition, Tradelink worked with TEC Equipment - La Mirada to leverage California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP), Carl Moyer Program, and the Southern California Edison Drayage Rebate. Tradelink also participated in Southern California Edison's (SCE) Charge Ready Transport Infrastructure program, which covered the civil construction of its five-acre facility through an SCE-approved contractor, with additional work completed by Brytemove Energy. To further support their infrastructure investment, Tradelink received funds through an EnergIIZE grant from the California Energy Commission's Clean Transportation Program that is implemented by CALSTART. 'At TEC Equipment, we understand the critical importance for fleets to adopt more sustainable transportation options and we are thrilled to have supported Tradelink in securing the necessary funding to enable their growing fleet's move to battery-electric trucks,' said Melanie Des Laurier, new truck sales at TEC Equipment. 'Tradelink's new Volvo VNR Electric trucks represent a forward-thinking approach to reducing tailpipe emissions and noise associated with transportation and promoting cleaner air quality.' Information was sourced from Volvo Trucks North America. For more details, contact or pkemp@
