PLM Fleet Relocates Missouri Branch
'PLM Fleet is pleased to open this new location to better serve businesses in St. Charles and St. Louis, Missouri,' said Jerry Keane, VP and General Manager, Rental.
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PLM Fleet has the nation's largest and most diverse selection of refrigerated equipment, ranging in lengths from 28 to 53 feet, with single-temperature, multiple-temperature, or electric-only, including versatile liftgate options. Every rental includes PLM's On-Site Mobile maintenance and 24/7 emergency break-down service. PLM offers pick up and drop off service, and a dedicated team of in-house fleet managers. With the innovative PLMServiceCode™, customers can request and monitor all service requests, track repairs to completion, and view their trailer licensing and registration.
'We are pleased to open this new location to better serve the expanding business district of St. Charles and St. Louis, Missouri,' said Jerry Keane, VP and General Manager, Rental. 'With this new branch, PLM is conveniently situated to support the cold storage and refrigerated transportation in this thriving region.'
The new PLM branch is located at 40 Karydan Court, St. Charles, MO, 63301.
PLM Fleet has a network of 35 branches in all the key markets nationwide. At all of PLM's branches, customers can rent equipment for a year, month or even one day. With over 15,000 units, PLM has the nation's largest and most versatile selection of refrigerated equipment. Known for innovating refrigerated fleet management, PLM can be found at plmfleet.com.
About PLM Fleet, LLC
PLM Fleet ® is the largest nationwide, technology-driven company dedicated to refrigerated trailer leasing and cold supply chain solutions. Located in the state-of-the-art fleet solutions center in Newark, NJ, PLM has the largest assortment of refrigerated trailers in the U.S. Visit plmfleet.com to review all the financing, technology and services that help our customers improve fleet and product lifecycle efficiencies and cost savings in the cold supply chain.
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Business Wire
9 hours ago
- Business Wire
VIQ Solutions Posts Fifth Straight Positive Adjusted EBITDA Quarter
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Adjusted Operating Loss: $0.8 million, compared to $0.6 million from the same period in the prior year. First Half 2025 Financial Highlights Revenue: $20 million, decrease of 7%, from the same period in the prior year, reflecting the timing of customer volumes and market conditions. Gross Margin: Nearly 50%, up from 44.9% from the same period in the prior year, driven by automation and productivity gains. Adjusted EBITDA: $1.8 million, increase of $1.1 million or 164% from the same period in the prior year, reflecting sustained cost discipline and efficiency gains. Adjusted Operating Loss: $1.5 million, an improvement of $0.9 million. Strategic and Operational Highlights Landmark SaaS Court Deployment: In July 2025, VIQ secured its largest SaaS engagement to date, implementing NetScribe® across 9 judicial districts and 22 counties in the U.S. Midwest. This milestone accelerates VIQ's transition to a higher-margin, subscription-based revenue model. AI-Driven Workflow Automation: The deployment integrates NetScribe®, aiAssist™, Advanced Formatter, supporting internally produced transcription with scalability and optional add-ons including domain-specific language models, advanced post-processing rules, multilingual support, and automated summarization. First Half 2025 Organic Bookings Momentum: VIQ secured $1.9 million of new bookings during first half of 2025, supporting ongoing gross margin expansion and strengthening long-term free cash flow prospects. Management Commentary 'In the first half of 2025, VIQ delivered 164% growth in Adjusted EBITDA, expanded gross margins to nearly 50%, and achieved our fifth consecutive quarter of positive EBITDA,' said Alexie Edwards, CFO of VIQ Solutions. 'While we reported a net loss, this includes approximately $2.0 million in non-cash expenses, such as depreciation, amortization, and stock-based compensation, with $1.1 million recorded in Q2. These charges impact earnings per share but do not affect our cash flow.' 'With our largest SaaS deployment now in motion, increased bookings, and a clear focus on strengthening the balance sheet and reducing debt, we are expanding our financial flexibility to reinvest in growth. Our AI-driven platform and automation strategy continue to fuel stronger margins and sustained EBITDA gains, laying the foundation for long-term growth and value creation.' A copy of the Company's unaudited financial statements and accompanying MD&A for the three and six months ended June 30, 2025 (collectively, the 'Financial Information') will be available under the Company's profile on SEDAR+ at Conference Call Details VIQ will host a conference call and webcast to discuss Financial Information on August 14, 2025, at 11:00 a.m. (Eastern time). The call will consist of updates by Alexie Edwards, VIQ's Chief Financial Officer followed by a question-and-answer period. Investors may access a live webcast of the call on the Company's website at or by dialing 1-888-440-4052 (North America toll-free) or +1-646-960-0827 (international) to be connected to the call by an operator using conference ID number 4983233. Participants should dial at least 10 minutes before the call starts. A replay of the webcast will be available on the Company's website through the same link approximately one hour after the conference call concludes. For more information about VIQ, please visit About VIQ Solutions VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the most rigid security environments including criminal justice, legal, insurance, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost. Forward-looking Statements Certain statements included in this press release constitute forward-looking statements or forward-looking information (collectively, 'forward-looking statements') under applicable securities legislation. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward-looking statements typically contain statements with words such as 'anticipate', 'believe', 'expect', 'plan', 'intend', 'estimate', 'propose', 'project' or similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions 'may' or 'will' occur. These statements are only predictions. Forward-looking statements in this press release include but are not limited to statements with respect to the Company's ability to accelerate automation, optimize costs, and improve scalability in the future, expected margin improvement, the Company's focus and its priorities, the filing of the Financial Information on SEDAR+ and the conference call to discuss the Company's financial results. Forward-looking statements are based on several factors and assumptions which have been used to develop such statements, but which may prove to be incorrect. Although VIQ believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because VIQ can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding, among other things, recent initiatives, cost savings from workforce and product optimization, cost reductions from the Company's workflow solutions and that sales and prospects may increase revenue. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that have been used. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the factors described in greater detail in the 'Risk Factors' section of the Company's annual information form and in the Company's other materials filed with the Canadian securities regulatory authorities. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Such estimates and assumptions may prove to be incorrect or overstated. The forward-looking statements contained in this press release are made as of the date of this press release and the Company expressly disclaims any obligations to update or alter such statements, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. Non-IFRS Measures The Company prepares its financial statements in accordance with IFRS. Non-IFRS measures are provided by management to provide additional insight into our performance and financial condition. VIQ believes non-IFRS measures are an important part of the financial reporting process and are useful in communicating information that complements and supplements the consolidated financial statements. Adjusted EBITDA and adjusted operating loss are not measures recognized by IFRS and do not have a standardized meanings prescribed by IFRS. Therefore, Adjusted EBITDA and adjusted operating loss may not be comparable to similar measures presented by other issuers. Investors are cautioned that Adjusted EBITDA and adjusted operating loss should not be construed as alternatives to net income (loss) as determined in accordance with IFRS. For a reconciliation of net income (loss) to Adjusted EBITDA and adjusted operating loss please see the Company's MD&A for three and six months ended June 30, 2025. To evaluate the Company's operating performance as a complement to results provided in accordance with IFRS, the term 'Adjusted EBITDA' refers to net income (loss) before adjusting earnings for stock-based compensation, depreciation, amortization, interest expense, accretion, and other financing expense, (gain) loss on revaluation of options, (gain) loss on revaluation of restricted share units, gain (loss) on revaluation of derivative warrant liability, restructuring costs, strategic review costs, loss on modification of debt, impairment of property and equipment, impairment of goodwill and intangibles, other expense (income), foreign exchange (gain) loss, current and deferred income tax expense. We believe that the items excluded from Adjusted EBITDA are not connected to and do not represent the operating performance of the Company. We believe that Adjusted EBITDA is useful supplemental information as it provides an indication of the results generated by the Company's main business activities prior to taking into consideration how those activities are financed and taxed as well as expenses related to stock-based compensation, depreciation, amortization, impairment of goodwill and intangibles, loss on modification or extinguishment of debt, other expense (income), and foreign exchange (gain) loss. Accordingly, we believe that this measure may also be useful to investors in enhancing their understanding of the Company's operating performance. The term 'adjusted operating loss' refers to net income (loss) excluding the impact of strategic review costs. Management believes it is appropriate to adjust for this item because strategic review costs do not relate to operating activities of the Company and is useful supplemental information as it provides an indication of the results generated by the Company's main business activities. The presentation of this measure enables investors and analysts to better understand the underlying performance of our business activities. We calculate 'bookings' for a given period as the estimated contract value (for services tied to volume) of our recurring client contracts entered into during the period from (i) new clients and (ii) net upgrades by existing clients within the same workload, plus the actual (not annualized) estimated value of professional services consulting, advisory or project-based orders received, software licenses, subscriptions, SaaS, and hardware during the period. Trademarks This press release includes trademarks, such as 'NetScribe', which are protected under applicable intellectual property laws and are the property of VIQ. Solely for convenience, our trademarks referred to in this press release may appear without the ® or TM symbol, but such references are not intended to indicate, in any way, that we will not assert our rights to these trademarks, trade names, and services marks to the fullest extent under applicable law. Trademarks that may be used in this press release, other than those that belong to VIQ, are the property of their respective owners. VIQ Solutions Inc. Interim Condensed Consolidated Statements of Loss and Comprehensive Loss (Expressed in US dollars, unaudited) Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 Revenue $ 10,445,488 $ 11,575,614 $ 20,024,513 $ 21,497,287 Cost of sales 5,436,220 6,312,797 10,040,105 11,841,912 Gross profit 5,009,268 5,262,817 9,984,408 9,655,375 Expenses Selling and administrative expenses 3,866,110 4,328,687 7,676,752 8,639,461 Research and development expenses 179,957 155,416 320,476 320,526 Stock-based compensation 292,682 111,283 291,865 139,816 Gain on revaluation of RSUs (21,482 ) (18,534 ) (19,553 ) (47,311 ) Loss (gain) on revaluation of the derivative Warrant liability 8,260 7,479 1,238 (49,686 ) Foreign exchange gain (354,295 ) (590,719 ) (438,327 ) (487,886 ) Depreciation 175,864 194,237 340,547 389,221 Amortization 658,581 813,889 1,366,158 1,620,346 Interest expense 439,704 405,965 928,326 794,889 Accretion and other financing costs 456,029 425,216 875,059 752,094 Restructuring costs (recovery) 37,349 5,874 36,066 (3,820 ) Strategic review costs 119,124 – 1,294,726 – Other income (1,911 ) (10,208 ) (8,118 ) (21,413 ) Total expenses 5,855,972 5,828,585 12,665,215 12,046,237 Current income tax expense 52,654 6,063 86,933 21,107 Income tax expense 52,654 6,063 86,933 21,107 Net loss for the period $ (899,358 ) $ (571,831 ) $ (2,767,740 ) $ (2,411,969 ) Exchange (loss) gain on translation of foreign operations 16,115 (483,076 ) 15,027 (795,107 ) Comprehensive loss for the period $ (883,243 ) $ (1,054,907 ) $ (2,752,713 ) $ (3,207,076 ) Net loss per share Basic (0.02 ) (0.01 ) (0.05 ) (0.05 ) Diluted (0.02 ) (0.01 ) (0.05 ) (0.05 ) Weighted average number of common shares outstanding – basic 52,563,142 51,348,578 52,449,214 48,065,488 Weighted average number of common shares outstanding – diluted 52,563,142 51,348,578 52,449,214 48,065,488 Expand The following is a reconciliation of Net Loss to Adjusted EBITDA, the most directly comparable IFRS measure for the three and six months ended June 30, 2025, and 2024: The following is a reconciliation of Net Loss to Adjusted operating loss, the most directly comparable IFRS measure for the three and six months ended June 30, 2025, and 2024:
Yahoo
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Less available places to rent could see prices rise ‘by at least 25%', report says
The lack of fresh rental home supply in the UK could see prices rise over the next three months by 25 per cent, a new report has said. It comes as the flow of fresh rental properties coming to market has fallen at its fastest rate in five years, according to surveyors. Thirty-one per cent of surveyors saw new instructions from landlords falling rather than rising, which was the weakest reading since April 2020, the Royal Institution of Surveyors (Rics) said. With less rental properties in the pipeline, prices are anticipated to continue to rise over the next three months by a net balance of 25 per cent, the report said. Despite the 'firmly negative trend' in landlords making their property available for rent, tenant demand held steady in the three months to July, the report added. Looking at the sales market, new home buyer inquiries fell back in July, the report said. A net balance of 6 per cent of property professionals reported new buyer inquiries falling rather than rising in July, indicating a softening in demand compared with the previous month. In June, a net balance of 4 per cent of professionals had seen a rise in fresh inquiries from buyers. The report said that results across different areas appear to be increasingly variable, with relatively weaker demand trends reported in East Anglia, the South East and the South West of England. Sales fell in July, with a net balance of 16 per cent of professionals seeing falls, deteriorating further from a balance of 4 per cent who noted falling sales in June. Looking ahead, those surveyed expect to see little change in sales over the next few months, with a more positive outlook for 12 months ahead. A net balance of 8 per cent of professionals expect to see a pick-up in sales in the year ahead. A net balance of 9 per cent of survey participants saw an increase in the flow of new property listings coming onto the market in July. The latest survey also pointed to a small downward direction in house prices, with a balance of 13 per cent of professionals seeing prices fall. This compared with a balance of 7 per cent seeing price falls in both May and June. Going against the broader trend, prices continue to rise typically in Northern Ireland and Scotland, while professionals based in the North West of England are also seeing prices move higher, the report said. At the other end of the spectrum, prices are reportedly falling at a more significant rate than the national average across East Anglia, Rics added. Rics chief economist, Simon Rubinsohn, said: 'The somewhat flatter tone to the feedback to the July Rics residential survey highlights ongoing challenges facing the housing market. Although interest rates were lowered at the latest Bank of England meeting, the split vote has raised doubts about both the timing and extent of further reductions. 'Meanwhile, uncertainty about the potential contents of the Chancellor's autumn budget is also raising some concerns. Against this backdrop, respondents continue to report that the market remains particularly price sensitive at the present time.' Sarah Coles, head of personal finance, Hargreaves Lansdown said: 'The green shoots of recovery that agents were hopefully nurturing in June have dried up in July, with demand falling, fewer agreed sales, and a slight drop in house prices. The market always falls quiet during the summer holidays, but this is even more of a deathly hush than usual.' She added: 'We're firmly in a buyers' market right now, so there is a real chance to bag a bargain. For anyone who had been tempted to dip into their emergency savings to boost their budget, this is a chance to regroup.' Ms Coles said: 'With tenant demand remaining steady, yet again it means more people chasing fewer homes, and the era of runaway rents isn't over yet. 'The HL (Hargreaves Lansdown) savings and resilience barometer shows this is incredibly tough on everyone – so the average renting household has just £62 left at the end of the month. However, it's particularly horrible for renters living on their own – who end the month with a paltry £24. There's every sign that an awful lot of them have been pushed as far as it's possible for them to go. 'When money is so tight, it's incredibly difficult to cover your costs, let alone put anything aside for a property deposit. However, if you can't build anything at all, there's a risk you'll be locked into a cycle of ever-increasing rents. 'It means it's worth considering all your options. This can include anything from making major compromises on where you live to moving back home for a period. There are also options that don't require any of these sacrifices, such as asking family for help, or giving your deposit a boost from the Government through a Lifetime Isa.' Tom Bill, head of UK residential research at Knight Frank, said: 'The housing market is hitting a series of hurdles this year. April's stamp duty cliff edge was the first and now buyers and sellers are increasingly unsettled by a re-run of last year's game of 'guess the autumn tax rise'. 'We had an interest rate cut this month, but it was priced in and the wider economic mood remains fragile. Supply still notably outstrips demand, which is also keeping a lid on prices.' On Wednesday, financial information website Moneyfacts said that the average two-year fixed-rate mortgage on the market had dipped below 5 per cent for the first time since before former prime minister Liz Truss's so-called mini-budget in September 2022. Moneyfacts said the average two-year fixed homeowner mortgage rate on Wednesday was 4.99 per cent. This was down from 5.00 per cent the previous working day. Jeremy Leaf, a north London estate agent, said: 'Agreed sales are mostly holding, supported by falling mortgage rates and a stable employment environment.' On the lettings sector, Mr Leaf said: 'We noticed that demand has dropped over the past month or so, especially for two-bed flats in older buildings, with more interest in modern, lower maintenance properties.'
Travel Weekly
10 hours ago
- Travel Weekly
Welcome to Mishan Andre's nightmare
Arnie Weissmann Imagine: Your Los Cabos villa-rental business was growing nicely. Your inventory reached almost 100 properties, some of which rent for $35,000 a night. And you've built a portfolio of services for hosts, handling marketing and bookings, rental management and maintenance. You even help hosts find additional properties to grow their businesses and offer interior decorating services. One host, a Las Vegas gaming influencer with more than a million followers, worked with you to buy additional properties and liked the interior designs your wife created so much that he asked for help in designing a home he was building for himself in Las Vegas. But one day it all turns upside down. The influencer steals all your contacts: guests, hosts, vendors, employees, real estate professionals, peers. He uses them to try to build his own competitive villa-rental business. He refuses to honor 24 of the bookings that you made for his properties but keeps the deposits; consequently, you have to pay out of your own pocket to relocate the guests to other villas. To add to the distress, the influencer fashions himself as a Cabo villa-rental influencer and wages a multifront social media campaign to "warn" consumers not to book with you. Among a litany of false claims he makes is that the FBI is investigating you and that you engage in fraud, embezzlement, theft and failure to maintain proper financial records and accounting. He rants (obscenely) against you in videos he posts. Your time is spent answering pointed questions from your network and trying to demonstrate that the accusations are false. Still, some villa owners pull their homes from your inventory. You even have to defend your real estate license before the board of the Multiple Listings Service. Welcome to Mishan Andre's real-life nightmare. He is the owner of Cabo Platinum villa rentals. The influencer is named David Oancea, aka "Vegas Dave." If this were a he-said, she-said debate in which each party had valid complaints against one another, that's not how District Court Judge Timothy C. Williams in Clark County, Nev., saw it. In a searing 19-page judgement against the influencer last month, Williams ordered him to pay Andre and his wife, Danette Reid, more than $30 million. Among Oancea's activities that Williams stated in the judgement was that Oancea (and/or the limited liability corporations he had established) had intentionally interfered with contractual relations, misappropriated trade secrets, engaged in business disparagement, breached an interior design contract, had repeatedly ignored an October 2024 permanent injunction by the judge against possessing and using Cabo Platinum's confidential homeowners list, ignored a second similar injunction, falsely claimed to have destroyed the misappropriate trade secrets, made false accusations in emails and social media posts reaching millions of followers in an effort to disrupt and harm Cabo Platinum's business and reputation, had published multiple advertisements masquerading as legitimate articles in various news publications targeting the Los Cabo tourism market and contacted guests directly and told them to cancel reservations with Cabo Platinum. If there is a small silver lining for Andre, it is that Oancea did not get hold of Andre's list of travel advisors that Cabo Platinum works with. The judgement includes actual damages of almost $10 million and punitive damage for oppression, fraud and malice. Interest brings the total above $30 million. "There is no question that Oancea has acted with the intent to harm Cabo Platinum and its reputation," the judge wrote. "Oancea's conduct has been despicable and has subjected Cabo Platinum to cruel and unjust hardship." Although Andre and Reid prevailed, it has been at significant cost: Andre estimates they've spent $2.5 million in attorney fees -- money that came out of the nest egg they were saving to build their dream house. Meanwhile, Oancera has launched retaliatory lawsuits against the couple. Andre said he believes they have plenty of evidence to successfully defend themselves, but the hassle, and cost, will likely continue. The couple has begun the process to try to assess where Oancea holds his assets. In the judgement, it was noted that Oancea owns $40 million in Los Cabos real estate and evidence was submitted that he spends lavishly on luxury goods, including a $500,000 watch and multiple Birkin bags. Andre has begun a book about his experiences, tentatively called "The Price of Trust," in hopes that something similar won't happen to other property managers and has built a website, that has the full judgement and other court filings as well as examples of Oancea's disparagement campaign. Personally, I enjoy working in travel in part because the vast majority of people in it are remarkably trustworthy. Yes, elbows can be sharp and competitive fervor intense, but it's a relationship business and by and large, people behave ethically. Still, Andre's cautionary tale is a reminder that there are a few among us capable, in the words of Judge Williams, of despicable conduct, cruelty and injustice.
