Category: Fleet Management

Heartland Express acquires Interstate Distributor Co.

Heartland Express, Inc. announced it has acquired 100% of the outstanding stock of Interstate Distributer Co. (IDC) from Saltchuk Resources, Inc.

The enterprise value of the transaction was approximately $113 million.  The transaction was funded through $94 million of Heartland’s existing cash, plus assumption of approximately $23 million of IDC’s debt, and acquisition of $4 million in cash on IDC’s balance sheet. Heartland said it expects to pay off all of IDC’s debt after closing.

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Heartland Express acquires Interstate Distributor Co.

Heartland Express, Inc. announced it has acquired 100% of the outstanding stock of Interstate Distributer Co. (IDC) from Saltchuk Resources, Inc.

The enterprise value of the transaction was approximately $113 million.  The transaction was funded through $94 million of Heartland’s existing cash, plus assumption of approximately $23 million of IDC’s debt, and acquisition of $4 million in cash on IDC’s balance sheet. Heartland said it expects to pay off all of IDC’s debt after closing.

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A vehicle safety net … sort of

Technology can’t totally replace human instincts

All sorts of technological changes are occurring to commercial vehicles large and small these days—to the point where a variety of them are actually driving themselves, no human hands on the wheel required.

While self-driving trucks (at this point at least) still remain something of a future endeavor, other new technologies enjoy broader usage across the industry, especially in terms of safety: blind spot detection, collision mitigation, automatic emergency braking, and electronic stability control, to name a few.

read more

A vehicle safety net … sort of

Technology can’t totally replace human instincts

All sorts of technological changes are occurring to commercial vehicles large and small these days—to the point where a variety of them are actually driving themselves, no human hands on the wheel required.

While self-driving trucks (at this point at least) still remain something of a future endeavor, other new technologies enjoy broader usage across the industry, especially in terms of safety: blind spot detection, collision mitigation, automatic emergency braking, and electronic stability control, to name a few.

read more