General Electric sold its remaining 15.5% equity stake in Penske Truck Leasing Co. to former partners Penske Automotive Group Inc. and MBK USA Commercial Vehicles Inc., a subsidiary of Mitsui & Co. for about $674 million.
Category: News
Navistar makes enhancements to LoneStar tractor
OEM upgrades tractor’s interior to improve driver ergonomics, visibility, and ultimately productivity. It will be available in early 2018.
The International Truck division of Navistar is rolling out what it calls “major enhancements” to its LoneStar highway tractor; deliberately dovetailing the announcement with the start of National Truck Driver Appreciation Week to highlight the “driver-focused” upgrades to its LoneStar family of trucks, originally introduced back in 2008.
Self-Driving Cars Bill in Senate Veers Into Tricky Truck Debate
Senate negotiators released draft legislation meant to spur the introduction of self-driving vehicles, while indicating they were undecided if their measure would encompass trucks and buses.
TA Opens Expanded Call Center for Roadside Assistance
TA Truck Service, a unit of TravelCenters of America, moved its national call center to a 32,000-square-foot facility so its RoadSquad unit can expand its customer base to provide services for additional fleets nationwide.
Wabash Launches Private Offering to Fund Pending Supreme Acquisition
Trailer maker Wabash National Corp. launched a private offering of $325 million in senior unsecured notes as part of the purchase for the previously announced pending acquisition of truck body builder Supreme Industries Inc.
United Van Lines Canada Names Dan Lawrence President
United Van Lines Canada named Dan Lawrence president, with responsibility for the company’s five operating divisions under the corporate group MoverOne Group.
Teletrac Navman asks truckers to share their stories
According to the ATA, there are 3.5 million professional truck drivers in the USA, hauling tons of freight on our interstates each day. To honor these men and women, Teletrac Navman announced it is celebrating National Truck Driver Appreciation Week …
Oil Gains as Irma Weakens to Storm While US Refining Returns
Oil rose as Irma weakened to a tropical storm after hitting Florida, while Gulf Coast refining continued to recover following storm Harvey.
Carriers and law enforcement working better together
In my previous IdeaXchange post I mentioned how drivers can interact with officers and inspectors to make inspections go as smoothly as possible.
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Simple tips for improving employee engagement
The largest percentage of your employees are probably just putting in their time, sleepwalking through their workday, not doing anything to harm your business but not engaged either. At least that is what a recent Gallup poll said, according to Dick …