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.
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.
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.
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.
TomTom announced it is developing “ultra-fast lane level” traffic technology supporting autonomous driving and mobility.
Research will be done in cooperation with Cisco to leverage roadside data captured by Cisco’s array of sensors…
TomTom announced it is developing “ultra-fast lane level” traffic technology supporting autonomous driving and mobility.
Research will be done in cooperation with Cisco to leverage roadside data captured by Cisco’s array of sensors…
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