Kalyn Siebert Launches VersaMAXX Gatesville, TX – 2017 – Premium heavy-duty trailer manufacturer Kalyn Siebert has announced production of a new low-profile trailer designed specifically for large vehicle transport and recovery operations in metros and locations that demand the utmost in capacity, versatility, maneuverability and ease of use. The VersaMAXX […]
Celadon Group Announces Amendment to Revolving Credit Facility, New $22.6 Million Financing, and Other Matters
INDIANAPOLIS, Oct. 2017 — Celadon Group, Inc. (“Celadon” or the “Company”) (NYSE: CGI) today announced an amendment to its primary credit facility, a separate equipment financing to afford additional liquidity, and certain corporate updates. Chief Executive Officer, Paul Svindland, commented: “Over the past two months, Celadon has adopted a new strategic plan and is […]
Ritchie Bros. sells US$52+ million of equipment and trucks in Fort Worth, TX
Online buyers purchased approximately 58 percent of the equipment FORT WORTH, TX, Sept. 2017 – Ritchie Bros. Auctioneers held a two-day auction at its site in Fort Worth, TX this week, selling 3,800+ equipment items and trucks for US$52+ million. More than 4,900 people from 55 countries registered to bid in the unreserved public auction […]
Sell-Out Crowd Sees Huge Bandit Wreck at Highland Rim
BLOOMING PRAIRIE, Minn., Sept. 2017 — Quarter-mile tracks always make things interesting, but Saturday’s Minimizer Bandit Big Rig Series wreck at Highland Rim Speedway left a sold-out crowd speechless. After several tight heat and challenge races, Mike Morgan (#88) and Allen Boles (#3) went all out to try and steal the $10,000 feature race check. Unfortunately, the two made contact in turn four […]
BorgWarner Completes Acquisition of Sevcon
AUBURN HILLS, Mich., Sept. 28, 2017 — BorgWarner announced today that it has finalized its acquisition of Sevcon, Inc. (Sevcon). A global player in electrification technologies, Sevcon complements BorgWarner’s power electronics capabilities utilized to provide electrified propulsion solutions. Sevcon’s annual sales for 2017 are expected to be approximately $60 million. The acquisition is expected […]
Pilot Flying J Celebrates Professional Drivers Through the Return of its Annual Road Warrior Program
Contest to celebrate “heroes on the road” for their hard work, perseverance and passion #ThankYouDriver KNOXVILLE, Tenn., Sept. 2017 — Now in its fourth year, Pilot Flying J today announced the return of its annual Road Warrior program, a contest that honors professional drivers who go the extra mile to ensure that products […]
KAG Proactively Addresses Driver Shortage
Implementing Driver Pay Initiative NORTH CANTON, Ohio, Sept. 2017 — The Kenan Advantage Group, Inc. (KAG), North America’s largest bulk transportation and logistics provider, is implementing a pay increase strategy designed to proactively address the rapidly worsening driver shortage issue facing the entire trucking industry. The program calls for guaranteed pay increases for the next […]
Trucking Industry Congratulates Ray Martinez on Nomination to Head FMCSA
Longtime Vehicle Administrator Will Bring Professionalism and Safety Focus to Role ARLINGTON, Va., Sept. 2017 — Trucking industry officials expressed their congratulations to New Jersey Motor Vehicle Commission Chief Administrator Ray Martinez on his nomination to lead the Federal Motor Carrier Safety Administration. “Mr. Martinez is well-known to our industry from his work in New […]
TransForce, Inc. Acquires Driving Ambition, headquartered in Indiana
ALEXANDRIA, Va., Sept. 2017 — TransForce, Inc., the nation’s leading workforce management firm specializing in commercial truck drivers, has acquired the assets of Driving Ambition. Driving Ambition is the leading regional provider of high-quality commercial truck drivers serving the Central United States with operations in Indiana, Ohio, Kentucky, Tennessee, Missouri and Michigan. “Driving Ambition is another perfect acquisition for us. Like […]
Navistar – Volkswagen Truck & Bus Alliance Update
– Pursuing a medium-duty vehicle electric powertrain for launch as early as 2019 – Collaborating on fully integrated, next-generation Big Bore powertrains – Exploring common hardware for OnCommand® Connection and RIO brands – Delivering expected synergies with procurement joint venture Volkswagen Truck & Bus Alliance Update ATLANTA, Sept. 2017 — Navistar International Corporation […]