News First – 2013-12-23

UPDATED (with reaction): TransForce ups the ante for Vitran with “superior offer”

TORONTO, Ont. -- The bidding war for Vitran Corp. is on. Turns out, TransForce wasn’t willing to sit on the sidelines and see Vitran’s Canadian operations be acquired by Manitoulin Transport.

M&A Insights: Become a four-tool player to maximize company valuation

It’s said in baseball that you can be a five-tool player: throw, run, field, hit, and hit with power, and that gets you a reward: a higher salary.

Trailer orders stay strong in November

COLUMBUS, Ind. -- Trailer orders in November were up 3% month-over-month, with strength concentrated in the dry van, flatbed and liquid tank segments, according to the most recent data from ACT Research.

PIT to conduct first-ever US Energotest trials

MONTREAL, Que. -- FPInnovations’ Performance Innovation Transport (PIT) is bringing its popular Energotest concept to the US, with trials slated to take place Feb. 3-7 in Texas.

US truck tonnage posts record high in November

ARLINGTON, Va. -- US for-hire truck tonnage jumped 2.7% in November, achieving a new record high.

Warranty costs dragging Navistar’s recovery, but order boards strengthening

LISLE, Ill. -- In an earnings call today, Navistar CEO Troy Clarke said the company’s Q4 loss was in part due to “unanticipated pre-existing warranty adjustments” for its EGR-only engines, but that the company is halfway...

TransForce nears closing of Clarke deal, adds landfill capacity for waste division

MONTREAL, Que. -- TransForce announced today it has met all the conditions required to close its deal to acquire Clarke Transport and Clarke Road Transport. The deal should conclude Jan. 1, 2014, the company announced.

Navistar loses $154M in fourth quarter

LISLE, Ill. -- Navistar continues to be dogged by warranty issues related to its previous emissions strategy, and today announced a $154-million loss for the fourth quarter.

Meritor Wabco adds video-capture capabilities to lane departure warning system

TROY, Mich. -- Meritor Wabco has announced its OnLane lane departure warning system now has the ability to record and save videos of critical safety events.

November’s Class 8 truck orders disappoint: ACT Research

COLUMBUS, Ind. -- Final numbers for Class 8 orders in November confirmed a disappointing tally, according to ACT Research.

BCTA releases comprehensive guide to hiring foreign drivers

LANGLEY, B.C. -- The B.C. Trucking Association (BCTA) has created a reference guide for carriers looking to recruit drivers from overseas.

Heavy Duty Remanufacturing Group Summit

Heavy Duty Aftermarket Week

Retail Industry Association Leadership Forum