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Telematics Providers Merging in $85 Million Deal
TORONTO and VANCOUVER - Two Canadian based telematics providers have reached an agreement to merge, creating a company with more than 150,000 subscribers across Canada and the U.S. BSM Technologies Inc. a provider of remote monitoring, fleet management, and fleet diagnostics systems; and Webtech Wireless Inc., which provides GPS fleet management systems, said on Thursday they have entered into a definitive agreement creating a company worth $85 million. The deal, which has been approved by both company's board of directors, calls for BSM to acquire all of the outstanding Webtech common shares.
Canada Directs $16.5 Million to Western Freight Movements
OTTAWA - The Canadian government on Wednesday announced it will spend approximately $16.5 million on nine transportation infrastructure improvement projects in British Columbia to help freight more efficiently. All are for Canada's Asia-Pacific Gateway, an investment and policy initiative focused on increasing trade with the Asia-Pacific region by improving the region's network of seaports, airports, railways, roadways and border crossings across Western Canada. According to Transport Canada, these new projects will reduce bottlenecks, address capacity issues and enhance the efficiency of the transportation system in moving goods, services and people to and from the fast-growing Asia-Pacific economies.
That Construction Worker You See May be a Cop
ATLANTA, GA -- If Canada follows the American trend of seemingly non-stop election campaigns and politicians' preoccupation of having more law and order, even through crime rates are dropping like the mercury in the Winter, truckers using their cellphones while driving could find themselves being pulled over in and around road construction zones.
Maine Targets New Brunswick Truckers with New Law
AUGUSTA, ME -- Citing the state of Maine is losing a "significant amount of money" from Canadian truckers who take but don't pay tolls for using the Maine turnpike, lawmakers have overridden a veto of legislation by Gov. Paul LePage, allowing it to get tougher with scofflaws.
