Transportation

Landmark Agreement Addresses ‘Right to Repair’ for Trucks preview image Landmark Agreement Addresses 'Right to Repair' for Trucks article image

Landmark Agreement Addresses ‘Right to Repair’ for Trucks

JACKSONVILLE, FL -- The aftermarket repair industry and truck and engine makers have reached an agreement on the sharing of heavy-duty vehicle service information, which will give truck owners more options for diagnosing and repairing today's heavily computerized commercial vehicles. The Commercial Vehicle Solutions Network and the Truck and Engine Manufacturers Association, together with the Equipment and Tool Institute, the Auto Care Association, and Heavy Duty Aftermarket Canada, have signed a Memorandum of Understanding addressing the availability of service information for model year 2010 and later trucks and buses over 10,000 pounds sold in the United States and Canada.

Truck-Lite Purchased, Penske Relinquishes Majority Interest preview image Truck-Lite Purchased, Penske Relinquishes Majority Interest article image

Truck-Lite Purchased, Penske Relinquishes Majority Interest

FALCONER, NY - Truck-Lite Co. has announced it is being purchased by an affiliate of Koch Equity Development LLC and BDT Capital Partners LLC and will partner with Penske Corp. The move will allow the commercial vehicle and filtration systems provider, owned by Penske and funds affiliated with the private investment firm Kelso & Company, to relinquish its majority control, while allowing Truck-Lite to expand with new products and services, according to a news release.

Omnitracs Unveils Rebranding Effort preview image Omnitracs Unveils Rebranding Effort article image

Omnitracs Unveils Rebranding Effort

DALLAS - The fleet management technology provider Omnitracs LLC says it is rolling out new branding to better unify its different business units under one name. What operated before as independent business units; Roadnet, XRS, Sylectus, and Analytics; are now fully integrated flagship products within Omnitracs' broad range of offerings including: compliance, safety and security, productivity, telematics and tracking, transportation management system (TMS), planning and delivery, data and analytics, and professional services.

Truck Wheels Maker Alcoa Splitting Into Two Companies preview image Truck Wheels Maker Alcoa Splitting Into Two Companies article image

Truck Wheels Maker Alcoa Splitting Into Two Companies

NEW YORK - A company known for its truck wheels, among other lighter weight metal products, plans to separate into two independent, publicly traded companies. The move by Alcoa Inc. will result in a yet to be named company, what it currently calls "the value-add company," that will include its transportation, rolled, engineered and construction products. The other will keep the Alcoa name and will include its bauxite-mining, alumina-refining and aluminum-production businesses. The transaction, expected to be completed in the second half of 2016, has been unanimously approved by the Alcoa board of directors. According to the Wall Street Journal, the move comes in the wake of depressed aluminum prices as China has flooded the market with lower metals prices, and the company seeing its stock price fall 43% this year.

Here Come the Trucking Robots preview image Here Come the Trucking Robots article image

Here Come the Trucking Robots

GOTHENBURG, SWEDEN -- Robots might soon find their way into a very specialized, vocational side of the trucking industry, according to one truck manufacturer. "Imagine a robot that quietly and discreetly enters your neighborhood, collects your refuse bin and empties it into the refuse truck. It is done without waking the sleeping families and without heavy lifting for the refuse truck's driver," the Volvo Group said in a recent press release. It's about 'ROAR', a joint project aiming to develop tomorrow's smart transport systems. ROAR, stands for 'Robot-based Autonomous Refuse handling', and the goal is to introduce a robot that, with instructions sent from a truck's operating system, can collect refuse bins in a neighborhood, bring them to the truck, and empty them. All of this happens under the supervision of the truck's driver.