Transportation
Study: Operations Cost Increasing in Trucking
ARLINGTON, VA - A new study shows operational costs in trucking are on the rise again, at least south of the border. The American Transportation Research Institute on Tuesday released the findings of its 2015 update to An Analysis of the Operational Costs of Trucking.
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
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.
