News
Federal Signal acquiring TBEI
OAK BROOKS, IL - Federal Signal Corporation is acquiring Truck Bodies and Equipment International (TBEI) - a maker of dump truck bodies and trailers -- for US $270 million. TBEI runs five manufacturing facilities through the U.S., and in the year ending March 31 it generated US $206 million in revenue. The purchase price represents 7.2 times TBEI's earnings before interest, taxes, depreciation and amortization for the same year. The deal strengthens Federal Signal's position as a specialty vehicle manufacturer in maintenance and infrastructure markets, according to an announcement about the deal. It adds to the company's existing expertise in chassis-based vehicles.
IN PRINT — 3 Rust-Fighting Tips
Corrosion can seem almost impossible to eliminate without first spending your -company into insolvency. There are, however, ways to mitigate the effects of corrosion -- or in some cases forestall its onset until you have disposed of the asset. The solution starts with the equipment spec', but most of the effort will go into maintenance.
Kenworth T680 Everyday Heroes Truck will be auctioned off
PHOENIX, AZ - Kenworth has announced they will be auctioning off the T680 Everyday Heroes Truck with all proceeds of the sale going directly to Truckers Against Trafficking (TAT), a non-profit dedicated to stopping human trafficking by educating, mobilizing and empowering American truck drivers and rest stop employees.
