News
Volvo’s vision automated, electrified, connected
WASHINGTON, DC - Change is said to be one of the certainties in life, and Volvo Trucks is preparing for a future that is electrified, automated, and connected. But the company doesn't expect fully autonomous or electric linehaul trucks anytime soon. "It's a time of revolution when it comes to engineering and technologies," Chief Technology Officer Lars Stenqvist said during a media roundtable in Washington, DC. "This is the most fascinating and challenging era ever." While Volvo expects electric trucks to emerge, the company's electrification strategy is focusing on applications like ports, urban centers, and construction rather than the open road.
Centurion is Profit 500’s top transportation performer
SURREY, BC - Centurion Trucking is Canada's fastest growing and most dynamic company in the transportation and logistics industry, according to the 2017 Profit 500 list. The list, complied by MacLean's and Canadianbusiness.com, ranks the British Columbia based company, with just 59 employees, 13th overall, with a five-year growth of more than 4500%.
Celadon Group sells flatbed division to PS Logistics
INDIANAPOLIS, IN - The Celadon Group has sold all the assets in its flatbed trucking division to PS Logistics. The company announced the completion of the disposition of assets Sept. 18, as part of a strategic plan to concentrate resources on other business lines and boost returns. Assets included in the transaction were primarily leased and owned trailers, which were sold in exchange for an assumption or satisfaction of the lease obligations and cash, Celadon said. It is also entitled to post-closing goodwill payments.
WABCO buys Meritor’s stake in partnership
TROY, MI - WABCO Holdings is upping the ante in its North American ownership, announcing this morning that it is taking full control of the he Meritor WABCO joint venture. In a press release, WABCO Holdings said it was purchasing Meritor's stake in the joint venture business, with a transaction that is expected to close Oct. 1. Meritor WABCO, a distributer of WABCO products for commercial vehicles in North America, employs about 200 people and had sales of $300 million in fiscal year 2016 With this agreement, WABCO will take over the former joint venture's application engineering and supply chain operations, including the distribution center and customer service hub in Hebron, Kentucky.
