Lytx to Be Acquired for $500 Million
Video telematics company Lytx has signed an agreement to be acquired by Chicago-based private equity firm GTCR.
Video telematics company Lytx has signed an agreement to be acquired by Chicago-based private equity firm GTCR.
Trailer and truck components manufacturer SAF-Holland has joined the list of Vipar Heavy Duty supplier partners.
FTR is forecasting stable trucking conditions for 2016 after its Trucking Conditions Index rose more than two points in December to a reading of 10.88.
The editors of Heavy Duty Trucking magazine have announced the 2016 HDT Truck Fleet Innovators, four fleet executives being recognized for their leadership and forward thinking in areas such as driver recruiting and retention, fuel economy, maintenance and more.
The domestic retreaded truck tire market was down in 2015 compared to 2014, however, the health of the truck tire market also depends on new truck tire shipments. They were up 4%.
Dana Holding Corp. moved from a profit to a loss in the fourth quarter of last year, as sales turned lower and it felt the effects of a strong U.S. dollar on overseas operations.
Stoughton Trailers has installed a new clean air system in plant to create a healthier and more productive work environment for its employees.
The third party logistics and multi-modal transportation services company Radiant Logistics Inc. moved from a fourth quarter profit a year ago to loss in the most recent quarter, but adjusted earnings improved.
Hendrickson Bumper and Trim made its Aero Clad stainless steel clad aluminum bumper available for the new International HX Series of vocational trucks.
Preliminary estimates from the National Safety Council show an 8% increase in 2015 compared to 2014.
New home starts in the U.S. fell in January to the lowest level in three months, but industrial production, which includes manufacturing, reversed its string of recent declines. At the same time, wholesale prices increased, leading some to believe interest rates may soon move higher.
Heavy Duty Trucking magazine announced its 2016 Top 20 Products, highlighting the most innovative, significant and useful new product announcements from the previous year.
The average price of on-highway diesel fuel fell below $2 for the first time since Feb. 14, 2005. Diesel prices came close to that mark in 2009 but never fell below it.
Spot-market load availability moved a little higher last week, but it was not enough to outweigh a gain in truck capacity, with rates continuing to fall.
Technology will boost productivity and truck utilization to where demand for equipment will greatly decline, one researcher says.
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