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NewsFebruary 5, 2013

Polar Acquire Beall Parts and Service

Polar Corp. announced that it has acquired the assets of Beall Transport Equipment Co., the aftermarket parts and service division of Beall Corp.

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NewsFebruary 5, 2013

Betts Company Announces New Name, Logo

After the completion of a strategic branding initiative, Betts Co., formerly Betts Spring Co., announced its new name.

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NewsFebruary 5, 2013

Eberhart Capital Acquires Poling Express

Continuing its strategy of acquiring trucking companies with distinguished reputations, strong customer bases, and long-term growth opportunities, Eberhart Capital LLC has agreed to acquire Poling Transportation Inc. (now Poling Express LLC) in a stock and cash transaction.

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NewsFebruary 4, 2013

Strike Averted at East and Gulf Coast Ports

A looming strike at East and Gulf Coast ports has been avoided as the months-long labor negotiations finally reached a tentative agreement. Late Friday, Federal Mediation and Conciliation Service Director George H. Cohen, who has been moderating the negotiations since last year, issued a statement indicating that a tentative agreement had been reached regarding the Master Agreement between the United States Maritime Alliance and the International Longshoremen’s Association.

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NewsFebruary 4, 2013

Paccar Announces Fourth Quarter Revenues and Profits

Paccar reported record revenues for 2012 and its 74th consecutive year of net profit. Paccar’s annual revenues of $17.05 billion were the highest in company history and the $1.11 billion of net income was the fourth best in its history.

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NewsFebruary 4, 2013

U.S. Factory Orders Rise, Following Lackluster Report on GDP

Factory orders in December offered better economic news than last week's GDP numbers, though not as good as analysts were expecting.

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NewsFebruary 4, 2013

Pegasus Transportation Celebrates 25th Anniversary

In 1988, with two eighteen-wheelers a new trucking company, founded by entrepreneurs Gary Hanke and Dan Lockard, began their first over-the-road haul. They named their business Pegasus Transportation.

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NewsFebruary 4, 2013

P.S.I. Hires New Sales and Marketing Specialist

Pressure Systems International has announced the hiring of Jonathan Gravell as sales and marketing specialist.

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NewsFebruary 4, 2013

The Carlyle Group Acquires DuPont Performance Coatings

Global alternative asset manager The Carlyle Group L.P. has completed its acquisition of DuPont Performance Coatings for $4.9 billion and announced that the company is being renamed Axalta Coating Systems.

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NewsFebruary 4, 2013

Preliminary Class 8 Orders for January Show Improvement

FTR Associates has released preliminary data showing January Class 8 truck net orders at 22,235, 7% higher than December but down 11% year-over-year. Orders for Class 8 vehicles have been above the 20,000 mark for the past four months, showing some strength after a soft period mid-year 2012.

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