Hungary trucker Waberer launches Budapest IPO

Waberer operates a fleet of around 3,500 trucks. Photo credit: Shutterstock

LONDON — Waberer’s International, a Hungarian trucking and logistics company, launched an initial public offering on the Budapest stock exchange, with part of the proceeds being used to finance the acquisition of Polish trucker Link.
The IPO, which is the biggest…

Huayi Tire Canada names eastern region sales manager

MARKHAM, Ont. – Huayi Tire Canada (HTC), distributor of Double Coin tires and associated brands, has named Robert Vetter its new east region fleet sales manager. Vetter brings nearly 50 years of tire industry experience to the role, the company

UPS to slap surcharges on holiday peak shipments

“Free shipping” for online orders won’t be so free this fall. UPS said Monday it would introduce peak season surcharges for packages and heavier items  that take effect during its busiest weeks in November and December, especially Dec. 17 through Dec. 23.
The surcharges will raise the cost of moving goods…

Pirelli truck tire brand has new North American leader

ROME, Ga. – Alex Vitale has been named CEO of TP Commercial Solutions’ North America operations. The company, which produces Pirelli brand commercial truck tires, says Vitale brings more than 20 years of global tire industry experience to the position

Polaris founder Larry Cox passes away

MISSISSAUGA, Ont. – Polaris Transportation Group founder and president Larry Cox passed away June 14, at the age of 71. The company announced his passing on its website. “Larry started Polaris in 1994 with very little money and an abundance

Accuride to acquire European steel wheel maker

EVANSVILLE, Ind. – Accuride has announced an agreement to acquire steel wheel supplier Mefro Wheels. Mefro is headquartered in Solingen, Germany, and supplies the European and Asian markets through manufacturing operations in Germany, France, Turkey, Russia, and China. “The strategic