Tips for selling and buying a business
MISSISSAUGA, Ont. — You’ve spent your life building your business, why not invest a little time before selling it to maximize its value? That was the advice from Doug Nix, vice-chairman of Corporate Finance Associates, who addressed a…
M&A activity slower than anticipated so far this year
MISSISSAUGA, Ont. — North American merger and acquisition activity levels have not yet met expectations in 2013, but conditions are ripe for an increase in Canada, particularly in the logistics sector.
Penske orders 100 compressed natural gas tractors from Freightliner
READING, Pa. — Penske Truck Leasing has ordered 100 compressed natural gas Freightliner Cascadia tractors equipped with Cummins Westport 12-litre engines. Officials say the natural gas tractors will be used by Penske’s full-service truck…
Trucker fired at other vehicles on autobahn
Police in Germany say a man in custody has confessed to a staggering 700 shootings of passing vehicles on the country’s highways over the last five years.
Trucking bears greatest freight load in North America in March
WASHINGTON, D.C. — Trucks carried 60.0% of the $95.6 billion of freight moved in March between Canada, the US and Mexico, followed by rail at 16.5%, vessels at 8.1%, pipelines at 7.0% and air at 3.7%, according to the Bureau of Transportation…
B.C.’s top drivers named at annual driving championships
LANGLEY, B.C. — Canadian Freightways driver Dale Scott of Mission, B.C., was named Grand Champion at B.C.’s 2013 Professional Truck Driving Championships, held at Abbotsford’s Tradex Centre June 22. Scott and his fellow Canadian…
Jonathan Eilen’s Pete 379 wins Shell SuperRigs competition
TOMAH, Wisc. — Jonathan Eilen of Hampton, Minn. won Best of Show at the 31st Shell Rotella SuperRigs show last week, with his 2007 Peterbilt 379.
THP trooper continues to recover after hit-and-run
The Tennessee Highway Patrol said truck driver, Stewart Snedeker, hit Trooper Joe Lindsay with his tractor trailer early Sunday morning on I-75 near the Kentucky/Tennessee line.
EPA07 or later engines now comprise 28% of total US truck fleet
WASHINGTON, D.C. — Clean diesel trucks with diesel particulate filters (DPFs) built after 2006 now comprise 28% of all trucks on US roads, according to a new report from R.L. Polk and Company for the Diesel Technology Forum.
Navistar CFO to step down
LISLE, Ill. — Navistar is parting ways with its chief financial officer at the end of the month, as part of a planned transition to a new CFO, the company announced.