Category: Trucking News

Prime Insurance Company Represents Insured SNM Logistics, LLC To Fight and Win Frivolous Litigation

SALT LAKE CITY–(BUSINESS WIRE)–Rick J. Lindsey, President and CEO of Prime Insurance Company, a specialty insurance carrier, announced another winning jury verdict in defense of their insured, SNM Logistics LLC, over an alleged trucking accident in Houston, Texas. The claim arose from two brothers who alleged our insured’s tractor and flatbed trailer struck their car […]

Ryder Honors Top-Performing Mexican Trucking Companies

MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, presented its Service Excellence Awards to top-performing carriers at its 14th annual Mexican Carrier Recognition event. Twenty-four Mexican trucking companies were recognized for their excellence in several key performance areas, including on-time performance, customer service, safety and security, […]

Joby Widens USAF Partnership, Will Deliver Two eVTOL Aircraft to MacDill AFB

• Aircraft will be used by the U.S. Air Force for test and training • Four Joby aircraft are now committed to U.S. Air Force bases as part of the company’s $131M contract with the DoD SANTA CRUZ, Calif.–(BUSINESS WIRE)–Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced […]

Plus Advances the Development of Next-Generation Vision Models, Built on NVIDIA DRIVE, for AI Processing in its Self-Driving Software

Plus will leverage the NVIDIA DRIVE Thor high-performance, automotive-grade centralized computer with next-generation NVIDIA Blackwell architecture SANTA CLARA, Calif.–(BUSINESS WIRE)–#Autonomousdriving–Plus, a global provider of autonomous driving software solutions, is collaborating with NVIDIA on the advanced development of its AI-driven vision models. Plus’s state-of-the-art vision models, will run on the NVIDIA DRIVE Thor™ by automotive-grade and […]

Myers Industries Hosts Investor Day and Unveils its Horizon Two Strategy Outlook

Event outlines Company’s strategy to drive profitable growth and provides outlook through fiscal year 2026 AKRON, Ohio–(BUSINESS WIRE)–Myers Industries, Inc. (NYSE: MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel, and under-vehicle service industry, will host its 2024 Investor Day event tomorrow morning at the […]

Oshkosh Corporation to Nominate Annette Clayton for Election to Board of Directors

OSHKOSH, Wis.–(BUSINESS WIRE)–$OSK #oshkoshcorporation–Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today announced that its Board of Directors will nominate Annette Clayton, chairwoman and former president and chief executive officer of Schneider Electric North America, for election to the Oshkosh Board at the Company’s 2024 Annual Meeting of Shareholders. “The Oshkosh […]

Allison Transmission Announces Closing of Amend and Extend of its Revolving Credit Facility and Term Loan Debt

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN) (“Allison” or the “Company”) announced today that, on March 13, 2024, its wholly owned subsidiary, Allison Transmission, Inc. (the “Borrower”), entered into a fourth amendment to its credit agreement (the “Amendment”). Pursuant to the Amendment, the Borrower increased its commitments under its revolving credit facility from $650 million […]