Category: Trucking News

24 Mar by Vitaliy Dadalyan Tags:

Heavy Duty Trucking Named Finalist for B2B Journalism Award

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Image: HDT

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Image: HDT

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Heavy Duty Trucking has been named a national finalist in the 2017 Azbee Awards of Excellence, which are awarded by the American Society for Business Publication Editors.

HDT was named a finalist for the four-part series on The Modern Maintenance Manager. The series examined what the trucking industry's most forward-looking maintenance and equipment executives are doing to hire and keep technicians, manage employees, increase efficiency and productivity, and meet other demands placed on the modern maintenance manager.

The series consisted of feature articles by editor in chief Deborah Lockridge, executive editor David Cullen, and technology contributing editor Jim Beach.

“While many articles in HDT and competitive magazines cover buying and maintaining trucks, we wanted to do something different,” remarked Lockridge. “We worked to pull together all the trends affecting truck maintenance and offer insight into how they affect the person responsible for a fleet's equipment needs -- and offer best practices to help others in this position be more successful.”

According to ASBPE, the Azbee Awards of Excellence program is “one of the most competitive there is for business-to-business, trade, association, and professional publications. The awards recognize outstanding work by magazines, newsletters, and digital media.”

The national winners will be announced May 18 at the 2017 ASBPE National Conference & Azbee Awards Banquet in St. Petersburg, Florida.

For more information on the Azbee awards, click here.

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24 Mar by Vitaliy Dadalyan Tags:

Schneider National Goes Public With IPO Announcement

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Photo: Schneider

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Photo: Schneider

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Schneider National Inc. announced on March 24 the launch of its initial public offering of 28,947,000 shares of Class B common stock at an anticipated price of $18-$20 per share.

At that price, the stocks will be worth around $520 million to $580 million. Schneider is issuing and selling up to 16,842,000 shares and the selling shareholders named in the registration statement are selling up to 12,105,000 shares. The company's Class B common stock has been approved for listing on the New York Stock Exchange under the symbol SNDR.

Schneider expects to grant the underwriters an option to purchase up to an additonal 4,342,000 shares of Class B common stock at the initial public offering price, less underwriting discounts and commissions, to cover any over-allotments.

The company will receive no proceeds from the sale of stock by the selling shareholders who consist mostly of members of the Schneider family and directors and executive officers of the company, according to the Milwaukee Business Journal,

Morgan Stanley, UBS Investment Bank and BofA Merrill Lynch are acting as active joint book-running managers of the proposed offering; Citigroup, Credit Suisse, J.P. Morgan, and Wells Fargo Securities are acting as passive joint book-running managers, and Baird and Wolfe Capital Markets and Advisory are acting as co-managers.

Related: Schneider Files Paperwork Preparing to Go Public

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