SWIFT TRANSPORTATION COMPANY SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

10 Apr by Vitaliy Dadalyan Tags:

Cummins, Eaton form AMT joint venture

The 50/50 partnership to build automated mechanical transmissions for heavy- and medium-duty commercial vehicles should be finalized by the third quarter of 2017.

Eaton Corp. and truck engine partner Cummins Inc. are now forming a new 50/50 joint venture to build automated mechanical transmissions (AMTs) for heavy- and medium-duty commercial vehicles to be called Eaton Cummins Automated Transmission Technologies.

The two companies said in a statement the new joint venture should be finalized by the third quarter of this year, with Cummins consolidating joint venture results as part of its components business segment going forward.

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10 Apr by Vitaliy Dadalyan Tags:

Knight: Merger an opportunity that couldn’t be passed by

Executive chairman of proposed Knight-Swift Transportation Holdings says merger offers opportunity to “harvest” the right freight for higher yields and to focus on improving technology investments.

Kevin Knight, executive chairman of TL carrier Knight Transportation and in line to fulfill the same role of the joint company to be formed by Knight's proposed merger with Swift Transportation, believes the “moon and stars aligned” for this deal to occur and expects it will help position both motor carriers to benefit from expected capacity tightening at the end of the year and on into 2018.

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