PIT Group Energotest to focus on tires

Federal Signal Completes $270 Million Acquisition of TBEI

Federal Signal has completed its acquisition of Truck Bodies and Equipment International, a manufacturer of dump bodies and trailers, for a purchase price of $270 million.

TBEI represents a portfolio of six established brands: Travis Trailer & Body Company, Crysteel, Ox Bodies, Rugby Manufacturing, DuraClass, and J-Craft. TBEI will be combined with the businesses in Federal Signal's Environmental Solutions Group to create a single platform offering municipal and industrial customers a suite of maintenance and infrastructure equipment support.

In a release earlier this month, Federal Signal stated that as part of the deal, TBEI's president and CEO Robert Fines will be joining the company's management team.

“Their product offerings will allow us to further diversify into higher growth, maintenance and infrastructure markets while balancing the mix of revenue streams between municipal and industrial, and reduce our exposure to oil and gas,” said Jennifer L. Sherman, Federal Signal's president and CEO. “This acquisition represents a strong strategic fit for Federal Signal and will enhance our ability to achieve sustainable and profitable growth.”

Related: 6 Steps to Better Work Truck Body Upfits

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Heads up! CVSA blitz is next week

TORONTO--Are you ready for The Blitz? The Commercial Vehicle Safety Alliance's (CVSA) 30th annual International Roadcheck will take place next Tuesday, Wedneday and Thursday, June 6-8, 2017. CVSA-certified commercial motor vehicle inspectors in jurisdictions throughout North America will conduct inspections of commercial motor vehicles and their drivers. ...Read the rest of this story

Proposed truck insurance hike to be tossed

FMCSA plans to withdraw its proposal to raise minimum insurance requirements for motor carriers.

The Owner-Operator Independent Drivers Association (OOIDA) said today that the Federal Motor Carrier Safety Administration (FMCSA) plans to withdraw its proposal – made three years ago – to increase mandated levels of insurance coverage both freight and passenger motor carriers from $750,000 to $4 million.

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