Fleet management software provider Omnitracs is in the process of exploring a sale and “has secured high-powered investment banks” to begin that process, the Dallas Business Journal reports.
According to the report, Vista Equity Partners purchased the company for $800 million in 2013, and Evercore Partners Inc. and Atlas Technology Group are now advising the search.
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...Read the rest of this storyThe Uber model for trucking still may be poised to revolutionize freight mobility, but its growth may be moving at a slower pace than anticipated. And that could be because the trucking industry as a whole is still resistant to it.
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...Read the rest of this storyPIT Group announced that fuel economy of tires is the focus of its Spring Energotest being held through June 9 at the Transport Canada test track in Blainville, Québec.
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...Read the rest of this storyThere's no doubt that the debate over autonomous vehicles (AVs) is only going to get fierier in the weeks and months ahead. Just discussing the potential job losses associated with the deployment of driverless trucks, for example, is one surefire way to increase trucker blood pressure.
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