Federal Signal Corporation announced the signing of a definitive agreement to acquire Truck Bodies and Equipment International (TBEI), a U.S. manufacturer of dump truck bodies and trailers, for $270 million, subject to post-closing adjustments. This represents a multiple of 7.2x TBEI's EBITDA for the 12-month period ending March 31, 2017, before accounting for synergies.
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...Read the rest of this storyThe Department of Transportation (DOT) said for-hire freight shipments slipped 1.5 percent in March from the record high set one month earlier.
The agency's Bureau of Transportation Statistics (BTS) said in a statement May 10 that for-hire shipments for the entire first quarter was down 0.5 percent from the final three months of 2016.
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...Read the rest of this storyWerner Enterprises has selected MacroPoint's freight visibility platform for use in its North American logistics operations.
MacroPoint, based in Cleveland, said in a statement its technology will assist the more than 240,000 shipments Werner Logistics manages for partners annually. MacroPoint offers predictive analytics, custom alerts and real-time tracking.
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...Read the rest of this storyMack Trucks said remote updates will be offered on most model year 2018 refuse vehicles, and that its LR model is now available in a 4x2 configuration. The announcements were made this week at the WasteExpo in New Orleans.
Mack Over The Air (OTA), which lets customers automatically update software and set vehicle parameters, will be available on the 2018 Granite, TerraPro and LR models equipped with Mack engines.
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...Read the rest of this storyFairbanks Scales is showcasing a wealth of industrial scales at Waste Expo 2017. Visit booth #3837 to view Fairbanks Scales' latest innovations in weighing equipment, including the Talon HVX heavy-duty truck scale, equipped with the innovative Intalogix Lightning/Power Surge Protection system. The HVX Cut-a-way Field Pour is on display, along with the Fairbanks Access Solutions (FBAS) Entry Station and the 1605RF remote display.
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...Read the rest of this storyIt's not every day that you encounter and analogy that links self-driving vehicle technology and golf clubs. Not by a long shot.
[OK; you knew that was coming – admit it.]
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...Read the rest of this storySnap has not made great gains in the markets since its IPO, trading mostly below the high of $29.44 in its first week of trading.
