Tag: Trucking News

Cummins Elects Jennifer Rumsey to its Board of Directors

COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced Jennifer Rumsey, its President and Chief Operating Officer, has been elected to the company’s Board of Directors. “I am thrilled Jennifer Rumsey will join the Cummins Board of Directors,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “Jen brings the skills and perspectives we need to address […]

IAA, Inc. Announces Fourth Quarter and Full Year Fiscal 2021 Financial Results

Delivers Record 2021 Results Introduces Full-Year 2022 Outlook WESTCHESTER, Ill.–(BUSINESS WIRE)–IAA, Inc. (NYSE: IAA) today announced its financial results for the fourth quarter and full year fiscal 2021, which ended January 2, 2022. John Kett, Chief Executive Officer and President, stated, “We finished the year with a solid fourth quarter performance. Both our initiatives and […]

Facedrive Provides Update on Facedrive Foods’ Revenue and Expenses

TORONTO–(BUSINESS WIRE)–#FacedriveScarborough–Facedrive Inc. (“Facedrive” or the “Company”) (TSXV:FD), (OTC:FDVRF), a Canadian “people-and-planet first” tech ecosystem announces that, as part of a comprehensive review of its revenue recognition policies with outside consultants, the Company will be reclassing certain of Facedrive Foods’ related Sales & Marketing expenses so as to offset the expenses directly against Facedrive Foods’ […]

Cepton Technologies and Growth Capital Acquisition Corp. Announce Closing of Business Combination

SAN JOSE, Calif.–(BUSINESS WIRE)–#ADAS–Cepton Technologies, Inc. (“Cepton”), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions and Growth Capital Acquisition Corp. (“GCAC”) (Nasdaq: GCAC), announced today the completion of their previously announced business combination. The combined company has been renamed Cepton, Inc. and its common stock and warrants are expected to commence trading […]

Horizon Global Announces Term Loan Amendment and Preferred Stock Commitment Letter and Provides Preliminary Fourth Quarter and Full Year 2021 Financial Results

PLYMOUTH, Mich.–(BUSINESS WIRE)–Horizon Global Corporation (NYSE: HZN), one of the leading manufacturers of branded towing and trailering equipment, today announced an amendment to the agreement governing its term loan with Atlantic Park Strategic Capital Fund, L.P. (“Atlantic Park”) and the execution of a commitment letter to issue, solely at the Company’s option, up to $40.0 […]