29 Oct Greenbrier, Saudi Railway Company Form Joint Venture The Greenbrier Cos. and Saudi Railway Co. have announced that they will together invest and generate investments totaling $270 million in the Saudi rail industry. They plan to establish a joint venture company in Saudi Arabia to execute railway projects and supply rail cars. Read more...
29 Oct ENGS Commercial Finance to Be Acquired by Japan’s Mitsubishi Corp. Stockholders of ENGS Commercial Finance have agreed to sell the business to Mitsubishi UFJ Lease & Finance Co., an affiliate of Mitsubishi Corp. in Japan, for an undisclosed amount. Read more...
29 Oct DTNA Outlines Broad Agenda for Commercial Vehicle Business AUSTIN, Texas — Daimler Trucks North America recently held the first meeting of its electric vehicle customer council and will host a separate meeting soon with dozens of government agencies to discuss how to support further innovations in safety and infrastructure, DTNA President Roger Nielsen said. Read more...
29 Oct Gov. Bruce Rauner Establishes ‘Autonomous Illinois’ Initiative Gov. Bruce Rauner has directed the Illinois Department of Transportation to establish the “Autonomous Illinois” initiative with the goal of providing a venue to research and test emerging safety technologies. Read more...
29 Oct Fleet Advantage Updates ATLAAS Platform Fleet Advantage, a company specializing in truck fleet business analytics, equipment financing and life cycle cost management, announced it will enhance its Advanced Truck Lifecycle Administrative Analytics Software. Read more...
29 Oct Missouri Measure Could Unclog Cargo Routes A trucker who regularly drives throughout Missouri said Proposition D is an important step in easing freight movement on increasingly congested routes. Read more...
29 Oct Proposed Colorado Projects Could Ease Flow of Freight Although the Colorado Motor Carriers Association is publicly neutral on Propositions 109 and 110, Vice President Patti Gillette acknowledges that the projects recommended would ease congestion and improve safety. Read more...
29 Oct ITI, Netradyne Partner on Driver Training Program Online training company Instructional Technologies Inc. has partnered with driver and fleet safety developer Netradyne to launch an automated training system for truck drivers. Read more...
29 Oct California Trucking Chief: Freight Projects Could Be Hurt by Fuel Tax Hike Repeal Repealing the fuel tax hike enacted last year as part of the Road Repair and Accountability Act would mean stripping funding for key projects along some of California’s most important freight corridors, according to California Trucking Association CEO Shawn Yadon. Read more...
29 Oct Port of Corpus Christi, Carlyle Group to Partner on Texas Terminal The Port of Corpus Christi and investment firm The Carlyle Group will team to develop an inland crude oil export terminal for some of the world’s largest oil tankers. Read more...