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Category: General Update

ERM Advanced Telematics Develops Anti-Ransomware for Vehicles

ERM Advanced Telematics Develops Anti-Ransomware for Vehicles

| June 21, 2018

International automotive technology provider ERM Advanced Telematics has completed development of an integrated hardware-software product that is designed to protect vehicles against ransomware and other cyber-attacks. The solution, called eCyber, is suited for both OEMs and the aftermarket. The eCyber technology, for which ERM has already registered a patent in Israel, is due to be […]

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Dickinson Fleet Services Acquires Outsource Fleet Services

Dickinson Fleet Services Acquires Outsource Fleet Services

| June 20, 2018

Dickinson Fleet Services has announced the acquisition of Outsource Fleet Services with operations in Chicago, Columbus, Atlanta, Dallas/Fort Worth and Southern California. Dickinson, along with majority shareholders Ridgemont Equity Partners, announced the acquisition on June 19, 2018. The acquisition, according to the company, will expand and enhance the on-site mobile service capability that DFS already […]

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Carvana Opens Largest U.S. Car Vending Machine in Tempe, Arizona

Carvana Opens Largest U.S. Car Vending Machine in Tempe, Arizona

| June 20, 2018

Standing nine stories high, the all-glass tower holds up to 34 vehicles and provides a fun, unique way to pick up vehicles purchased on Carvana.com. This new location in Arizona is the company’s third Car Vending Machine launch this month, marking the 12th location overall. Tempe, joins 11 other cities across the country that are […]

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Trucking Index for April Reflects Good Seasonal Environment for Carriers

Trucking Index for April Reflects Good Seasonal Environment for Carriers

| June 20, 2018

FTR’s Trucking Conditions Index (TCI) for April at a reading of 11.5 reflects strong freight demand and continued tightness in capacity. Carriers can expect the favorable conditions to improve further into Q3 and stay elevated well into 2019. The tight labor market, including a shortage of drivers, is holding carriers back from taking full advantage […]

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May NA Class 8 Orders Continue Above-Capacity Trend

May NA Class 8 Orders Continue Above-Capacity Trend

| June 20, 2018

At the top line, NA Class 8 net orders totaled 35,608 units in May. While below the 492k SAAR of Q1’s orders, May’s 478k SAAR continues the trend of order activity well above industry capacity, according to ACT Research (ACT). “Continuing to be led by Canada and the US, order strength remained broad-based. NA tractor […]

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FedEx Posts Better Than Expected Results

FedEx Posts Better Than Expected Results

| June 20, 2018

FedEx has posted better than expected profits for the fourth quarter and full year — which in part can be attributed to a combination of federal tax cuts, higher rates and increased volume. The Memphis-based company reported earnings of $5.91 a share for the fourth quarter (March-May), up 41 percent year over year, and $15.31 […]

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