The average selling price of total reported used Class 8 trucks continues to hold up better than expected, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “For the first ten months of this year, prices for used Class 8 trucks were down only […]
Vista Equity Partners, LLC (“Vista) has announced that it has completed its acquisition of Omnitracs, Inc., formerly a subsidiary of Qualcomm Incorporated. In conjunction with this announcement, Omnitracs announced that it has signed a definitive agreement to acquire Roadnet Technologies, Inc. (“Roadnet”), a leading provider of fleet management software solutions for private fleets. Both Omnitracs […]
Courtesy of Reuters: Durable orders, a gauge of planned U.S. business spending on capital goods, unexpectedly fell in October and new orders for long-lasting manufactured goods were down, pointing to a loss of momentum in factory activity. Meanwhile, the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering signs of […]
Total Traffic + Weather Network (TTWN), the largest private data gathering and broadcast traffic navigation network in North America, and TomTom, a leading provider of navigation and location-based products, announced an agreement to create a powerful multi-platform traffic tool. The agreement combines TomTom’s industry leading real-time and predictive traffic flow data with Total Traffic + […]
Pacific Imperial Railroad, the only company providing railroad freight services on the Desert Line, servicing the Tijuana-Tecate region of Baja California, Mexico and eastern San Diego County through its 99-year lease with the MTS, has named David Rohal President of the company beginning December 1st. Mr. Rohal has 30 years of railroad experience in management, […]
At Ford Motors, where vehicle sales from online leads now account for 25 percent of all retail sales, the company reports that it anticipates that its F-150 will drive increased Internet activity, beginning with “Black Friday.” If history is instructive, consider this: online sales leads increased 17 percent on Black Friday last year, including a […]
