Meritor Inc. has announced it is developing a platform of electric drive axles and suspensions as well as supporting systems to position Meritor as a leader in electric solutions for the commercial vehicle market. “We’re focusing on integrating an electric motor into the differential carrier,” said Jay Craig, CEO and president for Meritor. “As we […]
Transervice Logistics, Inc., a leading provider of customized transportation solutions, has been selected by Dennison Lubricants, Inc. to provide maintenance services to a fleet of approximately 61 vehicles, including straight trucks, tractors, trailers and material handling equipment delivering lubricants, greases and oils to the New England marketplace. Jim Lavery, Transervice’s Director of Business Development for New […]
Celadon Group, Inc. announced that it has completed the disposition of substantially all assets associated with its flatbed trucking division to a subsidiary of PS Logistics, LLC. The Flatbed Division assets include leased and owned trailers. Additionally, the purchaser will enter into contracts covering up to 100 independent contractor flatbed drivers, hire certain flatbed company […]
WABCO Holdings Inc. (NYSE: WBC), a leading supplier in commercial vehicle systems, has signed an agreement to acquire privately held RH Sheppard Co., Inc., a key supplier of commercial vehicle technologies, including vehicle steering capabilities, headquartered in Hanover, Pennsylvania, U.S.A. WABCO’s purchase price is $145 million, subject to customary adjustments. Sheppard had sales of $130 […]
Semi-trailer and liquid transport expert Wabash National Corporation, has announced plans to acquire Supreme Industries, Inc. (NYSE MKT: STS), a leading manufacturer of specialized commercial vehicles including truck bodies and specialty vehicles in a transaction valued at approximately $364 million. Supreme Industries’ Chief Executive Officer Mark Weber noted, “Combining with Wabash will enhance our ability […]
Lawson Products, Inc., a distributor of products and services to the MRO and automotive marketplaces, announced the appointment of Matt Brown to Senior Vice President, Sales. Brown previously served as Vice President, Field Sales. As SVP, Sales, Brown is responsible for the entire North American sales organization, including strategic and government accounts. He continues to report […]
