Industry News - 2022 - Page 75 of 83

Bison Transport Inc. Acquires Hartt Transportation Systems, Inc.

James Richardson & Sons, Limited (JRSL) and Bison Transport (Bison) are pleased to announce that, effective December 31, 2021, Bison Transport acquired 100 percent of the issued and outstanding shares of Hartt Transportation Systems, Inc.

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Mar 1, 2022 - 3 years ago
ATA President: Infrastructure, Workforce Remain Trucking’s Top Priority

American Trucking Associations President and CEO Chris Spear testified before the House Transportation and Infrastructure Committee recently on how the trucking industry is responding to ongoing supply challenges caused by a multitude of global factors.

Photo: Josiah Farrow/Unsplash

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Mar 1, 2022 - 3 years ago
Hyundai Investing To Expand Production Capacity By 50 Percent

Hyundai Construction Equipment Americas, Inc., has announced that its parent company, Hyundai Construction Equipment, plans to invest US$170 million in its Ulsan factory to increase production capacity by 50 percent and simplify its manufacturing processes for increased efficiency.

Hyundai Construction Equipment to invest US$170 million to expand production capacity at its facility in Ulsan, Korea.

With this investment, the company will increase its capacity at Ulsan, its major production base, to 15,000 units of construction equipment. This investment, to be spread across four years, is the largest since the company’s launch as a newly established corporation in 2017.

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Feb 28, 2022 - 3 years ago
Guardian Horizontal Screens Receive Updates

Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and handling systems, reports about several key features that improve performance of its popular Guardian Horizontal Screen in stationary or static settings.

“Historically, horizontal screens are most popular in portable or mobile applications,” says Ed Sauser, Superior’s product manager for the manufacturer’s vibratory solutions. “However, some static producers prefer horizontal over inclined screens, so we’ve designed a few features to improve performance for these customers.

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Feb 24, 2022 - 3 years ago
Caldwell Creates Custom Posi-Turners For Heavy Trucks

Rockford-based The Caldwell Group Inc. continues to customize lifters for the automotive sector, as two recent orders prove.

Caldwell continues to customize lifters for the automotive sector.

Caldwell partnered with distributors on the east and west coasts of the U.S. to deliver Posi-Turners to heavy truck manufacturers at either end of the country. The patented Posi-Turner, designed to rotate bulky and hard to handle objects during manufacture or assembly processes, is widely utilized throughout the automotive industry.

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Feb 24, 2022 - 3 years ago
Cummins To Acquire Meritor

Transaction will strengthen Cummins’ industry-leading range of powertrain components and accelerate development of electrified power solutions

Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) has announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash.

“The acquisition of Meritor is an important milestone for Cummins. Meritor is an industry leader, and the addition of their complementary strengths will help us address one of the most critical technology challenges of our age: developing economically viable zero carbon solutions for commercial and industrial applications,” said Tom Linebarger, Chairman and CEO, Cummins. “Climate change is the existential crisis of our time and this acquisition accelerates our ability to address it. Our customers need economically viable decarbonized solutions."

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Feb 23, 2022 - 3 years ago