• transportes2

    Navistar rejects latest Traton offer, but opens door to talks

    LISLE, Ill., Sept. — Navistar International has rejected a revised takeover bid from Traton SE, saying on Monday that its US$43 per share proposal significantly undervalues the company. The truck and bus division of Volkswagen AG already owns 16.8% of Navistar. Last week the company sweetened its previous offer of $35 per share, hoping that Navistar board of directors would approve it. While rejecting the offer, Navistar said it is open to further negotiations. “Navistar’s board of directors, after careful consideration with the assistance of its financial and legal advisors, has unanimously concluded that while Traton’s revised proposal of $43 per share significantly undervalues the company and substantial synergies from…

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    CBP seizes $3.6M in fake bills from truck

    PEMBINA, N.D. ― U.S. Customs and Border Protection (CBP) officers at the Pembina Port of Entry have seized $3.6 million in counterfeit American currency from a truck arriving from Canada. The agency said the fake bills were found Friday in a commercial shipment manifested as toy guns.  Counterfeit currency seized by CBP officers Friday. (Photo: CBP) “Inspection of the shipment resulted in the discovery of nine toy guns as well as 36,000 $100 bills,” the agency said.  It added that examination of the currency revealed the bills were counterfeit. They will be destroyed. “Our officers work extremely hard to protect the United States from a variety of threats,” said Pembina…

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    Truck drivers face challenges, and research is here to help

    The challenges for truck drivers are immense. Now, with fluctuations in the supply chain and dramatic increases in e-commerce due to the coronavirus disease (COVID-19) pandemic, TRB is recognizing National Truck Drivers Appreciation Week with a compendium of resources for the industry. TRB’s April 8 webinar on supply chains and COVID-19 addressed major changes in freight flows and the current challenges in delivering products, particularly medical supplies and food. Presenters covered established spectrums of disruption and impact models based on geography and industry, for sea, road, rail, and air transportation. Daniel Haake, Senior Transportation Planner at HDR and Chair of TRB’s Standing Committee on Trucking Industry Research, says that the…

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    First truck off Navistar’s San Antonio line will be fully-electric

    LISLE, Ill. – Navistar International posted a third quarter net loss of US$37 million, as revenues plunged 45% year-over-year primarily due to the Covid-19 pandemic. “Our fiscal third quarter opened during the middle of many stay-at-home orders and ended with sections of the economy beginning to reopen, and our results certainly reflect this,” said Persio Lisboa, president and chief executive officer, Navistar. “While marketplace uncertainties continue, we are accelerating the pace of progress on our Navistar 4.0 strategy for financial improvement, so we can pull forward its benefits and take full advantage of a stronger industry when it arrives.” (Photo: James Menzies) The company says it’s Navistar 4.0 strategy aims to…

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    Truck arrivals rise 7%

    OTTAWA, Ont. – In yet another sign of a trucking industry rebound, the number of truck drivers entering the country rose 7% during the week of Aug. 31 – Sept. 6 from the comparable period a year ago. The Canada Border Services Agency said Wednesday 110,507 truckers arrived in Canada during Aug. 31 – Sept. 6, up from 103,072 the same time last year. Truck crossings had fallen 2% during Aug. 24-30 after returning to normal the previous week. Source: CBSA Overall volumes during Aug. 31 – Sept. 6 were down 85% for those crossing via land, and 85% through airports, compared to the same time a year ago, the…

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    Jens Holtinger to lead Volvo’s global truck production team

    GOTHENBURG, Sweden — Jens Holtinger has been appointed head of Volvo’s global truck production organization and member of the Volvo executive board. He will replace Jan Ohlsson, who is retiring after a long career, the company said Thursday. Jens Holtinger. (Photo: Volvo Group) Holtinger, 50, began his career at the Volvo Group in 1995. He has extensive international experience and has held many senior positions within production, such as head of production in Ghent, Belgium and Skovde and Tuve, Sweden. Holtinger currently holds the position of senior vice- president Europe and Brazil truck manufacturing. His appointment is effective as of Oct. 1. Software transportes 3000

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    136 kg of cocaine seized from trucks

    NIAGARA-ON-THE-LAKE, Ont. – Authorities have seized 136 kilograms of suspected cocaine worth $17 million from trucks in two incidents at border crossings in Southern Ontario. The drug busts were announced by the Canada Border Services Agency (CBSA) and the Royal Canadian Mounted Police (RCMP) on Thursday. Suspected cocaine seized by the CBSA at the Queenston-Lewiston Bridge on Aug. 18. (Photo:CBSA) The latest incident happened Aug. 18 when a man hauling a tractor trailer arrived at the Queenston-Lewiston Bridge, and was referred for a secondary examination after officers observed some anomalies in the packaging of the shipment, the CBSA said. “Further examination led to the discovery of 104 packages of suspected…

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    Walmart Canada leverages blockchain to solve a billing nightmare

    Walmart Canada and Bison Transport have enjoyed a long-lasting business relationship, but it had become a billing nightmare. Invoices linked to the discount retailer’s freight were disputed more often than not. Challenges were so commonplace that weekly meetings were needed to review the documents line by line. “We had a pretty severe problem,” says Rod Hendrickson, Bison Transport’s vice-president – finance. Millions of dollars in invoices were overdue. “And we need our cash flow like everybody else.” Bison Transport was the first to roll out Walmart Canada’s blockchain solution, eliminating longstanding billing challenges. Now every third-party carrier uses it. (Photo: DLT Labs) The challenges weren’t unique to Bison, either. Walmart…

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    MTA elects 2020-2021 Board of Directors

    WINNIPEG, Man. – The Manitoba Trucking Association (MTA) has elected Bernie Driedger, president of Portage Transport, as its 2020-2021 president, during a hybrid in-person/remote annual general meeting. The AGM was postponed from April 3 until Sept. 10. The President’s Report focused on highlights from 2019, including growth of its RPM trucking industry safety program, a report from the Office of the Auditor General, and advocacy on behalf of mandatory entry-level training and the Efficient Trucking Program. (Photo: iStock) “I am very excited for the opportunities our association has in the upcoming years,” said Driedger. “We have laid a very strong foundation for the future, and topics such as ELDs, truck…

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    Bendix to host virtual demonstrations

    ELYRIA, Ohio – Bendix Commercial Vehicle Systems plans to demonstrate its latest safety technologies for tractor-trailers and school buses in two virtual events Sept. 24, the company said Friday. The Bendix Virtual Trucking Demo and the Bendix Virtual School Bus Demo will be broadcast via satellite. Electronic Stability Control forms the foundation for many of today’s advanced driving assistance systems. The photo shows a vehicle on a demonstration track where the stability system is turned off. The outriggers are installed during demonstrations to keep the vehicle from rolling over. (Photo: Bendix) “Like a traditional demonstration, the virtual demos will give fleets, owner-operators, drivers, dealers, school bus officials and other industry…