Fleet management

U.S. Xpress Enterprises, Inc. Announces Fourth Quarter and Full Year 2020 Financial Results Release Date and Conference Call

Thursday, January 14, 2021 - 9:10pm

The conference call can be accessed live by dialing 1-877-423-9813 or for international callers, 1-201-689-8573, and requesting to be joined to the U.S. Xpress Fourth Quarter and Full Year 2020 Earnings Conference Call.

Key Points: 
  • The conference call can be accessed live by dialing 1-877-423-9813 or for international callers, 1-201-689-8573, and requesting to be joined to the U.S. Xpress Fourth Quarter and Full Year 2020 Earnings Conference Call.
  • A replay will be available starting at 8:00 p.m. (Eastern Time) on January 28, 2021 and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671.
  • Financial and other material information regarding U.S. Xpress is routinely posted on the company's website and is readily accessible.
  • Through its subsidiaries, U.S. Xpress Enterprises, Inc. (NYSE: USX), offers customers over-the-road, dedicated, and brokerage services.

Velodyne Lidar Commends NHTSA Plan to Update NCAP

Thursday, January 14, 2021 - 8:58pm

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today commended the U.S. Department of Transportations National Highway Traffic Safety Administration (NHTSA) plan to update to its New Car Assessment Program (NCAP).

Key Points: 
  • Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today commended the U.S. Department of Transportations National Highway Traffic Safety Administration (NHTSA) plan to update to its New Car Assessment Program (NCAP).
  • The NHTSA proposal to add ADAS technologies to the NCAP includes pedestrian automatic emergency braking, lane keeping support, blind spot warning and blind spot intervention.
  • Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors.
  • Velodyne is the first public pure-play lidar company and is known worldwide for its broad portfolio of breakthrough lidar technologies.

AutoGrid Awarded $2.25 Million from ARPA-E for Expanding VPP Co-Optimization and Electric Vehicle Management Capabilities

Thursday, January 14, 2021 - 2:00pm

AutoGrid, the market leader in AI-powered flexibility management software for the energy industry, today announced that it was awarded $2.25 million in funding from the U.S. Department of Energys Advanced Research Projects Agency-Energy (ARPA-E).

Key Points: 
  • AutoGrid, the market leader in AI-powered flexibility management software for the energy industry, today announced that it was awarded $2.25 million in funding from the U.S. Department of Energys Advanced Research Projects Agency-Energy (ARPA-E).
  • The funding will be used to significantly increase the scalability and electric vehicle (EV) management capabilities of AutoGrids award-winning, artificial intelligence-powered Flex Virtual Power Plant (VPP) platform.
  • The expanded Flex capabilities include scaling real-time co-optimization up to 100,000 assets, and expanding the platforms features and functionality for EV fleet management.
  • This is the second time AutoGrid has received ARPA-E support, having previously been awarded $3.5 million by the offices Green Electricity Network Integration (GENI) program in 2012.

Vontier Announces Pricing of Secondary Equity Offering of Remaining Shares of Common Stock Held by Fortive

Wednesday, January 13, 2021 - 11:24pm

Vontier Corporation (Vontier) (NYSE: VNT) today announced the pricing of its previously announced underwritten offering of 33,507,410 shares of its common stock, representing all of the shares of Vontier common stock currently owned by Fortive Corporation (Fortive), Vontiers former parent company, at a price to the public of $33.50 per share.

Key Points: 
  • Vontier Corporation (Vontier) (NYSE: VNT) today announced the pricing of its previously announced underwritten offering of 33,507,410 shares of its common stock, representing all of the shares of Vontier common stock currently owned by Fortive Corporation (Fortive), Vontiers former parent company, at a price to the public of $33.50 per share.
  • Fortive has agreed to exchange all of the shares of Vontier common stock to be sold in the offering for indebtedness of Fortive owned by Goldman Sachs & Co. LLC.
  • Fortive has exchanged the shares of Vontier common stock to be sold in the offering for indebtedness of Fortive owned by Goldman Sachs & Co. LLC.
  • Following the completion of the offering, Fortive will no longer own any shares of common stock of Vontier.

FLEETCOR and TravelCenters of America Renew Comdata Payment Acceptance Agreement

Wednesday, January 13, 2021 - 9:10pm

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has renewed an agreement under which TravelCenters of America Inc. (TA) will continue accepting FLEETCORs Comdata fleet card at its TA, TA Express and Petro branded travel centers.

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has renewed an agreement under which TravelCenters of America Inc. (TA) will continue accepting FLEETCORs Comdata fleet card at its TA, TA Express and Petro branded travel centers.
  • We are delighted to have agreed to an early renewal of our Comdata trucking card acceptance agreement with TA, said FLEETCOR CEO Ron Clarke.
  • Adding Fuelman and FleetWide card acceptance at TA, TA Express and Petro branded travel centers nationwide enhances the convenience of those programs, said Alexey Gavrilenya, Group President of North America Fuel at FLEETCOR.
  • FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific.

The Kerrigan Index™ Broke Records for Auto Stock Valuations in 2020

Wednesday, January 13, 2021 - 1:00pm

Kerrigan Advisors, a leading sell-side advisory firm and thought leader to auto dealers in the U.S., has released The Kerrigan Index for December 2020/Year in Review.

Key Points: 
  • Kerrigan Advisors, a leading sell-side advisory firm and thought leader to auto dealers in the U.S., has released The Kerrigan Index for December 2020/Year in Review.
  • For the year, The Kerrigan Index increased almost 30%, handily outperforming the broader US stock market and hitting all-time highs in 2020.
  • Whats really notable is that the auto retail stocks, and The Kerrigan Index, have traded at all-time highs throughout the final months of 2020.
  • This was the ultimate comeback year, and auto dealerships were its comeback kids, said Erin Kerrigan, Founder & Managing Director of Kerrigan Advisors.

Reduce Fuel Vapor Emissions With a Complete Suite of Environmentally Friendly Solutions From Eaton’s Vehicle Group

Wednesday, January 13, 2021 - 11:30am

Power management company Eaton today announced a complete suite of solutions from its Vehicle Group to reduce vapor emissions produced during the refueling of gas-powered vehicles.

Key Points: 
  • Power management company Eaton today announced a complete suite of solutions from its Vehicle Group to reduce vapor emissions produced during the refueling of gas-powered vehicles.
  • Reducing fuel vapor emissions minimizes the impact vehicles have on the environment and contributes to Eatons mission of creating a more sustainable future for all.
  • If fuel vapor is released into the atmosphere, it contributes to a category of pollutants known as evaporative emissions.
  • Eatons Onboard Refueling Vapor Recovery (ORVR) vehicle emission control system works to reduce fuel emissions by collecting fuel vapor that evaporates during refueling in order to burn it during normal operation.

Ryder Named One of “America’s Most Responsible Companies” in 2021 by Newsweek

Wednesday, January 13, 2021 - 11:55am

Ryder System, Inc. (NYSE: R), a leader in supply chain , dedicated transportation , and commercial fleet management solutions, has been named by Newsweek to its annual list of Americas Most Responsible Companies for 2021.

Key Points: 
  • Ryder System, Inc. (NYSE: R), a leader in supply chain , dedicated transportation , and commercial fleet management solutions, has been named by Newsweek to its annual list of Americas Most Responsible Companies for 2021.
  • View the full release here: https://www.businesswire.com/news/home/20210113005101/en/
    For the second consecutive year, Ryder has been named by Newsweek to its annual list of Americas Most Responsible Companies for 2021 recognizing the companys ongoing commitment to corporate social responsibility efforts related to its environment, social, and corporate governance initiatives.
  • From a universe of 2,000 public companies, Ryder ranked #262 on Newsweeks list of 400 winners.
  • Ryder continues to be one of the top companies in its category, making it clear that it shares the values that we all respect and appreciate.

Aperia Technologies Wins Prestigious Environmental Protection Agency Clean Air Excellence Award

Tuesday, January 12, 2021 - 6:05pm

The U.S. Environmental Protection Agency (EPA) has awarded its 2020 Clean Air Excellence Award for Transportation Efficiency Innovations to Aperia Technologies, a leading supplier of efficiency and safety-enhancing tire management technologies to the commercial trucking industry, for the Halo Tire Inflator.

Key Points: 
  • The U.S. Environmental Protection Agency (EPA) has awarded its 2020 Clean Air Excellence Award for Transportation Efficiency Innovations to Aperia Technologies, a leading supplier of efficiency and safety-enhancing tire management technologies to the commercial trucking industry, for the Halo Tire Inflator.
  • View the full release here: https://www.businesswire.com/news/home/20210112005813/en/
    The Halo Tire Inflator from Aperia Technologies won a Clean Air Excellence Award from the Environmental Protection Agency (EPA).
  • Our winners inspirational dedication to environmental protection is a model for all of us, and we look forward to many more years of clean air innovation and collaboration.
  • With the Clean Air Excellence Award, the EPA recognizes and honors Halo Tire Inflator for its outstanding innovative efforts toward achieving cleaner air in the category of transportation efficiency innovations.

Airgain® Announces the Release of 5G and Wi-Fi 6E MULTIMAX® Next Antennas for the Fleet Vehicle Market

Tuesday, January 12, 2021 - 2:15pm

MULTIMAX Next is designed to deliver leading 5G performance and support for next generation Wi-Fi 6E.

Key Points: 
  • MULTIMAX Next is designed to deliver leading 5G performance and support for next generation Wi-Fi 6E.
  • MULTIMAX Next is available in a range of configurations, including ground plane independent and external whip options.
  • In addition, the low profile design allows fleet owners to add style to their vehicles without compromising performance.
  • Support for 5G and Wi-Fi 6E makes this antenna future-proof for the next generation of vehicular technology coming to the market soon.