Other Transport

Wabtec Wins Metroflexx Brake System Order for Singapore Mass Rapid Transit

Monday, January 25, 2021 - 1:00am

The company will supply its advanced Metroflexx brake systems, passenger access doors, and air conditioning systems for 62 new, automated three-car trains.

Key Points: 
  • The company will supply its advanced Metroflexx brake systems, passenger access doors, and air conditioning systems for 62 new, automated three-car trains.
  • The solutions Wabtec is providing for these new transit cars will improve the rail systems operations and the passenger experience.
  • The deal is highlighted by the new Metroflexx brake system, which will be the first application of this technology in Asia.
  • Metroflexx is a brand-new brake control, which significantly reduces the weight, energy consumption, lifecycle cost, and improves the safety of the brake system, said Leroux.

Lyft Urges Vaccination Officials to Allow Access for Mobility-Challenged at Drive Through Vaccination Sites

Friday, January 22, 2021 - 11:58pm

President Bidens plan to accelerate vaccination efforts will hinge on access to vaccination sites for millions of Americans.

Key Points: 
  • President Bidens plan to accelerate vaccination efforts will hinge on access to vaccination sites for millions of Americans.
  • Without addressing transportation challenges for people who do not drive, drive-through only vaccination sites may not be accessible to many high-risk populations.
  • We are already seeing reports of seniors unable to drive long distances over long periods of time facing transportation issues as they attempt to get to mass vaccination sites.
  • Through these partnerships, Lyft provides access to transportation for up to 37 million eligible Medicaid beneficiaries across 14 states and the District of Columbia.

Vontier Schedules Fourth Quarter 2020 Earnings Conference Call

Friday, January 22, 2021 - 9:05pm

Vontier Corporation (Vontier) (NYSE: VNT) announced today that it will webcast its earnings conference call for the fourth quarter 2020 on Thursday, February 11, 2021 beginning at 8:00 a.m.

Key Points: 
  • Vontier Corporation (Vontier) (NYSE: VNT) announced today that it will webcast its earnings conference call for the fourth quarter 2020 on Thursday, February 11, 2021 beginning at 8:00 a.m.
  • The earnings call and an accompanying slide presentation will be webcast on the "Investors" section of Vontiers website, www.vontier.com , under "Events & Presentations."
  • ET and notifying the operator that you are dialing in for Vontiers earnings conference call (access code 2491779).
  • This quiet period will be in place until fiscal fourth quarter 2020 earnings are released on February 11, 2021.

Transtar Holding Company Announces Sale to Blue Point Capital Partners

Friday, January 22, 2021 - 7:30pm

Transtar Holding Company, a portfolio of industry-leading automotive aftermarket and original equipment (OE) businesses with a focus on high-quality products and unmatched customer service, announced the sale of majority ownership to local private equity firm Blue Point Capital Partners.

Key Points: 
  • Transtar Holding Company, a portfolio of industry-leading automotive aftermarket and original equipment (OE) businesses with a focus on high-quality products and unmatched customer service, announced the sale of majority ownership to local private equity firm Blue Point Capital Partners.
  • Chip Chaikin, partner at Blue Point Capital, will serve as Chairman of Transtars Board of Directors.
  • The locally-based Blue Point team will support Transtar to build upon the Companys industry-leading products and solutions.
  • We have a long-standing respect for Transtar and deeply admire the achievements of the current management team and Company founder, said Chip Chaikin, partner at Blue Point Capital.

Clarity Mobile Ventures to Bring COVID-19 and Antigen Testing to Chicago

Friday, January 22, 2021 - 2:00pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210122005069/en/
    Site plan and proposed traffic pattern for Chicago testing center.
  • Were proud to now provide COVID-19 testing to the city of Chicago and the greater Chicagoland area.
  • We are very pleased to be partnering with Dr. Jay Joshi and his network of local professionals to bring best-in-class testing to the Chicago area.
  • SG Blocks unique expertise in providing rapidly deployable COVID-19 testing sites will add much-needed testing in the greater Chicago area, said Paul Galvin, Chairman and CEO of SG Blocks.

Magellan and Enterprise to Develop Joint Houston Crude Oil Futures Contract

Thursday, January 21, 2021 - 9:46pm

The quality specifications will be consistent with a West Texas Intermediate (WTI) crude oil originating from the Permian Basin with delivery capabilities at either Magellans East Houston terminal or Enterprises ECHO terminal in Houston.

Key Points: 
  • The quality specifications will be consistent with a West Texas Intermediate (WTI) crude oil originating from the Permian Basin with delivery capabilities at either Magellans East Houston terminal or Enterprises ECHO terminal in Houston.
  • View the full release here: https://www.businesswire.com/news/home/20210121005953/en/
    The industry-recognized quality and consistency of Midland WTI crude oil at Magellans East Houston terminal, combined with flexible and reliable market access offered by both Magellan and Enterprise, make this joint effort a logical advancement for crude oil futures to provide added value for our customers, both domestically and globally, said Michael Mears, Magellans chief executive officer.
  • We are pleased to join with Magellan on this initiative, which will provide customers with enhanced flexibility, connectivity, market access and price transparency for their physical barrels of crude oil, said A.J.
  • Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil.

J.B. Hunt Transport Services, Inc. Announces Payment of Dividend

Thursday, January 21, 2021 - 5:11pm

J.B. Hunt Transport Services, Inc., a Fortune 500 and S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America.

Key Points: 
  • J.B. Hunt Transport Services, Inc., a Fortune 500 and S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America.
  • J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more.
  • J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average.
  • J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT.

Reliatrace, Inc. Announces Patent for Self-Regulating Flexible Heating Device

Thursday, January 21, 2021 - 3:33pm

10,856,365 for a Self-Regulating Flexible Heating Device.

Key Points: 
  • 10,856,365 for a Self-Regulating Flexible Heating Device.
  • With this technology, the risk of overheating is greatly reduced compared with alternative heating methods using thermostats or other temperature controls.
  • This Self-Regulating Flexible Heating Device has already been used in the beauty industry.
  • While Reliatrace primarily works with B2B clients, earlier this year the company launched its first direct-to-consumer product using its patented Self-Regulating Flexible Heating Device in a new tool for bakers.

MEDIA ALERT — Wolters Kluwer looks at tax credits implemented to help reduce carbon footprint

Thursday, January 21, 2021 - 3:00pm

Wolters Kluwer Tax & Accounting:

Key Points: 
  • Wolters Kluwer Tax & Accounting:
    What: The enactment of a credit for carbon oxide sequestration in 2008 was the first step in the efforts to encourage the recapture of carbon oxide from the atmosphere.
  • PLEASE NOTE: The content of this alert has been prepared by Wolters Kluwer Tax & Accounting for general informational purposes only.
  • The information is provided with the understanding that Wolters Kluwer Tax & Accounting is not engaged in rendering legal, accounting, or other professional services.
  • Contact: To arrange an interview with Mark Luscombe or other federal and state tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topics, please contact Bart Lipinski.