Trucking

EnPro Industries Announces Agreement to Sell STEMCO Air Springs Business, Reaching Final Milestone in Reshaping of Heavy-Duty Truck Business

Monday, August 3, 2020 - 10:00pm

EnPro Industries, Inc. (NYSE: NPO) announced that it has entered into a definitive agreement to sell its STEMCO Air Springs business unit, manufacturer of Goodyear-licensed air springs, as well as Super Cushion and Spring Ride air springs, to an affiliate of private equity firm Turnspire Capital Partners.

Key Points: 
  • EnPro Industries, Inc. (NYSE: NPO) announced that it has entered into a definitive agreement to sell its STEMCO Air Springs business unit, manufacturer of Goodyear-licensed air springs, as well as Super Cushion and Spring Ride air springs, to an affiliate of private equity firm Turnspire Capital Partners.
  • The purchase price is subject to adjustment based on the amount of cash and working capital on the closing date.
  • The sale of STEMCOs Air Springs business marks a significant milestone in our portfolio reshaping effort within STEMCO and significantly reduces EnPros exposure to the commercial vehicle and heavy-duty truck markets.
  • Based on this work, we have exited several product lines and divested several businesses to reduce our heavy-duty truck exposure.

COVID-19 Impact & Recovery Analysis- Light-duty Truck Steering System Market (2019-2023) | Increased Demand for Transportation and Logistics to Boost Growth | Technavio

Monday, August 3, 2020 - 6:15pm

Our light-duty truck steering system market report covers the following areas:

Key Points: 
  • Our light-duty truck steering system market report covers the following areas:
    This study identifies the growing adoption of steer-by-wire technology in light-duty trucks as one of the prime reasons driving the light-duty truck steering system market growth during the next few years.
  • Light-duty Truck Steering System Market 2019-2023: Vendor Analysis
    We provide a detailed analysis of vendors operating in the light-duty truck steering system market, including some of the vendors such as Bosch GmbH, JTEKT Corporation, Knorr-Bremse AG, Nexteer Automotive, thyssenkrupp AG, and ZF Friedrichshafen AG.
  • Backed with competitive intelligence and benchmarking, our research reports on the light-duty truck steering system market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Light-duty Truck Steering System Market 2019-2023: Key Highlights

Airgain® Announces AirgainConnect™ Device Certification on AT&T LTE Network

Monday, August 3, 2020 - 2:15pm

By integrating the modem within an antenna assembly, AirgainConnect is capable of transmitting the maximum allowable radiated power directly to the LTE antenna elements.

Key Points: 
  • By integrating the modem within an antenna assembly, AirgainConnect is capable of transmitting the maximum allowable radiated power directly to the LTE antenna elements.
  • Achieving our first network certification is an important milestone for Airgain and the AirgainConnect platform, as it reaffirms our commitment to provide high quality solutions that meet the highest performance and reliability standards, said Jacob Suen, President and Chief Executive Officer of Airgain.
  • Airgain cautions you that statements in this press release that are not a description of historical facts are forward-looking statements.
  • These forward-looking statements include statements regarding the expected performance of and improvements from any AirgainConnect products, including AirgainConnect.

CAI International, Inc. Announces Q2 2020 Financial Release Date and Conference Call

Friday, July 31, 2020 - 10:50pm

If you are unable to participate during the live conference call and webcast, the call will be archived at www.capps.com for 30 days (click the “Investors” tab).

Key Points: 

If you are unable to participate during the live conference call and webcast, the call will be archived at www.capps.com for 30 days (click the “Investors” tab).
View source version on businesswire.com: https://www.businesswire.com/news/home/20200731005490/en/

 Donaldson Company Declares Quarterly Cash Dividend

Friday, July 31, 2020 - 6:00pm

Donaldson Company, Inc. (NYSE: DCI) today announced that its Board of Directors declared a regular cash dividend of 21.0 cents per share, payable August 31, 2020, to shareholders of record on August 17, 2020.

Key Points: 
  • Donaldson Company, Inc. (NYSE: DCI) today announced that its Board of Directors declared a regular cash dividend of 21.0 cents per share, payable August 31, 2020, to shareholders of record on August 17, 2020.
  • The Company has paid a cash dividend every quarter for 65 years, and Donaldson was added to the S&P High-Yield Dividend Aristocrats Index in January 2016 after 20 consecutive years of annual dividend increases.
  • Founded in 1915, Donaldson Company is a global leader in the filtration industry with sales, manufacturing and distribution locations around the world.
  • Donaldsons innovative technologies are designed to solve complex filtration challenges and enhance customers equipment performance.

Horizon Global Announces Date for Second Quarter 2020 Results Conference Call

Friday, July 31, 2020 - 5:00pm

Horizon Global (NYSE: HZN) announced today that it will host a conference call regarding the Companys second quarter 2020 results on Friday, August 7, 2020, at 8:30 a.m. Eastern Time.

Key Points: 
  • Horizon Global (NYSE: HZN) announced today that it will host a conference call regarding the Companys second quarter 2020 results on Friday, August 7, 2020, at 8:30 a.m. Eastern Time.
  • The conference call will be hosted by Horizon Global President and Chief Executive Officer Terry Gohl as well as Chief Financial Officer Dennis Richardville.
  • The second quarter 2020 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on August 7, 2020 and will be available on the Companys website at www.horizonglobal.com prior to the start of the call.
  • The conference call will be webcast simultaneously and in its entirety through the Horizon Global website.

TravelCenters of America Opens First Arizona TA Express

Friday, July 31, 2020 - 4:31pm

TravelCenters of America Inc. (Nasdaq: TA), nationwide operator of the TA, Petro Stopping Centers and TA Express travel center network, has opened a new TA Express in White Hills, Arizona, through a franchise agreement with Orly Jackson and Lissette Fernandez.

Key Points: 
  • TravelCenters of America Inc. (Nasdaq: TA), nationwide operator of the TA, Petro Stopping Centers and TA Express travel center network, has opened a new TA Express in White Hills, Arizona, through a franchise agreement with Orly Jackson and Lissette Fernandez.
  • Amenities at TA Express White Hills include:
    Our TA Express brand has allowed us to quickly expand our footprint across the country and serve more drivers, said Barry Richards, president of TA.
  • TA Express White Hills is the first TA Express in Arizona, and the companys eighth travel center in the state.
  • TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network.

Global Autonomous Vehicle ECU Market 2020 - ResearchAndMarkets.com

Friday, July 31, 2020 - 2:49pm

The "Global Autonomous Vehicle ECU Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Autonomous Vehicle ECU Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
  • The autonomous vehicle ECU market is poised to grow by $ 1.43 bn during 2020-2024 progressing at a CAGR of 24% during the forecast period.
  • The report on the autonomous vehicle ECU market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • This study identifies the development of scalable ECU platform to enable level 3 autonomy as one of the prime factors driving the autonomous vehicle ECU market growth during the next few years.

Knight-Swift Transportation Holdings Inc. Announces Quarterly Cash Dividend

Friday, July 31, 2020 - 2:00pm

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (the Company) announced today that its board of directors has declared the Companys quarterly cash dividend of $0.08 per share of common stock.

Key Points: 
  • Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (the Company) announced today that its board of directors has declared the Companys quarterly cash dividend of $0.08 per share of common stock.
  • The Company's quarterly dividends are pursuant to a cash dividend policy approved by its board of directors.
  • The Companys dividend is payable to stockholders of record on September 4, 2020 and is expected to be paid on September 25, 2020.
  • Knight-Swift Transportation Holdings Inc. is a provider of multiple truckload transportation and logistics services using a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America.