Business news

General Motors, Navistar
break off purchase plans

Aug 21, 2008 9:36 AM

General Motors and Navistar International have broken off their deal in which GM was to sell its medium-duty truck business to Navistar....

More Refrigerated Transporter business news

TIA creates monthly market
report for 3PL industry

The Transportation Intermediaries Association (TIA) has created a monthly survey that will yield actual information on the business conditions within third-party logistics sector. ...

Teamster’s Hoffa expresses concerns over Mexican pilot program

Teamster’s Jim Hoffa reiterates his concerns over the DOT’s plan to restart the controversial cross-border trucking program, allowing unsafe Mexican trucks to travel freely in the US....

Study looks at problems with PA Turnpike deal

A new report on last year’s unsuccessful effort to lease the Pennsylvania Turnpike to private investors illustrates the good and not-so-good elements of using large scale public-private partnerships to fund roadway infrastructure....

Nominees named for 2009
Truck Dealer of the Year

The nominees for this year’s ATD (American Truck Dealers) Truck Dealer of the Year award have been announced...

Ryder aims to acquire
reinforced capabilities

Ryder System Inc. has reached an agreement to acquire substantially all the assets of Transpacific Container Terminal Ltd. (TCTL) and CRSA Logistics Ltd. (CRSA)....

Penn Traffic expands
procurement contract

The Penn Traffic Company has signed a new procurement contract with C&S Wholesale Grocers Inc., building on the services the nation’s second-largest food wholesaler already provides the Syracuse NY-based operator and supplier of more than 210 northeastern United States supermarkets....

ATA Business Solutions
will tackle critical issues

The American Trucking Associations has launched ATA Business Solutions, a line of information products, business tools, services, training programs, and conferences designed to address issues affecting trucking-related companies....

Mack, Volvo reorganize
North American operations

Mack Trucks and Volvo Trucks North America have jointly formulated a plan for increasing the efficiency of their North American operations....

ConAgra, Ochoa establish
frozen potato joint venture

ConAgra Foods Lamb Weston, a potato company with annual sales exceeding $2 billion, and Ochoa Foods, a privately owned potato processing company based in Boise ID, have entered into a new joint venture....

Industry leader

Refrigerated fleets remain an economic bright spot for the trucking industry, said American Trucking Associations (ATA) economist Tavio Headley, and “is the best performing segment, growing substantially from the first quarter of last year.”...

Hormel breaks ground
on production facility

Hormel Foods Corporation broke ground July 25 on a new production facility in Dubuque IA....

Cummins ends joint
diesel engine venture

Cummins has concluded its joint diesel engine venture with two companies of Italy’s Fiat Group....

Minyard to sell 37 stores,
Carnival brand to group

Minyard Food Stores Inc. has agreed to sell its Carnival Super Market brand and 37 of its stores to a group led by The Grocers Supply Company Inc....

Jim Palmer Trucking files
for Chapter 11 protection

Refrigerated carrier Jim Palmer Trucking and its two subsidiaries, Jim Palmer Equipment and Jim Palmer Equipment II, have filed for Chapter 11 bankruptcy protection in United States Bankruptcy Court....

Cal-Maine Foods agrees
to acquire Zephyr Egg

Cal-Maine Foods Inc. has reached an agreement to acquire the majority of the assets of Zephyr Egg Company, based in Zephyrhills FL....

Sun Capital affiliate
acquires Sunrise ops

Sun Capital Partners Inc., a private investment firm specializing in leveraged buyouts and investments in market-leading companies, announced that one of its affiliates has acquired Sunrise Growers~Frozsun Foods and its affiliates and subsidiaries....

Four producers form
a ‘berry’ strong group

Four leading berry producers—MBG Marketing, a Michigan-based blueberry grower; Hortifrut S.A. (HF), a berry-growing corporation based in Santiago, Chile; Munger Brothers Farms (MB) in Delano CA; and Pan-American Berry Growers LLC (PBG) of Salem OR—have banded together to form Naturipe Foods LLC....

GE SeaCo secures
financing agreements

GE SeaCo SRL, one of the world’s largest container leasing companies, has completed securing a number of financing agreements totaling $575 million....

Private equity firm
sells Preferred Freezer

TA Associates, a growth private equity and buyout firm, has sold control of Preferred Freezer Services LLC to Fenway Partners, a middle-market private equity firm, in partnership with management....

Publix plans to acquire
49 Albertson’s stores

Publix Super Markets Inc. has entered into an agreement to purchase 49 Florida stores from Albertson’s LLC. The transaction is expected to close in September 2008....

Maines adds restaurants
to Burger King account

Maines Paper & Food Service Inc. has expanded its Burger King account to include foodservice distribution to another 22 restaurants in the Maryland area....

Caterpillar, Navistar agree
to form strategic alliance

Caterpillar Inc. and Navistar International Corporation have signed a memorandum of understanding (MOU) to pursue global on-highway truck business opportunities and cooperate on a variety of engine platforms....

Fresh Del Monte Produce
acquires Caribana ops

Fresh Del Monte Produce Inc. has acquired the shares of Desarollo Agroindustrial de Frutales S.A., a producer of bananas in Costa Rica; the shares of Frutas de Exportacion S.A., a major provider of gold pineapples in Costa Rica; and the shares of an affiliated sales and marketing company, collectively known as Caribana....

DRS gets $16.2 million
container order from Army

DRS Technologies Inc. has received a $16.2 million order to provide Multi-Temperature Refrigeration Container System (MTRCS) units to the United States Army’s Natick Soldier Systems Center at Natick MA....

Finance clearinghouse for fuel-saving

The US Environmental Protection Agency's SmartWay Transport Partnership has launched its new web-based finance clearinghouse. Here, buyers of clean trucks...

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