GE Capital Transportation Finance Business Sold to BMO Financial Group
GE Capital Corp. has agreed to sell its transportation finance business in the United States and Canada valued at $8.7 billion to BMO Financial Group and its Chicago-based subsidiary BMO Harris Bank. The price was not disclosed.
September 11, 2015TT Archives: CF Closes Its Doors
The shutdown of Consolidated Freightways on Labor Day in 2002 shocked the industry and, temporarily at least, boosted the fortunes of less-than-truckload freight rivals Arkansas Best Freight System, Yellow Transportation and Roadway Express.
September 7, 2015California Ports Users Question New Appointment System
Truckers and shippers welcomed the concept — but worried about the implementation — of a new appointment system for in-terminal container pickups at 10 terminals in the largest U.S. port complex.
September 7, 2015The LTL Freight Management Evolution: Live Connections Change Everything
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September 3, 2015Omnitracs Offers Professional Services Suite
Omnitracs said it is offering a compilation of tools, resources and services designed to help fleet customers make fuller use of its technology products.
September 3, 2015Element Completes Purchase of US Operations of GE Capital Fleet Services
Element Financial Corp. announced that it has completed the purchase of GE Capital’s fleet-management business in the United States and expects to close the purchase of similar operations in Mexico, Australia and New Zealand on Sept. 30.
September 1, 2015PeopleNet Developing New Private-Fleet Platform After Cadec Acquisition
PHOENIX — PeopleNet is developing a new platform tailored to private and food-service fleets, combining its latest technology with the sector-specific expertise it gained through its acquisition of Cadec Global Inc. in May.
August 31, 2015MiX Telematics Launches Driver-Engagement App
Trucking technology supplier MiX Telematics has launched a new application designed to engage drivers by letting them track their performance via the Web or a mobile device.
August 31, 2015Volvo Shows Adaptive Loading System; Fleets Cite Safety, Fuel Benefits in Tests
HEYBURN, Idaho — Volvo Trucks rolled out a drivetrain system that management hopes will give the company a larger presence among liquid and bulk haulers, regional distribution carriers and trucking companies often dealing with loads that diminish over time or with empty backhauls.
August 31, 2015PeopleNet to Roll Out New Platform, Adding Android Devices, Driver Apps
PHOENIX — PeopleNet will launch the next evolution of its fleet-management platform next month, incorporating its latest mobile technology and adding Android-based devices to its product line, the company said here at its annual user conference.
August 31, 2015