Business

Mergers & Acquisitions
Market moves: Manufacturer and supplier channel make February a busy month
February is the shortest month of the year. But that didn't stop it from being on of the busiest stretches for mergers and acquisitions in recent months.
February 25, 2021
Mergers & Acquisitions Roundup
Growth strategies
TopMark Funding announces return to travel for account reps, expands team
As the country begins to rebound and vaccinations are rolled out to essential workers including truck drivers, TopMark has revved its engine on growing the Dealer Referral Network and its sales team will be returning to the field in the coming months.
February 24, 2021
Shutterstock People In Boardroom
Outlook and Benchmarking
MEMA study indicates more than 907K workers in vehicle production roles
The vehicle supplier industry continues to be the largest manufacturing sector in the United States. With direct, indirect and induced employment, the vehicle supplier industry generated a total of 4.8 million U.S. jobs in 2019.
February 23, 2021
Assembled Electric Powertrains Ready For Installation Into Lightning Electric Transit 350 Hd Vehicles
Mergers & Acquisitions
JX Truck Center expands Illinois coverage area
“We are proud to welcome Heartland Peterbilt and its dedicated associates to the JX family and would like to thank Diana Nuxoll and her entire team for their hard work and dedication” says JX Enterprises' Eric Jorgensen.
February 22, 2021
Peterbilt New Model 579 Exterior Copy
Mergers & Acquisitions
Peach State Truck Centers acquires Western Star franchise
The acquisition extends Peach State’s product breadth and solidifies its commitment to the central Alabama region.
February 22, 2021
Ws 49 X Sb Log Day Red 02r Convert To Jpg
Mergers & Acquisitions
Goodyear Tire & Rubber announces big acquisition
After closing, the combined company will be headquartered in Akron, Ohio, but Goodyear expects to maintain a presence in Findlay, Ohio.
February 22, 2021
Shutterstock=truck Tires
Outlook and Benchmarking
Ritchie Bros. reports total revenue increased 15 percent in Q4
"I am proud of the technology driven innovations our teams implemented to help customers leverage our omni-channel platform while keeping our health protocols a top priority,” says Ritchie Bros CEO Ann Fandozzi.
February 19, 2021
Shutterstock Customer Inspecting Truck
Growth strategies
Volvo, Mack dealer opens 120,000 sq.-ft. location in Houston
“Our goal is to exceed customer expectations with our entire product and service offering,” says Tom Ewing of Vanguard Truck Centers. “We believe our new Houston location provides a best-in-class experience for our employees and customers."
February 18, 2021
Volvo Trucks Dealer Vanguard Houston
Mergers & Acquisitions
Federal Signal completes acquisition of OSW
Federal Signal Corporation announced the completion of the acquisition of OSW Equipment and Repair for cash considerations.
February 18, 2021
Shutterstock Businessmen Face To Face
Outlook and Benchmarking
Dana reports fourth quarter sales totaled $2.11 billion
Sales for the fourth quarter of 2020 totaled $2.11 billion, compared with $1.99 billion in the same period of 2019, representing a $121 million improvement.
February 18, 2021
Shutterstock Spreadsheet Pen
Mergers & Acquisitions
Dickinson Fleet Services continues growth trajectory
Dickinson Fleet Services says the acquisition bolsters the geographic reach of the company's nationwide fleet services, including shop service, scheduled on-site maintenance and emergency mobile repair.
February 17, 2021
Dickinson Fleet Services
Growth strategies
American Trailer Rental Group expands into St. Louis
“This important expansion continues our strategic objective to build a national footprint via greenfield developments and strategic acquisitions," says ATRG CEO Jonathan Brooks.
February 17, 2021
Meisler Logo
Mergers & Acquisitions
Gamber-Johnson acquires Premier Mounts
Premier Mounts will become a Gamber-Johnson brand with main office functions remaining in Southern California.
February 17, 2021
(Pictured L to R): Brian Wagner, president and CEO of Gamber-Johnson; Len Dozier, owner and CEO of Premier Mounts; and Gautam Malik, chief operating officer of Gamber-Johnson.
Outlook and Benchmarking
TMC Annual Meeting goes virtual, transportation expo shifted to fall
TMC says its annual meeting will be held as a virtual event across two weeks in April, with its regular product expo being moved to its fall meeting in September so it can be held in person.
February 16, 2021
Tmc 187 Ata 0
Mergers & Acquisitions
Corcentric acquires B2B payments firm to ease supplier expenditures
Corcentric has acquired Vendorin from Juvo Technologies for a purchase price of $100 million.
February 16, 2021
Shutterstock Cash In Mailbox
Outlook and Benchmarking
New Jersey operation named Mack's top dealer in 2020
Mack presents its Dealer of the Year awards to dealers that exceed business targets for sales, parts and leasing, as well as those that continue to grow the business and score highly among customers for satisfaction.
February 15, 2021
210215 Bergeys Truck Centers
Outlook and Benchmarking
Chris Christie to keynote TRALA Annual Meeting
Gov. Chris Christie will serve as keynote speaker at the 2021 TRALA Annual Meeting, set for April 11-14, 2021, virtually as well as in-person at the JW Marriott in San Antonio.
February 12, 2021
Trala Logo
Battery electric
GreenPower, Forest River enter into purchase agreement
The purpose-built all-electric EV Star CC will be used in a new line of Forest River zero-emission product offerings.
February 12, 2021
Green Power
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Nikola teases details about coming commercial truck program
Nikola Corporation on Tuesday unveiled its production and release plans for its TRE and TWO commercial trucks into the North American commercial trucking industry. Both are expected to begin production within four years.
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Used trucks
Used prices expectedly rise thanks to lower volumes in January, J.D. Power reports
Ahead of Navistar's San Antonio manufacturing plant launch, the company acquires second property in the area.
Growth strategies
Navistar acquires second property in San Antonio
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Kenworth launches T680 Next Gen, its most aerodynamic truck to date
Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
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Heavy-duty repair shops don’t face the same challenges as their light-duty counterparts – so why are they so often lumped together?
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