Washington — The Treasury Department’s banks can immediately start selling off the government’s remaining 300.1 million shares in General Motors Co. The Treasury — which plans to sell its 19 percent stake in the Detroit automaker by the end of March 2014 — said Friday it had filed a written trading plan for its stake.
The ongoing tight supply of used vehicles has kept resale values strong and reduced fleet depreciation rates. This is expected to continue through CY-2013. A return to traditional resale values isn’t expected until CY-2014.
Following the completion of trials with two leading North American carmakers and more than 30 vehicle carriers during 2012, software solutions provider, Car Delivery Network (CDN), has announced the release of two new tools designed to manage the delivery of vehicles more efficiently.
Nissan has confirmed that it will be moving production of its Murano crossover model from its Kyushu plant in Japan to the US, with the next generation of the vehicle to be produced at its Canton plant in Mississippi from 2014.
United Parcel Service (UPS) has announced that it will withdraw its €5.2 billion ($7 billion) bid to take over TNT Express after having received notice that the European Commission was working on a decision to prohibit the acquisition on the basis that it would limit competition in European express logistics markets.
Detroit — With the auto industry adding thousands of jobs in 2013, Michigan and other states are lobbying carmakers that they’re the best location for expansion.
C.J. Driscoll & Associates has released a comprehensive new study on the U.S. market for Mobile Resource Management (MRM) systems. This study provides in-depth information on each major MRM market segment, including the market for vehicle-installed fleet GPS tracking solutions for both local and long haul fleets. It also covers the emerging market for managing mobile […]
PierPass, in conjunction with the Ports of Long Beach and Los Angeles, announced an initiative this week to study and address issues that cause “trouble tickets†during pickup and delivery at port terminals. Nearly 1500 trucks (roughly 5 percent of all trucks) per day cause “substantial delays†by either showing up with a container for […]
Fontaine Modification is transforming itself into three focused business segments in 2013: Fontaine Alternative Fuels, Fontaine Auto Transport Services and Fontaine Modification Services. “Segmenting the business, utilizing Marmon Toolbox Concepts, will enable us to better focus on these three key markets to enhance customer satisfaction and support emerging growth initiatives,†says Will Trantham, president of […]
