Ryder Increases Its Solid Liquidity Position with $400M Public Bond Offering
MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it has issued $400 million of senior unsecured medium-term notes due September 2025. The transaction closed on May 7, 2020. The company will be using the proceeds from the offering to refinance a $300 million […]
Rocco Falabella Joins RumbleOn as Strategic Relationship Director
Two-Plus-Decade Industry Expert Joins RumbleOn to Lead Sales Execution DALLAS–(BUSINESS WIRE)–RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced the appointment of industry expert Rocco Falabella as Strategic Relationship Director. A veteran sales and relationship manager, Falabella is well-known […]
Omnitracs Acquires VisTracks, Accelerates Innovation of Omnitracs One Platform and Expansion into SMB Market
Acquisition Fast-Tracks Platform Growth and Extends Partner Network DALLAS–(BUSINESS WIRE)–Omnitracs, LLC, the global pioneer of fleet management solutions to transportation and logistics companies, today announced the acquisition of VisTracks, a leading provider of device-agnostic, SaaS-based compliance solutions to the transportation and logistics industry. This acquisition builds on the Omnitracs One platform vision and further enhances […]
TravelCenters of America Inc. Changes Location of Annual Meeting of Stockholders to Webcast
Annual Meeting of Stockholders still to be held on May 21, 2020 at 9:30 a.m. WESTLAKE, Ohio–(BUSINESS WIRE)–TravelCenters of America Inc. (Nasdaq: TA) announced today that its annual meeting of stockholders scheduled for May 21, 2020 (the “Annual Meeting”) will be held by Internet webcast in order to mitigate potential risks to the health and […]
Herc Holdings to Participate in Goldman Sachs Industrials & Materials Conference on Friday, May 15, 2020
BONITA SPRINGS, Fla.–(BUSINESS WIRE)–Herc Holdings Inc. (NYSE: HRI) today announced that its senior management will participate in the Goldman Sachs Industrials & Materials Conference on Friday, May 15, 2020. Larry Silber, president and chief executive officer and Mark Irion, senior vice president and chief financial officer, will participate in a “fireside chat” that will be […]
WEX Launches Savings Network to Help Fleets Stretch Their Bottom Line
PORTLAND, Maine–(BUSINESS WIRE)–WEX (NYSE:WEX), a leading financial technology service provider, today announced the launch of its new business savings network, WEX EDGE. Designed for times like these to give small fleets and small businesses a competitive edge, WEX EDGE provides access to highly curated, discounted offers that are typically only available to large companies. By […]
Credit Change: New Government initiative guarantees loans for mid-sized players
Ottawa, Ontario — The Government of Canada has announced new measures to help medium-sized businesses–a category which includes several MSOs and franchises operating in the collision industry. The program guarantees 75 percent of loans to mid-market businesses seeking new operating credit and cash-flow loans. The program will be run through Export Development Canada (EDC), though […]
Ready for the Touch-Less Economy: Guild 21’s upcoming webinar
Toronto, Ontario — Guild 21 has announced its upcoming webinar, Ready for the Touch-Less Economy, with Daniel Williams of I.T. consulting company Pariveda. Tune in on May 14 at 2 p.m. EST (11 a.m. PST) to hear Williams’ insights on the future of the touch-less economy and how operations adjustments amid the pandemic will shape how […]
Tuesday Ticker: May 12, 2020
Toronto, Ontario — May 12, 2020 — In this week’s Tuesday Ticker, Magna’s Q1 report eases aftermarket concerns, while Axalta disappoints industry investors and gas prices see a small–but notable–rise. Calmer Seas Magna International’s Q1 report has revealed the Canadian auto part flagship is in far calmer seas than many analysts assumed. According to the […]
Catalytic Crackdown: Steve Fletcher discusses catalytic converter thefts on CTV News
Toronto, Ontario — Automotive Recyclers of Canada Managing Director Steve Fletcher was featured on CTV News last Thursday, where he discussed the rise in catalytic converter thefts amid the pandemic. “We are seeing a lot more activity as the pandemic unfolds,” Fletcher told CTV News. “We’ve been told there have been thefts from six charities […]
