Transport News

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has acquired all shares of Ascension Lifts Limited, an Irish elevator company based in Dublin, through its wholly owned subsidiary Motum AB, headquartered in Stockholm, Sweden, on April 29. Mitsubishi Electric and its Tokyo-based subsidiary Mitsubishi Electric Building Solutions Corporation are expanding their worldwide business in elevator maintenance and renewal, which is expected to enjoy growing de...

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, showcases its latest zero- and ultra-low emission commercial vehicle platforms at the upcoming 2025 Advanced Clean Transportation (ACT) Expo, North America’s largest advanced transportation technology event. The company presents both its groundbreaking electric step van and propane-powered stripped chassis at the industry event from April 28-30, 2025, at the Anaheim Conventio...

BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of thirty-three cents ($.33) per share, payable on June 4, 2025, to stockholders of record at the close of business on May 14, 2025. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, pro...

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) announced today that its subsidiary Albany Engineered Composites, Inc. (AEC) has been awarded a seven-year contract from Bell Textron, Inc. (Bell) to produce composite structures components for the Bell 525 helicopter. This award establishes a new partnership with Bell, a key customer in AEC’s growing rotorcraft business. “We are very excited to solidify our long-term support of the 525 for Bell with this contract award,”...

OMAHA, Neb.--(BUSINESS WIRE)--Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today reported results for the first quarter ended March 31, 2025. “First quarter results were below our expectations due to elevated insurance costs, extreme weather, a smaller fleet and changes in customer activity stemming from tariff-induced uncertainty. Despite these challenges, we are seeing strength in Dedicated with a streak of wins in new fleet contracts to be impleme...

CAMBRIDGE, Mass.--(BUSINESS WIRE)--ISEE and TICO Announce Strategic Partnership to Deliver Industry-First Fully Integrated Autonomous Yard Trucks to Customer Operations...

DUBLIN--(BUSINESS WIRE)--The "Cold Chain Logistics Market Outlook to 2029" has been added to ResearchAndMarkets.com's offering. The global Cold Chain Logistics market, valued at USD 275 Bn in 2023, has seen growth driven by rising demand for perishable foods, pharmaceuticals, and other temperature-sensitive products. The expansion of e-commerce and global trade further propel this market, necessitating efficient cold chain solutions to ensure product integrity during transportation and storage....

PHOENIX--(BUSINESS WIRE)--Production has begun on the U-Haul® Toy Hauler, the first addition to the Company’s rental fleet of American-made trailers in 23 years. The Toy HaulerSM is designed for towing large-capacity vehicles and practically anything else that requires a massive flatbed. This multi-use transport is a steroidal ascent from anything else in the U-Haul trailer fleet. The Toy Hauler’s deck is nearly two feet wider and four feet longer than the U-Haul Auto Transport. Boasting a max...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, is pleased to announce that it has signed a definitive agreement with Avolon Aerospace Leasing Limited (Avolon) to acquire 20 aircraft. This portfolio includes 16 narrowbody aircraft, of which 12 are new technology, and 4 wide-body aircraft, all of which are new technology. The average age of the portfolio is approximately 4.1 years, and the average remaining lease ter...

SAN FRANCISCO & SEATTLE--(BUSINESS WIRE)--The Top Threats Deep Dive 2025 report examines eight real-life case studies through the lens of last year's Top Threats to Cloud Computing report....