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Forward Air Announces Largest Ever Rate Increase for Independent Contractor Drivers

GREENEVILLE, Tenn.–(BUSINESS WIRE)–Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Forward today announced the largest ever rate-per-mile increase to its independent contractor fleet within its less-than-truckload (“LTL”) […]

December 17, 2021

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Auto Demand Levels Remain Depressed on Chip Famine Alongside Race Between Vaccine & Variants; 2022 Light Vehicle Demand Set to Post 82.4 Million (+3.7%)—as Supply Chain Shortages Limit Market Recovery, According to IHS Markit

Semiconductor shortages, and wider supply chain disruptions expected to linger until 2023 SOUTHFIELD, Mich.–(BUSINESS WIRE)–IHS Markit (NYSE: INFO), a world leader in information, analytics and solutions, forecasts new light vehicle sales of nearly 82.4 million globally in 2022, up 3.7%. IHS Markit projects the industry will finish out 2021 with nearly 79.4 million light vehicles […]

December 17, 2021

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Tavant Announces Go-Live of TRACS, a Truck Registration and Claim System for Mitsubishi Logisnext Americas

The manufacturer has achieved 70% increase in claim auto processing and a unified view of claims and warranty processes across its business units SANTA CLARA, Calif.–(BUSINESS WIRE)–#claimmanagement–Tavant, Silicon Valley’s leading digital products and solutions company, today announced the rollout of TRACS, a truck registration and claim system purpose-built for Mitsubishi Logisnext Americas. The rollout of […]

December 17, 2021

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Indy Autonomous Challenge Prepares to Make History at CES 2022, Hosting Autonomous Racecar Competition and Announcing Luminar as Premier Sponsor

January 3-8, 2022, Las Vegas Highlights Indy Autonomous Challenge (IAC) to host the Autonomous Challenge @ CES, Las Vegas Motor Speedway – January 7, 2022, the first high-speed, head-to-head autonomous racecar competition in history 19 universities, from 8 countries, forming 9 race teams seeking to compete IAC Dallara AV-21 racecar to be featured at CES […]

December 17, 2021

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Samsung Begins Mass Production of Comprehensive Automotive Memory Solutions for Next-Generation Autonomous Electric Vehicles

Samsung reinforces its automotive memory lineup for advanced infotainment and autonomous driving systems with high-performance SSDs, graphics DRAM, DDR4 DRAM and UFS products Delivering server-class performance and capacity, new memory solutions support complex processing of multimedia applications and autonomous driving data SEOUL, South Korea–(BUSINESS WIRE)–#PCIe_Gen3_NVMe_BGA_SSD–Samsung Electronics Co., Ltd., the world leader in advanced memory technology, […]

December 16, 2021

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Allison Transmission Recognized for Supplier Quality by Daimler Truck North America

DTNA recognized Allison Transmission as one of its top component and service suppliers for the fifth time INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial vehicles is honored to be named a recipient of the 2020 Masters of Quality award from Daimler Truck North America (DTNA), North […]

December 16, 2021

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Improve Contents Claim Experiences for Insureds and Adjusters with New Guidewire Marketplace App from Enservio

NEEDHAM, Mass. & SAN MATEO, Calif.–(BUSINESS WIRE)–$GWRE #ClaimCenter–Guidewire (NYSE: GWRE) and Enservio®, a Solera company, announced that Enservio’s new ClaimCenter application is now available in the Guidewire Marketplace. Customers of Guidewire’s ClaimCenter can now conveniently access Enservio’s Ready for Guidewire add-on, creating a pre-built interface between the two platforms. Enservio’s cloud-based contents management solution, ContentsExpress, […]

December 16, 2021

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Blue Bird Reports Fiscal 2021 Fourth Quarter and Full Year Results; Impacted by Supply Chain Disruptions; Strong Demand and Record Firm Order Backlog; Well Positioned for EV Market Expansion

Net Sales of $684M and GAAP Net income of $(0.3)M; Firm Order Backlog of 4,200+ units; Electric Bus Backlog at 260+ units; Adjusted EBITDA of $34.1M with 6,679 Buses Sold MACON, Ga.–(BUSINESS WIRE)–Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leading independent designer and manufacturer of school buses, announced today its fiscal 2021 fourth quarter […]

December 16, 2021

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Velodyne Lidar to Participate in 20th Annual J.P. Morgan Tech/Auto Forum

SAN JOSE, Calif.–(BUSINESS WIRE)–$VLDR #VLDR–Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), the leading lidar company, known worldwide for its broad portfolio of breakthrough lidar technologies, announces participation in the upcoming 20th Annual J.P. Morgan Tech/Auto Forum at the CES® 2022 on Wednesday, January 5, 2021. Management will present on Wednesday, January 5, 2021, at 6:40 p.m. […]

December 16, 2021

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Blue Bird Corporation Announces $75M Private Placement

FORT VALLEY, Ga.–(BUSINESS WIRE)–Today, Blue Bird Corporation (NASDAQ: BLBD) (“Blue Bird” or the “Company”), a leading manufacturer of school and activity buses, announced that it has entered into and closed on a securities purchase agreement with clients of Coliseum Capital Management, LLC (collectively “Coliseum”). Blue Bird issued and sold an aggregate of $75 million in […]

December 16, 2021

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