FleetPride

Parts retailer FleetPride gets lower outlook from Moody’s, but rating holds

The credit outlook for truck parts retailer FleetPride has been reduced by Moody’s Investors Service.

The ratings agency retained Moody’s (NYSE: MCO) corporate family rating of B3. S&P Global Ratings (NYSE: SPGI) has a rating of B- on FleetPride debt, which is considered equivalent to a Moody’s B3 rating. But the S&P outlook on FleetPride is stable, whereas the company’s new outlook at Moody’s is Negative.

Those ratings were affirmed by the ratings agencies approximately a year ago. They are six...

https://www.freightwaves.com/news/parts-retailer-fleetpride-gets-lower-outlook-from-moodys-but-rating-holds

Truck parts supplier FleetPride holds on to speculative debt ratings

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FleetPride, a private equity-owned major supplier of aftermarket truck parts, held on to its...

https://www.freightwaves.com/news/truck-parts-supplier-fleetpride-holds-on-to-speculative-debt-ratings

Borderlands: US challenging Mexico’s import ban corn

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: US challenging Mexico’s import ban on corn; Sprint Transport set to build new headquarters in Texas; FleetPride acquires Sam & Sons Truck Equipment; and Laredo border officers seize narcotics worth $11.5M. 

US challenging Mexico’s import ban on corn

Farmers and policymakers in the United States are urging the Mexican government to reconsider an impending ban on imports...

https://www.freightwaves.com/news/us-challenges-mexico-import-ban-corn

Borderlands: Trucks carried 71% of all US-Mexico cargo moved in September

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Trucks carried 71% of all U.S.-Mexico cargo moved in September; a Japanese parts supplier is opening a plant in Aguascalientes; and a Texas truck driver was killed in a chain reaction wreck. 

Trucks carried 71% of all US-Mexico cargo moved in September

Trucks carried the majority of U.S.-Mexico cross-border freight during the month of September, according to the latest d...

https://www.freightwaves.com/news/trucks-carried-71-of-all-us-mexico-cargo-moved-in-september