Trailers

FreightWaves Haul of Fame: TIP led the truck and trailer leasing sector

A TIP trailer being hauled by a Penske tractor. (Photo: Jim Allen/FreightWaves)

Transport International Pool began as Container Leasing, Inc. and was founded on September 12, 1957 by a group of entrepreneurs in Philadelphia. The company’s official filing stated that Container Leasing, Inc. would “engage in the business of buying, selling, renting and/or leasing for hire all type of trucks, automotive equipment, railroad equipment, marine equipment, aircraft equipment, and containers of any type and description, and any other items of like nature used in the transportation...

https://www.freightwaves.com/news/freightwaves-haul-of-fame-tip-led-the-truck-and-trailer-leasing-sector

Trailer maker Utility targeted in ransomware attack

A trailer produced by Utility Trailer Manufacturing, which was recently targeted in a ransomware attack.

Utility Trailer Manufacturing, one of the largest U.S. producers of trailers for the trucking industry, was targeted in an apparent ransomware attack that exposed personal information of numerous employees. 

The California-based company told FreightWaves that it had “suffered a cyber event” that disrupted some systems temporarily. The company disclosed the incident after the Clop ransomware gang leaked over 5 gigabytes of data to the dark web this week. 

“Upon discovery, Utility immediately...

https://www.freightwaves.com/news/trailer-maker-utility-targeted-in-ransomware-attack

Wabash National seeing promise fulfilled in final-mile body business

The waiting to see its investment in final-mile products pay off may finally be happening for Wabash National (NYSE: WNC).

The trailer maker that books most of its revenue from dry vans and refrigerated trailers saw great potential for last-mile delivery in 2017 when it paid $364 million for Supreme, the second-largest bodybuilder behind Morgan-Olson, the leading producer of aluminum walk-in vans. 

Whipping Supreme into shape has taken time, patience and money. 

As the COVID pandemic expands...

https://s29755.pcdn.co/news/wabash-national-seeing-promise-fulfilled-in-final-mile-body-business

5 NASCAR tracks with great truck parking

Semis parked at Bristol Motor Speedway.

Bristol Motor Speedway
GPS address: 151 Speedway Blvd., Bristol, Tennessee, 37620
Phone: 866-415-4158


Bristol Motor Speedway. (Photo: Jim Allen/FreightWaves)

Formerly known as Bristol International Raceway, and sometimes called The Last Great Colosseum because of its stadium-like structure, Bristol Motor Speedway (BMS) is one of the smallest tracks on the NASCAR circuit. It’s only half a mile long — well, technically 0.533 mile — located in the small northeastern Tennessee town of the same name. It...

https://www.freightwaves.com/news/5-nascar-tracks-with-great-truck-parking

5 weird things spilled out of trucks

Flipped tractor-trailer with freight spilled across the median.

Accidents happen, even to the best truckers on America’s highways. Sometimes freight ends up scattered across the road, and occasionally it’s something people may not expect. These are five fairly odd things that have spilled out of or fallen off of trucks.

All abuzz

A semi carrying more than 450 beehives rolled over near Lynwood, Washington, in the predawn hours of April 17, 2015. It happened on the I-5 median at the I-405 interchange. The driver of the truck was not injured.

The hives contained...

https://www.freightwaves.com/news/5-weird-things-spilled-out-of-trucks

Orbcomm reports fourth-quarter loss of $14.8M

Orbcomm Inc. (NASDAQ: ORBC) on Wednesday reported a fourth-quarter net loss of $14.8 million, with a per-share loss of 19 cents.

The 19 cents per-share loss for the fourth quarter was largely the result of a $11.7 million loss on debt extinguishment, Orbcomm said. Adjusted to extinguish debt, the loss was 4 cents per share. 

“While the pandemic caused significant disruption, we showed our resilience,” Marc Eisenberg, president and chief executive officer of Orbcomm, said during the company’s...

https://s29755.pcdn.co/news/orbcomm-reports-fourth-quarter-loss-of-$148m

Orbcomm reports third-quarter loss of $5.5M

Orbcomm Inc. (NASDAQ: ORBC) on Wednesday reported a third-quarter net loss of $5.5 million, with a per-share loss of $0.07.

The Rochelle Park, New Jersey-based company posted revenue of $61.7 million in the period, compared to $69.1 million during the third-quarter of 2019, a 10.7% decrease.

Company officials said the decline in revenue can partly be attributed to “certain customers in the oil and gas and heavy equipment markets that limited usage of our services in response to the ongoing...

https://www.freightwaves.com/news/orbcomm-reports-third-quarter-loss-of-55m

TOTE Maritime Alaska marks 45 years of service to the 49th state

TOTE Maritime Alaska (TOTE Alaska), an affiliate of TOTE LLC (“TOTE”), is celebrating the 45th anniversary of its inaugural sailing between Washington and Alaska. This anniversary represents nearly half a century of dedicated service between the Lower 48 and the communities of the Last Frontier.

“TOTE Alaska has a proud history of serving the people and communities of Alaska,” TOTE Alaska president Grace Greene, said in a prepared statement. “Driven by a commitment to excellence, we have...

https://www.workboat.com/news/offshore/tote-maritime-alaska-marks-45-years-of-service-to-the-49th-state/

Trailer sales and leasing company files for bankruptcy protection

K & L Trailer Sales and Leasing Inc. (K & L Sales) of Knoxville, Tennessee, recently filed for Chapter 11 bankruptcy protection.

The family-owned business, opened in 1994, employs 23 people. The company sells new and used trailers, including dry van, reefer, flatbed and tankers, among others.

K & L Sales also sells parts and operates a trailer repair shop.

In its filing with the U.S. District Court for the Eastern District of Tennessee, it lists assets between $1 million and $10 million and...

https://www.freightwaves.com/news/trailer-sales-and-leasing-company-files-for-bankruptcy-protection

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