United Road Archives - Maritime Shipping News

United Road under new ownership in swap of debt for equity

30 June 2023

United Road, a major carrier of new and used automobiles, has an unidentified new group of owners.

The fact that the company is no longer fully owned by The Carlyle Group (NASDAQ: CG) was revealed earlier this month through actions taken by S&P Global Ratings (NYSE: SPGI) and Moody’s (NYSE: MCO).

The two agencies changed the company’s debt rating to a type of default and withdrew their rating on a first-term lien that was restructured. In the restructuring, the outstanding debt was converted...

https://www.freightwaves.com/news/united-road-under-new-ownership-in-swap-of-debt-for-equity

S&P: Auto hauler United Road faces challenge dealing with its debt

15 December 2022

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United Road, a major hauler of automobiles, is looking at a weak market for new vehicle production...

https://www.freightwaves.com/news/sp-auto-hauler-united-road-faces-challenge-dealing-with-its-debt

Cómo un transportista de automóviles mueve 4 millones de vehículos en una crisis de la cadena de suministro

12 April 2022

Three United Road car haulers on the highway

PLYMOUTH, Michigan – Mark Anderson dibuja un triángulo en un papel y etiqueta los tres puntos A, B y C, para ilustrar cómo su empresa coreografía el movimiento de 4 millones de automóviles y camiones al año.

Pero la pandemia y la crisis de la cadena de suministro hicieron estragos en el modelo, creando un enorme problema de eficiencia para el presidente y director general de United Road Services.

“Vamos desde el punto A y tenemos una planta aquí y enviamos camiones por aquí hasta el punto B donde...

https://www.freightwaves.com/news/como-un-transportista-de-automoviles-mueve-4-millones-de-vehiculos-en-una-crisis-de-la-cadena-de-suministro

United Road Services battles inefficiency while moving 4M cars a year

12 April 2022

PLYMOUTH, Mich. — Mark Anderson draws a triangle on a piece of paper and labels the three points A, B and C, illustrating how his company choreographs the movement of 4 million cars and trucks a year.

But the pandemic and the supply chain crisis played havoc with the model, creating a huge efficiency problem for the president and CEO of United Road Services.

“We go from point A and we have a plant here and we send trucks this way to point B where there’s a port. And we get trucks there and we go...

https://www.freightwaves.com/news/united-road-services-battles-inefficiency-while-moving-4m-cars-a-year

The Daily Dash: The price for vaccine distribution

24 November 2020

Tendfer rejections rise as vaccine is about to hit supply chain

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, tightness in the reefer market could complicate COVID vaccine distribution — or at least drive up the price of distribution. Plus, a charity group is helping truckers in need this year, and investment firms are buying into digital freight brokerage.

Reefer capacity could complicate vaccine distribution

As vaccine distribution is almost ready to accelerate, a refrigerated trailer capacity issue is...

https://s29755.pcdn.co/news/the-daily-dash-the-price-for-vaccine-distribution

Future view: United Road bets on Uptake predictive maintenance

20 November 2020

Predictive maintenance is comparatively new in commercial trucking. But one heavy-haul fleet booked a 400% return on investment compared to the costs of on-road breakdowns.

Using customer and industry data from telematics, repair orders and fluid analysis, Chicago-based Uptake uses artificial intelligence and machine learning to pinpoint when a component or system is going to break down or wear out.

“This technology has held promise for a number of years,” Braden Pastalaniec, Uptake vice...

https://s29755.pcdn.co/news/seeing-the-future-united-road-bets-on-uptake-predictive-maintenance