News & Events
Online Transport Inc. has purchased the assets of Frontier Transport Corp.
PRESS RELEASE - December 1st, 2010
Greenfield, IN, December 1st, 2010 – Online Transport Inc. has purchased the assets of Frontier Transport Corp., a trucking subsidiary of Toronto-based Vitran Corp. Inc.
Terms of the deal, which the two firms announced on Tuesday, call for Online Transport to acquire 794 semitrailers from publicly-traded Vitran.
The Frontier subsidiary of Vitran is based in Indianapolis. Frontier President Steve Cook will continue to lead the unit under Online Transport's ownership.
"I am appreciative of my long-standing relationship with Vitran and am excited to be bringing Frontier into a pure truckload environment," Cook said in a prepared statement.
PRESS RELEASE
EVENTS
| Transport Topic News |
|
Faulty Bendix Valves Installed on Around 60,000 New Trucks A faulty brake valve produced by Bendix Commercial Vehicle Systems has been installed on as many as 60,000 Navistar Inc., Paccar Inc. and Volvo Group heavy-duty vehicles that are now in service. Fri, 03 Feb 2012 16:00:00 GMT ISM Services Index Jumps in January An index of the U.S. economy's service sector rose in January at the fastest pace in nearly a year, the Institute for Supply Management said Friday. Fri, 03 Feb 2012 15:30:00 GMT Railroads, Union Agree; Possible Strike Averted The largest U.S. freight railroads reached a tentative agreement last week with a union representing track and bridge maintenance workers, eliminating the possibility of a nationwide work stoppage. Fri, 03 Feb 2012 14:00:00 GMT Provisions for Heavier Trucks Removed from House Transportation Bill Provisions for heavier, longer trucks contained in a transportation reauthorization bill introduced in the U.S. House of Representatives Tuesday did not survive the bill's first hearing. Thu, 02 Feb 2012 22:30:00 GMT Cummins' Profit Rises for 4Q, Year Diesel engine maker Cummins Inc. on Thursday said its fourth-quarter profit rose from a year ago as sales climbed to a quarterly record. Thu, 02 Feb 2012 21:45:00 GMT Weekly Intermodal Traffic Rises 5.5% U.S. intermodal traffic rose 5.5% for the week ended Saturday from a year ago, the Association of American Railroads reported. Thu, 02 Feb 2012 21:45:00 GMT Iteris Swings to Fiscal 3Q Profit Iteris Inc., a provider of traffic management technology, said it posted a profit in its third fiscal quarter. Thu, 02 Feb 2012 21:30:00 GMT |
