Industry News

Caterpillar Inc. will demonstrate its focus on new technologies, innovations and solutions that help its mining customers succeed in a challenging environment. The MINExpo exhibit unveiled today highlights Caterpillar's rapid advances in leveraging technology and data to improve miners' productivity and efficiency. "Caterpillar's commitment to mining and our mining customers is unwavering," said..."/>
Caterpillar Goes Beyond the Iron at MINExpo International
Orion Group Holdings, Inc. a leading specialty construction company, today announced its Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded a $23.3 million contract by the Naval Facilities Engineering Command Southeast. The project provides for reconstruction of berthing wharfs B-1, B-2 and B-3 on Wharf Bravo at Naval Station Mayport in Jacksonville, Florida. The project is expected to begin in the fourth quarter of 2016,..."/>
Orion Marine Group Announces a Contract Award of Approximately $23 Million
TransDigm Group Inc. has closed the acquisition of US-based valves and actuators maker Young and Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc., the company said. Revenues are anticipated to be aboutUSD 75 mfor the fiscal year endingDecember 2016 with aftermarket comprising approximately 70% of the revenue. Nearly 100% of the revenues are from proprietary products and about 70% of the..."/>
Aerospace Supplier TransDigm Closes Acquisition of US Valve and Actuator Maker Young and Franklin
Knorr-Bremse Ups Stake in Haldex; Sweetens Buyout Offer
Avis Budget Group, Inc. announced today that its wholly-owned subsidiary, Avis Budget Finance plc, has completed an offering of €300 million aggregate principal amount of 4.125% senior notes due 2024 in a private offering.. The Company intends to use the net proceeds of the offering primarily to redeem a portion of its outstanding euro-denominated 6.00% Senior Notes due 2021. The newly-issued notes are guaranteed on a senior unsecured basis by..."/>
Avis Budget Group Announces Closing of €300 Million Senior Notes Offering
Astronics Corporation, a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, announced a 15% stock distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders will receive three shares of Class B Stock for every twenty shares of Common and Class B Stock held on the record date of October 11, 2016, with an ex-dividend date of October 6, 2016."/>
Astronics Announces 15% Class B Stock Distribution
Aircastle has been named as one of 2016' s Top Workplaces by Hearst Media Services. The Top Workplaces lists are based on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, including Alignment, Execution, and Connection, just to name a few."/>
Hearst Media Services Names Aircastle Winner of the Southern Connecticut 2016 Top Workplaces Award
Air T, Inc. today announced that a special committee of independent members of its Board of Directors voted to amend Air T's stockholder rights plan adopted in December 2014 to terminate the preferred share purchase rights under plan at 5:00 p.m. on September 26, 2016. Air T has entered into such an amendment to the stockholder rights plan, and as a result preferred share purchase rights distributed to stockholders under the plan will expire..."/>
Air T, Inc. Terminates Stockholder Rights Plan
YRC Worldwide Inc. today announced that Jamie Pierson, Chief Financial Officer, will deliver a company presentation at 2:15 p.m. MST/ 5:15 p.m. EDT on Wednesday, September 28, 2016, at the Deutsche Bank 24 th Annual Leveraged Finance Conference in Scottsdale, Arizona.. The event will be available to listeners on YRC Worldwide Inc.’ s website as a live webcast and as a replay for 30 days. YRC Worldwide Inc., headquartered in Overland Park, Kan.,..."/>
YRC Worldwide to Present at Deutsche Bank Conference
Westport Fuel Systems Inc. announced that Scott R. Mackie, President of Qualitor Inc.' s International Brakes Industries division— a leading diversified supplier of safety and wear parts for the automotive aftermarket— has been appointed to the Board of Directors of Westport Fuel Systems. In connection with this appointment, Dr."/>
Westport Fuel Systems Appoints New Director
Westport Fuel Systems Inc. announced that Scott R. Mackie, President of Qualitor Inc.' s International Brakes Industries division— a leading diversified supplier of safety and wear parts for the automotive aftermarket— has been appointed to the Board of Directors of Westport Fuel Systems. In connection with this appointment, Dr."/>
Westport Fuel Systems Appoints New Director
EnerDynamic Hybrid Technologies Corp. announces that Mr. Rob Fia has resigned as a director of the Company effective as of September 23, 2016. Mr. Fia has been a non-executive director and a member of the Company's Audit Committee since September 2014.."/>
EHT Announces Resignation of Director
FedEx Corp. Jan. 1, 2018.. Company founder Smith will remain board chairman and chief executive officer, but will drop the role of president, the company said during its annual shareholders meeting Monday. Smith, 72, has held all three titles for decades."/>
FedEx sets up executive changes, Smith to drop president role [The Commercial Appeal, Memphis, Tenn.]
Oil-import quota clash [Albuquerque Journal, N.M.]
Bulletin board [Albuquerque Journal, N.M.]
Waste Management, Inc. in Redding, California voted unanimously to ratify their first contract. The Teamster members, who are represented by Local 137, obtained the contract after a year of negotiating, following a two-to-one election victory on August 28, 2016. There are 22 drivers in the bargaining unit."/>
Waste Workers From Teamsters Local 137 Ratify First Contract
Patrick Industries, Inc. announced today that effective immediately, Jeffrey M. Rodino, Executive Vice President of Sales and Chief Operating Officer, will assume the newly created position of Executive Vice President of Sales and Chief Sales Officer. Kip B. Ellis, Vice President of Market Development, will assume the position of Executive Vice President of Operations and Chief Operating Officer. "We continue to align our talent to maximize..."/>
Patrick Industries, Inc. Announces Officer Promotions
UniFirst Corporation will report its Fiscal 2016 fourth quarter results on October 19, 2016 before the market opens. The Company will also hold a conference call at 10:00 a.m. Eastern Time on October 19, 2016 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company’ s view on earnings forecasts and..."/>
UniFirst Corporation Plans to Announce Fourth Quarter Results on October 19, 2016

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