Industry News

Caterpillar Inc. have entered into a strategic alliance agreement, the companies said. Under the terms of the agreement, Ritchie Bros. will become Caterpillar's preferred global partner for live onsite and online auctions with respect to used Caterpillar equipment, and will complement Caterpillar's existing dealer channels. Ritchie Bros. will..."/>
US Heavy Equipment Maker Caterpillar Forms Strategic Alliance with Ritchie Bros
WABCO Holdings Inc., a leading global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, today reported that several major Chinese heavy duty truck manufacturers– including China National Heavy Truck Corporation, Dongfeng Liuzhou Motor Company and Shaanqi– continue to increase adoption of OptiRide™ electronically controlled air suspension in series production. WABCO’ s OptiRide..."/>
Major Chinese Truck Manufacturers Increasingly Adopt WABCO’s OptiRide Electronically Controlled Air Suspension Technology
Boston Herald The Ticker column [Boston Herald]
Pointer Telocation Systems Ltd. has acquired a fleet services management company in Southern Brazil. Pointer will pay $6.5 million in cash for Cielo Telecom, which manages fleet customers covering 16,000 trucks. Cielo, founded in 1994, has a strong presence in the Brazilian truck sector."/>
Pointer buys Brazilian fleet management co for $6.5m [Globes, Tel Aviv, Israel]
SolarCity to install panels with a total generating capacity of 21 megawatts of electricity at four locations: closed landfills in Woodstock and Parkton, and unused portions of Mount Vista Park in Kingsville and the Southwest Area Regional Park..."/>
Baltimore County announces plan to install solar fields at four sites [The Baltimore Sun]
Cubic Corp. has been awarded a five year, $80 million contract to support aviation training for U.S. Navy and Marine Corps pilots and aircrews. The company said Monday that its defense business arm, will provide operations and maintenance support for F/A-18 and EA-18G aviation training devices and simulators at Naval Air Station Oceana in Virginia, Marine Corps Air Station Miramar in San Diego, Naval Air Station Lemoore near Fresno, Naval Air Station Whidbey..."/>
Cubic nets $80 million pilot training contract [The San Diego Union-Tribune]
Honeywell Aerospace and United Auto Workers Local 9 have agreed to meet during the week of Sept. 12 to resume negotiations over a new five-year contract for union employees at the company's South Bend plant. The last negotiation session was on June 8, but the parties failed to reach an agreement. In a statement, Honeywell said the union only recently requested to resume negotiations."/>
Honeywell, UAW to resume contract talks [South Bend Tribune, Ind.]
Nordson EFD, a Nordson company, the world’ s leading precision fluid dispensing systems manufacturer, announces the launch of its new 781 Mini™ Series Low Volume, Low Pressure spray valve featuring an improved design for smaller, more uniform spray patterns and dispensing capabilities in complex, tighter spaces. This Smart News Release..."/>
New Nordson EFD 781Mini Spray Valve Delivers Exceptionally Uniform Spray Control in 60% Smaller Form Factor
SolarCity was one of the nation's hottest growth companies. The company, which plans to open the biggest solar panel factory in North America next year in South Buffalo, still is the nation's leading installer of residential rooftop solar energy systems, with a commanding market share equal to that of its 50 biggest competitors combined. But SolarCity, over the past year, has stumbled, with its growth slowing to more pedestrian levels, its losses swelling and..."/>
Regulatory headwinds slow SolarCity's growth [The Buffalo News, N.Y.]
BluMetric Environmental Inc., an Ottawa-based cleantech company, announces the following unaudited results for its third quarter, ended June 30, 2016.. Revenues in the quarter were $8.4 million with net income of $371,000, or $0.01 per share fully diluted. Gross margins were slightly lower in the quarter versus the same quarter in the prior year."/>
BluMetric Announces Third Quarter Fiscal 2016 Results
Rand Logistics, Inc., a leading provider of bulk freight shipping services throughout the Great Lakes Region, announced that it has completed agreements with its lenders to amend its credit agreements and waive certain events of defaults.. Pursuant to the Amendment and Waiver Agreements, among other things, the Company loosened its senior and total debt financial covenants. Additional summary information has been provided in Rand’ s Quarterly..."/>
Rand Logistics Announces Agreements With Lenders to Amend Loan Covenants and Waive Defaults and Compliance With Nasdaq Listing Standards
Caterpillar and Participating Dealers for Caterpillar Equipment Upon Closing of Ritchie Bros.' Acquisition of IronPlanet Strategic Relationship to Accelerate Caterpillar's IoT Connectivity Offerings for Used Equipment Owners. VANCOUVER and PEORIA, IL, Aug. 29, 2016/ CNW/- Ritchie Bros., the world's largest industrial auctioneer and a leading equipment distributor, and Caterpillar Inc. today announced that they have entered..."/>
Ritchie Bros. and Caterpillar Inc. Announce Strategic Alliance
Caterpillar and Participating Dealers for Caterpillar Equipment Upon Closing of Ritchie Bros.' Acquisition of IronPlanet Strategic Relationship to Accelerate Caterpillar's IoT Connectivity Offerings for Used Equipment Owners. VANCOUVER and PEORIA, IL, Aug. 29, 2016/ PRNewswire/- Ritchie Bros., the world's largest industrial auctioneer and a leading equipment distributor, and Caterpillar Inc. today announced that they have..."/>
Ritchie Bros. and Caterpillar Inc. Announce Strategic Alliance

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