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John G Smith
John G. Smith is the editorial director of Newcom Media's trucking and supply chain publications -- including Today's Trucking, trucknews.com, TruckTech, Transport Routier, and Road Today. The award-winning journalist has covered the trucking industry since 1995.
TFI to sell, lease back four properties
MONTREAL, QC - Pure Industrial Real Estate Trust (PIRET) will buy and lease back four TFI International properties, Canada's largest fleet has announced. The $135.7-million deal includes two facilities in Montreal, and another two in Toronto, and represents less than 20% of the net book value of TFI's real estate portfolio. "This transaction underlines our continuous efforts to unlock shareholder value," said Alain Bédard, chairman, president, and Chief Executive Officer of TFI International. "Through this sale, we believe TFI has realized market value for these real estate assets.
The FBI Group acquires Consolidated Carriers
VAUGHAN, ON - The FBI Group has acquired its third non-asset-based freight broker -- Consolidated Carriers of Markham, Ontario. Consolidated employees now join FBI (Freight Brokers International) Group at headquarters in Vaughan, Ontario, while Consolidated owner Wayne McCord will join the team in a sales capacity. "We're excited to bring Wayne and his staff into the FBI family," said John Elisio, senior partner, The FBI Group. "As a small freight broker, they've built a track record for personal attention, strong professional connections, and innovative approaches to moving freight by any mode, anywhere in the world. We're looking forward to introducing their customers to our expanded portfolio of services."
New president at CVSA
GREENBELT, MD - Captain Christopher Turner of the Kansas Highway Patrol has been named the new president of the Commercial Vehicle Safety Alliance, which has made several changes to its leadership team. Sean Mustatia of the Saskatchewan Ministry of Highways and Infrastructure will serve as vice president of Region 5, which includes Canada.
Battery-powered bot keeps it clean
ATLANTA, GA -- Bitimec has unveiled a new Wash Bot that relies solely on battery power and operates like a portable car wash -- but for your truck and trailer. While the Wash Bot 626 EZ, is quite large, it can be guided around a trailer with the push of a button, applying soap and water as it goes.
