Transport Topics
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The University of Central Arkansas received a $3 million award to create an endowed faculty position that will focus on the trucking industry, the Associated Press reported.
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The Federal Trade Commission approved an application from ZF Friedrichshafen AG and TRW Automotive Holdings Corp. to sell TRW's North American and European linkage and suspension business for heavy and light vehicles to the Tokyo-based global machine component manufacturer THK Co. Ltd.
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Element Financial Corp. announced that it has completed the purchase of GE Capital's fleet-management business in the United States and expects to close the purchase of similar operations in Mexico, Australia and New Zealand on Sept. 30.
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Westport Innovations Inc. and Fuel Systems Solutions Inc., suppliers of technology for natural gas-powered trucks, agreed on a merger valued at $351 million to capitalize on opportunities when alternative fuel markets improve.
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