Industry News

Huntington Bancshares Incorporated (“Huntington”) (Nasdaq: HBAN; www.huntington.com), the parent company of The Huntington National Bank, and TCF Financial Corporation (“TCF”) (Nasdaq: TCF; www.tcfbank.com), the parent company of TCF National Bank, announced the signing of a definitive agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22…

This year’s Shine ‘n Star contest has even more chances to win. In addition to the first, second and third place winners in the light-, medium and heavy-duty categories, and grand prize, this year there’s a rotator category as well. Also, there are new Shout Out categories: Most visually appealing vinyl wrap Most visually appealing…

Police arrested a man Thursday, April 15, in Modesto, Calif., for alleged driving while intoxicated after he crashed his vehicle into a tow truck, seriously injuring the tow operator. According to the California Highway Patrol, operator Sammie Franks, 55, was driving a tow truck east on Highway 12 near the Camanche Reservoir at approximately 5:20…

Jerr-Dan, an Oshkosh Corporation company (NYSE: OSK), has added Truck Source of Perry, Oklahoma, as a distributor of its complete line of towing and recovery vehicles. Centrally located in Oklahoma, between Tulsa and Oklahoma City and with easy access to several interstate highways, Truck Source is a rapidly growing distributorship with deep roots in the…

The following is a Miller Industries press release: Miller Industries donated funds raised from their first two online “Brainstorming with the Pros” sessions with Tom Luciano to the International Towing Museum and Hall of Fame. Many businesses suffered significant loss of revenue during the pandemic crisis of 2020. This is especially true for the tourism…

The 2021 Survivor Fund Golf Classic was held Thursday, April 8, 2021, at the Celebration Golf Club in Kissimmee, Fla. Twenty-four teams of golfers made up of towing company owners and industry suppliers took to the links after a noon lunch and 1 p.m. shotgun start. Events included golfing contests and competitions, a happy hour/awards…

Isuzu North America Corporation and Gatik have agreed to collaborate on a project to develop and evaluate fully autonomous medium-duty trucks. Isuzu is a market leader in Low Cab Forward (LCF) trucks in the U.S. and Canadian markets. Gatik is the industry leader in automating on-road transportation networks for B2B middle-mile logistics. The collaboration will…

The Volvo Group and Isuzu Motors have completed the transaction whereby Isuzu Motors acquired UD Trucks from the Volvo Group for an enterprise value of JPY 243 billion (approximately SEK 19 billion) on a cash and debt free basis. The alliance within commercial vehicles between the two groups, aiming to capture opportunities in the ongoing…

Each year, the WTRAA (Women of the Towing and Recovery Association of America) Scholarship Fund, under the TRAA (Towing and Recovery Association of America) Education Foundation, Inc., awards scholarships to children and grandchildren of TRAA members to assist them in completing their education. The application for WTRAA’s 2021 scholarships is now available. Click here for…

A tow operator was struck by a vehicle Monday at approximately 6 p.m. as he loaded a disabled vehicle on the shoulder of I-70 in Callaway County, Mo. According to the Missouri State Highway Patrol, operator Ryan Brewer, 25, of Fulton was loading a vehicle near mile marker 151 when a driver traveled onto the…