• Truck Parts Distributor Transaxle to Shut Down

    Truck Parts Distributor Transaxle to Shut Down

    Transaxle, a truck parts distributor with operations across 11 states, is closing down and laying off over 200 employees, as stated in a Worker Adjustment and Retraining Notification to the Pennsylvania Department of Labor & Industry. The company has struggled to find a buyer, leading to the decisio...

  • Perspective: Mission Impossible for New CSA Changes?

    Perspective: Mission Impossible for New CSA Changes?

    The Federal Motor Carrier Safety Administration (FMCSA) is making modifications to the Compliance Safety Accountability (CSA) Safety Measurement System (SMS) after extensive discussions about its effectiveness in identifying unsafe carriers. Changes focus on simplifying violation severity weights, r...

  • Nippon Wins Conditional Approval to Buy US Steel

    Nippon Wins Conditional Approval to Buy US Steel

    Nippon Steel Corp. has received conditional approval to acquire United States Steel Corp. for $14.1 billion, a deal that will establish one of the largest steel companies globally. To facilitate the approval process, the two companies have agreed to a national security framework set by the previous ...

  • Eaton Agrees to Buy Defense Group Ultra PCS for $1.6 Billion

    Eaton Agrees to Buy Defense Group Ultra PCS for $1.6 Billion

    Eaton Corp. has announced its agreement to acquire Ultra Precision Control Systems, a company specializing in defense and aerospace systems, from Advent for $1.55 billion. This strategic move aims to enhance Eaton's portfolio in both military and civilian aircraft sectors. Ultra PCS is known for its...

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