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Genuine Parts Company Announces Two Acquisitions PDF Print Email
Friday, June 24, 2016 08:47 AM

Genuine Parts Company Announces Two Acquisitions – Including Canadian Import Part Distributor with 20 Locations

ATLANTA — Genuine Parts Company (NYSE: GPC) announced June 21 that it has entered into two definitive agreements. The company has entered into definitive agreements to acquire Auto-Camping, Ltd. and select assets within the Janitorial and Sanitation ("Jan/San") business of Rochester Midland Corporation

Auto-Camping, with 20 locations across Canada, is a distributor of original equipment import parts in Canada.  Auto-Camping specializes in original equipment automotive parts for European vehicles and sells to foreign repair specialists as well as original equipment dealers. The addition of Auto-Camping is expected to generate annual revenues of approximately $50 million (USD).

The Jan/San business supplies a variety of Janitorial and Sanitation accessories to more than 400 distributors primarily in North America. The Company plans to integrate this business into the Impact Products division of S.P. Richards and its growing Facilities and Breakroom Supplies product offering.  This business is expected to generate incremental annual revenues of approximately $20 million.

 
EPA: $1 Million Available for Tribes to Clean Up Diesel Engines PDF Print Email
Friday, June 24, 2016 08:30 AM

EPA: $1 Million Available for Tribes to Clean Up Diesel Engines

 (Washington) – The U.S. Environmental Protection Agency today announced the availability of $1 million in grant funding for tribal applicants to establish clean diesel projects. Under this grant competition, applicants may request up to $800,000 in federal funding. 

 

 

 

 

 

This competition is part of the Diesel Emission Reduction (DERA) program, which funds projects to clean up the nation’s legacy fleet of diesel engines. Older diesel engines emit air pollutants such as nitrogen oxides and particulate matter.  These pollutants are linked to a range of serious health problems including asthma, lung and heart disease, other respiratory ailments, and premature death. 

The Tribal Clean Diesel Funding Assistance Program gives priority to projects which achieve significant reductions in diesel emissions and exposure in areas designated as having poor air quality and areas which receive a disproportionate quantity of air pollution from diesel fleets.  Further, priority for funding may be given to projects which address the needs and concerns of local communities, those that use partnerships to leverage additional resources and expertise to advance the goals of the project, and those which can demonstrate the ability to promote and continue efforts to reduce emissions after the project has ended.

For more information on the Tribal Request for Proposals and related documents, visit epa.gov/cleandiesel/clean-diesel-tribal-grants

 
Buyer Beware: Used car Market Could Get Flooded with Salvaged Vehicles PDF Print Email
Friday, June 24, 2016 08:07 AM

Buyer Beware: Used car Market Could Get Flooded with Salvaged Vehicles

If you are in the auto repair or parts business people do single you out for advice. Sometimes your loyal customers value your professional opinion so highly, they may bring vehicles to you for evaluation. Other times you might just want to help someone even a stranger make a terrible car or truck buying decision. Keep the following tips from VehicleHistory.com.

Extreme weather this spring has left tens of thousands of vehicles scrapped due to flood damage. In Houston, as many as 40,000 vehicles were reported lost due to flood damage. In early June 11 counties in Texas were declared a disaster area due to flooding. Similar flooding has spanned the country from Virginia to Washington.

Meanwhile, the used car market, which could see as many as a record-breaking 40 million cars sold this year, more than double the new car segment, continues to grow.

"The combination of a growing used car market and the potential of a surge in salvaged vehicles in the hands of unscrupulous sellers could leave consumers ripped off," said Scott Burgess, analyst at VehicleHistory.com. "It's essential that every consumer know their car's history before they buy it, not after."

Vehicles get scrapped for a number of reasons ranging from an accident to vandalism. Most states consider salvaged vehicles roadworthy after it passes a safety inspection and issues a Salvage Rebuilt title. They come with a low price tag compared to similar vehicles. While they can potentially be an inexpensive purchase, many have become notorious for continual problems.

"Flood damaged cars may not show exterior signs of damage but they often come with a plague of problems ranging from electrical issues to parts seizing under stress," Burgess said. "Because consumers can now search the globe for the perfect vehicle, they run a greater risk of being lured into a deal that could devastate them and their family."

VehicleHistory.com offers a free service to examine a car's history and see if a car has ever been issued a salvage title.

Spotting Flood Damage

  • Look for rust in odd places; under the floor mats or in the trunk.
  • If a price for one vehicle is extremely low, ask why?
  • Look for a mildew smell in the interior, under the carpet.
  • Use VehicleHistory.com's free service to check if the vehicle has been salvaged.
  • If buying a salvaged vehicle, have it thoroughly inspected before buying it.

VehicleHistory.com is a data driven website dedicated to helping consumers with free information in the used car market.

 
ATA Truck Tonnage Index Increased 2.7% in May PDF Print Email
Friday, June 24, 2016 07:55 AM

ATA Truck Tonnage Index Increased 2.7% in May 

ARLINGTON, VA –  American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.7% in May, following a revised 1.7% drop during April. In May, the index equaled 139 (2000=100), up from 135.3 in April. The all-time high was 144 in February. 

"Following two consecutive decreases totaling 6 percent, May was a nice increase in truck tonnage," said ATA Chief Economist Bob Costello. "Better consumer spending in April and May certainly helped, but economic growth remains mixed and I'd expect the recent choppy pattern in tonnage to continue for the next quarter or two.

"We recently received good news on the inventory cycle, with the total business inventory-to-sales ratio declining for the first time in nearly a year. While one month doesn't make a trend, this was good news for the trucking industry," he said.

Trucking serves as a barometer of the U.S. economy, representing 68.8% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled just under 10 billion tons of freight in 2014. Motor carriers collected $700.4 billion, or 80.3% of total revenue earned by all transport modes.

For more information visit trucking.org.

 
Carter Fuel Systems Introduces 13 New Part Numbers PDF Print Email
Friday, June 10, 2016 02:25 PM

Carter Fuel Systems Introduces 13 New Part Numbers

LOGANSPORT, IN – Carter Fuel Systems, a U.S.-based manufacturer of complete fuel system solutions, has announced the introduction of 13 new part numbers covering a series of model year applications ranging from 2001-14.

Extending coverage to reach 2.7 million additional passenger vehicles, the new part numbers include eight fuel pump module assemblies, three fuel tank sender assemblies, one fuel pump reservoir and one gasoline direct injection (GDI) mechanical fuel pump.

The new part numbers fit popular models such as the Chevrolet Equinox, GMC Terrain, Buick LaCrosse, Mazda CX-5, Chevrolet Silverado, GMC Sierra and Chevrolet Malibu.

Covering a variety of applications including domestic, import, diesel, marine and performance, Carter Fuel Systems has been supplying automotive aftermarket fuel systems for more than 100 years. Carter manufactures a broad line of fuel pumps and accessories, including first and second generation mechanical fuel pumps, electric fuel pumps and pump kits, module assemblies, original equipment (OE) replacement parts and supporting equipment.

For more information, visit carterfuelsystems.com.

 
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