Private equity giant The Carlyle Group is no longer the owner of car hauler United Road as a debt restructuring has led to new equity.
Major auto hauler United Road saw its already-low debt rating affirmed, but the outlook was cut to negative as it continues to generate negative free cash flow.
El transportista de automóviles se diversifica hacia los vehículos usados para compensar los menores envíos de OEM
The pandemic and the supply chain crisis was a one-two punch for United Road Services, the car hauler that moves 4 million vehicles a year.
In today’s edition of The Daily Dash, tightness in the reefer market could drive up the price of COVID vaccine distribution. Plus, a charity group is helping truckers in need this year, and investment firms are buying into digital freight brokerage.
Mining big data to discover problems before they lead to breakdowns is comparatively new in commercial trucking. Heavy hauler United Road tested the service from Uptake. After a 400% return on investment, it is expanding predictive maintenance to more of its fleet.
United Road, which moves about 4 million new and used cars and light trucks a year, is expanding into Class 8 truck and equipment hauling with its acquisition of specialty hauler Team Drive-Away.
