Scotlynn partners with KRTS, provides late model training truck

2014-01-24

CALEDONIA, Ont. -- Scotlynn Commodities has provided KRTS Transportation Specialists with a late model Peterbilt tractor and reefer trailer to be used to train the next generation of professional drivers.

The carrier was the first to be named a KRTS Preferred Partner, according to the company.

“The Scotlynn team believes that supplying state of the art equipment for KRTS students to be educated on will help lead them to Scotlynn upon graduation,” KRTS announced in a release. “Scotlynn staff also visit the KRTS campus to meet new students and discuss the opportunities available at the long-haul carrier. Once a month, KRTS students tour the beautiful Scotlynn facility in Vittoria and meet some of the other members of their team.”

KRTS also has been charged with the training of Scotlynn’s driver trainers.

Scotlynn hopes to mould some of these new professional drivers into owner/operators, by assisting with the financing of their trucks. Scotlynn has an on-site Peterbilt dealership to expedite the service and parts supply for the O/O, reducing downtime.

Next, Scotlynn plans to develop an apprenticeship program for new hires.

“Scotlynn is in our neck of the woods, and we have known about them for years, but we had never had the opportunity to do business with them. I was very surprised by the synergy between our companies – once we sat down together, it did not take long to come up with a plan,” said KRTS president Kim Richardson.

“We have been very pleased to join in this partnership with KRTS,” added Scotlynn president Scott Biddle. “With their excellent reputation, we knew we would have the opportunity to hire some of the best trained drivers around. Supplying equipment for them to use was an easy decision for us, considering the return we stand to gain on the investment.”

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US Imports by Rail From NAFTA Partners Nearly Double Value of Exports

JOC Staff | Apr 01, 2013 4:03PM EDT

U.S. cross-border trade by rail with Canada and Mexico

The U.S. is exporting a little over half of what it imports by rail from North American Free Trade Agreement partners Mexico and Canada, according to data from the Bureau of Transportation Statistics.

The value of U.S. rail exports to the rest of NAFTA inched down 1 percent year-over-year and 3.8 percent month-to-month to $4.52 billion in January 2013. In 2012 rail export value soared 11.5 percent over 2011.

The value of U.S. imports by rail from its NAFTA partners in January increased 8.2 percent year-over-year to $8.39 billion; this was down 6.9 percent from the level seen in December 2012. In 2012 rail import value was up 9.7 percent from 2011.

The value of imports by truck grew 1.6 percent in January over the year before to $25.68 billion, which was 10.5 percent than the value imported in December 2012. The value of imports by truck rose just over 6 percent year-over-year in 2012.

U.S. exports by truck rose 4.3 percent in terms of value to $28 billion, up from $26.87 billion in January 2012. The value of exports by truck was also up 13 percent over the level seen in December 2012. The value for the entire year was up 6.4 percent over the level seen in 2011.

BTS noted: “In 2012, 86.5 percent of U.S. merchandise trade by value with Canada and Mexico entered or exited the country by the surface mode of transportation.”

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Aero Auctions partners with Money in Motion for financing

BARRIE, Ont. -- Aero Auctions has announced a new partnership with Money in Motion, to provide lease-to-own, sale leaseback, lease lines of credit and other financial services.

The heavy equipment auction house says the new partnership allows it to provide tailored financial solutions to its customers.

“Our customers now have the ability to purchase any type of equipment within a financial program designed specifically to meet individual needs,” said Mike Duns, president of Aero Auctions Sales. “With easy to obtain pre-approvals, our customers now have the distinct advantage of being able to bid comfortably on auction items knowing they have the available financial resources to complete the transaction.”

Money in Motion boasts annual leasing volumes in excess of $100 million. The company has offices throughout Ontario as well as in Montreal, Winnipeg, Edmonton and Buffalo, N.Y.

Aero says it has its sights on expanding across Canada and into the US.

For more information, visit www.aeroauctions.ca or call 866 375-6109.

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COMPETITION WATCH: Bison, TransX listed among P&G's top business partners

CINCINNATI, Ohio -- A pair of Canadian trucking companies have been recognized by Procter and Gamble as among its top performing external business partners. Bison Transport and TransX were listed among P&G's top supplier and agency partners during an awards ceremony last week. The objective of the annual event is to recognize and celebrate those key contributors who have demonstrated partner excellence.

"We have tremendous partnerships with our external business partners around the world," said Bob McDonald, P&G's chairman, president and CEO. "These partnerships are powerful because they are focused on a common purpose - to touch and improve people's everyday lives."

Bison and TransX were selected from P&G's more than 75,000 suppliers and agencies globally.

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Capital Partners acquires tarping systems manufacturer Roll-Rite

ALGER, Mich. -- Automated tarping systems manufacturer Roll-Rite has been acquired by Capital Partners, a private investment firm located in Greenwich, Conn., in conjunction with minority partners Argosy Capital and management.

Capital Partners purchased Roll-Rite from Copeley Capital out of Charlotte, NC. Cleary Gull acted as exclusive financial advisor to Roll-Rite in the transaction. Purchase price was not disclosed.

"This is the classic win-win scenario," said Brad Templeman, CEO of Roll-Rite. "Roll-Rite has enjoyed a very successful growth initiative, even in a lean economy, by developing innovative, market-driven products and through expansion into new domestic as well as international markets. Capital Partners brings to us a proven track record of providing a strong balance sheet to support growth, and assisting companies to get to the next level."

"The addition of Roll-Rite to our portfolio is a very exciting prospect," said Mark D. Allsteadt, managing director of Capital Partners. "We have a strong interest in the manufacturing sector, and look for small to mid-sized innovative companies with unique technologies - companies like Roll-Rite - that also share our key philosophies of lean enterprise and action-based planning disciplines. Capital Partners believes in being patient and disciplined investors who support exceptional management teams as they develop their business. We look forward to working with Roll-Rite as they expand into more new markets and reach out to new customers."

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