Shipping giant Maersk is expecting elevated shipping rates to continue through the end of the year, according to a report from Reuters. Pandemic-related logjams and high demand are driving the high prices, the company said, as well record profits. Click here to read the full report.
Category: News
News and updates from the automotive aftermarket: performance, restyling, hot rods, and customization.
Toyota Unveils GR Cup Schedule
Sanctioned by SRO America, the new series will make stops at Circuit of the Americas, Sebring International Raceway and Indianapolis Motor Speedway…
Racing Returns to North Wilkesboro
Thanks to a state-backed, $18 million investment in the facility, North Wilkesboro recently hosted its first on-track action since 2011…
Shopmonkey Partners with Byrider
Shopmonkey, the creators of a cloud-based auto shop management platform, have formed a new partnership with used car dealership franchise, Byrider, the company announced. The franchise selected Shopmonkey as its newest technology partner. Through the partnership, Byrider dealerships will deploy Shopmonkey software in all 148-plus locations and will be used by more than 2,000 Byrider… Continue reading Shopmonkey Partners with Byrider
Torqued Distribution Opens Detroit Warehouse & Sales Office
Torqued Distribution has officially opened its all-new Detroit warehouse and National Sales office, the company announced. Headquartered in San Francisco, California, Torqued began by importing hard to find racing and performance brands from England and Europe. The first brand imported was Tillett Racing Seats, the company said. Today, Torqued maintains the U.S. Sole Distributor status… Continue reading Torqued Distribution Opens Detroit Warehouse & Sales Office
California Sheriff Raids Indiana Auto Shop Over Batmobile Replica
The San Mateo County, California Sheriff’s Office recently raided Fiberglass Freaks, a Logansport, Indiana, builder of licensed replica Batmobiles, over a business dispute, according to Motorious. Citing a report by ABC7 News Bay Area, a California real estate agent, Sam Anagnostou, was upset over the delayed delivery of a $210,000 replica 1966 Batmobile he ordered… Continue reading California Sheriff Raids Indiana Auto Shop Over Batmobile Replica
BorgWarner Acquires EV Charger Supplier
BorgWarner has acquired Rhombus Energy Solutions, the company announced. Headquartered in San Diego, California, Rhombus offers V2G and Underwriters Laboratory-certified charging. Rhombus supplies its patented technology to EV OEMs, including Proterra, and charging and grid service providers, the company said. The transaction has a value of up to $185 million, which is being funded primarily… Continue reading BorgWarner Acquires EV Charger Supplier
Meyer Distributing Adds Southwire Power Management Products to Line Card
Meyer Distributing has added Southwire Power Management extension cords and cable ties to its product line, the company announced. Southwire provides versatile solutions with the addition of 14/3, 12/3, 10/3 Lighted End Cords, 12/3 Three-Way Lighted Cords, and Southwire Cable Ties ranging from 4-inches to 30-inches. “We look forward to furthering our partnership with Meyer… Continue reading Meyer Distributing Adds Southwire Power Management Products to Line Card
EGR Introduces Authorized Internet Reseller Program
EGR will be introducing a new Authorized Internet Reseller Program to support the company’s Unilateral Minimum Advertised Price Policy (UMAP) policy, the company announced. The Authorized Internet Reseller Program and UMAP pricing policy will go into effect Sept. 1. Following implementation of the program, all internet resellers of EGR aftermarket products in the United States… Continue reading EGR Introduces Authorized Internet Reseller Program
Maxxsonics Directs Support to Fundraiser for Highland Park Shooting Victim
Maxxsonics is encouraging support for the Cooper Roberts Family Fundraiser, the company announced. Roberts, 8, was a victim of the July 4 shooting in Highland Park, Illinois, and is currently being treated for injuries sustained during the shooting. Maxxsonics, based in nearby Libertyville, Illinois, provided the following statement to direct attention to a GoFundMe effort… Continue reading Maxxsonics Directs Support to Fundraiser for Highland Park Shooting Victim
Hypertherm Associates to Exhibit at FABTECH 2022
Hypertherm Associates, a U.S. based manufacturer of industrial cutting products and software, is preparing to appear at the FABTECH 2022 fabricating, welding and finishing exhibition, the company announced. The company’s Hypertherm and OMAX technology brands will appear at Atlanta’s Georgia World Congress Center on Nov. 8-10. The Hypertherm and OMAX technology brands will exhibit from… Continue reading Hypertherm Associates to Exhibit at FABTECH 2022
Meyer Distributing Plans Calgary Cross-Dock
Meyer Distributing will open a new facility in Calgary, Alberta, Canada, the company announced. The cross-dock will have a direct, next-day feed from Meyer’s Hermiston, Oregon distribution hub. “We’re excited to expand our Canada operations,” says John Thompson, general manager of Meyer Distributing Canada. “We received phenomenal support for our entry into Ontario, and we… Continue reading Meyer Distributing Plans Calgary Cross-Dock
Stellantis Invests $99M in Engine Plants
Stellantis will invest a total of $99 million in three North American plants for production of a new four-cylinder turbocharged engine, the automaker announced. Investments will be made at the Dundee Engine Complex in Michigan, the Kokomo Casting Plant in Indiana and the Etobicoke Casting Plant in Toronto. The new engine is a 1.6-liter, I-4… Continue reading Stellantis Invests $99M in Engine Plants
NHTSA Opens Investigation into 2021 Bronco Engine Failures
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into reports of “catastrophic engine failures” in V6-powered variants of the 2021 Ford Bronco, Autoblog has reported. The issue could impact over 25,000 vehicles, the report said. The NHTSA met with Ford representatives and learned that the engine failure is due to a valve… Continue reading NHTSA Opens Investigation into 2021 Bronco Engine Failures
Valvoline Sells Products Business to Aramco
Valvoline has reached an agreement with Aramco to sell its global products business for $2.65 billion in cash, the company announced. “The sale of Global Products will represent the successful outcome of our strategy to unlock the full, long-term value of our strong but differentiated Retail Services and Global Products businesses,” said Sam Mitchell, Valvoline… Continue reading Valvoline Sells Products Business to Aramco