This week in Diesel News we have stories about Toll in Tasmania, Volkswagen/Navistar and Volvo/Supertruck. Volkswagen Truck & Bus has said it will buy a 16.6 per cent stake in Navistar at a cost of US$15.76 a share. This equates to US$256 million to help the liquidity issues of Navistar and its US$5 billion debt.
The deal includes a joint procurement agreement with Navistar being included in Volkswagen’s truck parts buying network. Together as a VW/Navistar group, the increased buying power should be able to reduce the cost of procurement.
Navistar, based in Chicago, build and sell the International brand of trucks, due to be reintroduced at a yet to be decided date, probably early next year. The company has recovered from an even more dire financial situation a few years back to become a target for a cashed up Volkswagen looking to enter the North American truck market.
Not only would such a deal give VW a foothold in the US to go with its position around the world with Scania and MAN, but it may also put pressure on Cummins, who have become a major engine supplier to International.
Toll Tasmania has been announced as the winner in the Australian Freight Industry Award’s first Transport and Logistics Waste Award category for its innovative new multimodal Scrap Box container design. This design provides a sustainable solution to reduce supply chain waste in the scrap metal recycling industry.
The multi-purpose Scrap Box design creates greater sea freight transport capacity for all industries shipping cargo across the Bass Strait. The previous container design was only suitable for scrap metal transportation, but the new design caters to general freight and has eliminated 2,500 empty containers per year for Toll Shipping.
The higher-capacity container design now allows up to 40 per cent more scrap metal freight to be transported, at no extra cost to the customer. A new removable lid incorporated in the design allows containers to be stacked to create further capacity on the ship.
“Toll Tasmania worked with customers and industry experts to engineer the Scrap Box. I would like to thank Freightquip, One Stop Metal Recycling Tasmania and OneSteel Laverton for their input and collaboration,” said Steve Borg, Toll Tasmania General Manager.
Meanwhile, back across in the US, Volvo Group has outlined how it plans to use $20 million in US Government funding to further the freight-moving efficiency of heavy-duty trucks as part of the SuperTruck II initiative.
Volvo said its team of researchers and engineers will use alternative engine designs and an integrated system approach to build a lightweight semi trailer concept to exceed the freight efficiency goal of 100 per cent improvement on a tonne km/litre basis compared to a 2009 baseline.
The plan also aims to achieve a powertrain capable of 55 per cent brake thermal efficiency. Volvo and its partners will be expected to match the development funds dollar-for-dollar.