ROUSH CleanTech hosted its third of three roadshows this week to showcase its new near-zero emissions, propane-powered school buses that are now available to school districts. Presentations were highlighted by a plan to increase the California Sales Tax.
The National Association for Pupil Transportation closed its annual conference in Kansas City with its 44th annual trade show on Tuesday.
HIGH POINT, N.C. — Just two months after orders officially opened for the revolutionary Detroit DD5 and DD8 engines, Thomas Built Buses has sold out of its 2018 allocation of the DD5 engine, company officials announced.
HIGH POINT, N.C. — Thomas Built Buses will sponsor Brad Keselowski as he drives the No. 2 Thomas Built Buses Ford Fusion in the First Data 500. The race will take place at Martinsville Speedway in Martinsville, Virginia, on October 28 at 2:30 p.m. This will mark Thomas Built Buses’ second appearance in a NASCAR race.
INDIANAPOLIS — Allison Transmission Holdings, Inc. (NYSE: ALSN) announced today that its board of directors has declared a cash dividend of $0.15 per share on the company’s common stock for the fourth quarter of 2018. Payment will be made on Nov. 30, to stockholders of record at the close of business on Nov. 19.
MACON, Ga. — Blue Bird Corp. (NASDAQ: BLBD) today announced the exercise of the company’s right to convert all outstanding shares of its 7.625 percent Convertible Cumulative Preferred Stock, Series A (“Series A Preferred Stock”) into shares of common stock, $0.0001 per share, of the company (“Common Stock”), subject to a beneficial ownership limitation. The limitation prohibits the company from effecting a conversion of Series A Preferred Stock to the extent that, after giving effect to such conversion, the holder of the Series A Preferred Stock would beneficially own in excess of 9.99 percent of the outstanding Common Stock (the “Beneficial Ownership Limitation”), unless such holder waives the limitation upon 65 days’ notice to the company.
Amid a growing school bus and truck driver shortage nationwide, transportation garages are also suffering from a lack of skilled workers. Navistar announced a new partnership that addresses the skilled worker issue.