Transport News

CHICAGO--(BUSINESS WIRE)--Red Arts Capital (“Red Arts”), a leading investment firm specializing in supply chain-related and logistics businesses, today announced the appointment of Ryan Grand as Head of Business Development. Mr. Grand will lead the deal sourcing function at the firm and build upon existing relationships with key intermediaries, executives, and stakeholders in the M&A ecosystem. “We are excited to welcome Ryan to the Red Arts team. His extensive private equity expertise and...

LOS ALTOS, Calif.--(BUSINESS WIRE)--To support Sustainable Aviation Fuel (SAF) production goals and increase feedstock availability, Universal Fuel Technologies (Unifuel) has completed a successful five-month pilot project. The campaign demonstrated the effectiveness and viability of the company’s Flexiforming technology in producing SAF that is chemically comparable to conventional jet fuel from various renewable feedstocks. The project was conducted at the facilities of RPD Technologies in Cr...

DUBLIN--(BUSINESS WIRE)--Avolon Holdings Limited (“Avolon”), a leading global aviation finance company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$850 million of 5.375% senior unsecured notes due 2030 (the “Notes”). The Notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries. The Offering is expected to close on or about 27 March 2025...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one A321neo to Wizz Air. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the first aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Wizz Air. “ACG is delighted to deliver this A321neo aircraft to Wizz Air. This is the beginning of our partnership with...

ISTANBUL--(BUSINESS WIRE)--Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced an amendment to extend its share repurchase program. The Company’s Board of Directors (the “Board”) authorized a six month extension to its share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares until October 9, 2025. The share repurchase program was originally initiated on...

SAN FRANCISCO--(BUSINESS WIRE)--Motive, the AI Platform for Physical Operations, today announced it has been named to G2’s 2025 Best Software Awards, placing #1 on the Best Supply Chain and Logistics Products list, and landing at #4 for Best Software Products. As the world’s largest and most trusted software marketplace, G2 reaches 100 million buyers annually. Its annual Best Software Awards rank the world’s best software companies and products based on authentic, timely reviews from real users...

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of ASC Warehouse to Private Investors. The acquisition closed March 7, 2025. Located in Bluffdale, Utah, ASC Warehouse is a trusted supplier of high-quality new, remanufactured, and used diesel engine parts for a wide range of industries, including transportation, construction, and agriculture. With a focus on affordability and reliability,...

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea. The Johan Sverdrup field, which originally began production in 2019, is now one of the largest developments in the region. This latest phase will increase production by tying in additional wells to the current infrastructure, which is powered...

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) today announced fourth quarter and full year 2024 financial results through a Form 10-K furnished with the Securities and Exchange Commission (SEC). The Form 10-K can be found at https://ir.flyexclusive.com/sec-filings or at www.sec.gov. Management will host a conference call today at 5:00pm ET to discuss these results. Interested parties can access the conference call by dialing 877-404-1250 or +1 215-268-9892 and referenc...

OMAHA, Neb.--(BUSINESS WIRE)--(BRK.A; BRK.B) – Berkshire Hathaway Inc. is pleased to announce that an employee of FlightSafety International Inc. is the winner of Berkshire’s 2025 Bracket Contest. The contest winner will be receiving the winning prize of $1,000,000 as a result of correctly picking the winners of 31 out of 32 games of the NCAA Men’s Basketball Tournament that were completed last Thursday and Friday. The winner of the contest along with eleven other Berkshire subsidiary employee...