Latest news with #Class8
Business Wire
31-07-2025
- Business
- Business Wire
The Treetop Companies Acquires Chicago Commerce Center I-57
MATTESON, Ill.--(BUSINESS WIRE)--The Treetop Companies is pleased to announce the acquisition of the Chicago Commerce Center I-57, a 388,578-square-foot, 100% leased multi-tenant industrial facility located at 21800 S. Cicero Avenue in Matteson, Illinois. The property was sold by Reich Brothers, a real estate investment and asset management firm known for repositioning underutilized industrial assets across the country. Strategically positioned just minutes from the I-57 interchange and 30 miles south of downtown Chicago, the Chicago Commerce Center I-57 provides immediate access to one of the most robust logistics and manufacturing corridors in the nation. The facility sits on 21 acres and offers valuable features including excess trailer parking, a recently approved 12-year Cook County Class 8 tax incentive, and a diversified rent roll. "The Chicago Commerce Center aligns perfectly with our strategy of targeting functional, well-located industrial assets that offer near-term yield growth and long-term value creation,' said Azi Mandel, Principal at The Treetop Companies. 'This property checks all the boxes—stable in-place income, upside potential through re-leasing, and a deep tenant base benefiting from one of the tightest industrial submarkets in the region.' The property is fully leased to four tenants: Kloeckner Metals, Morgan Li, AIM Fiber Products, and Wind Creek IL LLC. The average suite size of approximately 96,000 square feet ensures diversified tenancy while limiting exposure to any single industry. "This acquisition reflects our continued confidence in infill, functional industrial Class B product in supply-constrained markets,' said Adam Mermelstein, Principal at The Treetop Companies. 'While many institutional players are focused on trophy Class A portfolios, we thrive in the niche of aggregating high-quality, standalone assets one deal at a time. Chicago's South Suburbs offered a compelling opportunity to do just that.' With this purchase, Treetop's national industrial footprint now totals close to 6 million square feet, underscoring the firm's ability to source and close off-market, competitively priced transactions as part of its aggressive yet disciplined expansion strategy in key logistics markets across the country. JLL's Sean Devaney and Ross Bratcher brokered the transaction, while Jim Cadranell and Max Custer arranged the acquisition financing. The Treetop Companies was represented by Corey Tarzik of Blank Rome LLP. About The Treetop Companies The Treetop Companies is a privately held real estate investment firm focused on the acquisition, repositioning, and operation of commercial real estate assets across the United States. With a hands-on ownership approach and a strong capital base, Treetop targets value-driven investments across asset classes, with a particular expertise in industrial real estate.
Yahoo
29-07-2025
- Automotive
- Yahoo
10 notable factory cancellations or openings in 2025
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Major U.S. manufacturing construction projects are in flux this year. In the first quarter of 2025 alone, 16 clean energy and electric vehicle manufacturing projects worth $8 billion were canceled, according to environmental group E2. In May, that total grew to $15.5 billion and the loss of 12,000 potential jobs. The Trump administration has stated it wants to pause the disbursement of grants, loans and tax credits for clean energy projects and shift support to fossil fuels and nuclear power. To this end, the president's recently passed tax law restricts clean energy credits offered by the Inflation Reduction Act. Amidst the news of new initiatives being canceled, existing projects at further stages are continuing to completion, expansion and launch. Here are some of the biggest highlights of manufacturing investments that were announced or put on hold so far in 2025. AESC The EV battery cell maker has paused the construction of its $1.6 billion plant in South Carolina. The construction began in 2023 but has now been put on hold due to changes in policy and the resulting market uncertainty, according to a company statement. AESC said it 'fully intends to meet our commitments' and specified that the project hasn't been canceled. However, no timeline or future plans were revealed. Bosch Bosch has halted plans to build a $200 million hydrogen fuel cell production facility in South Carolina. Originally slated for completion by 2026, the project aimed to produce fuel cells for Class 8 trucks and was expected to generate over 350 jobs. The company attributed this suspension to 'significant changes' in the industry and said it would 'continue to re-evaluate the investment for local fuel cell manufacturing when regional market demand increases.' Ford and SK On BlueOval SK Battery, a joint venture between Ford Motor Co. and SK On, is preparing to begin production in 2025. The $11 billion EV battery production project will construct facilities in Kentucky and Tennessee. The project received a $9.6 billion U.S. Department of Energy loan late last year, in addition to a $500 million grant from the state of Tennessee. Freyr Battery/T1 Energy Freyr, now rebranded as T1 Energy, canceled plans to build a $2.5 billion battery cell manufacturing plant in Georgia. The facility was slated to have created 700-plus jobs. The company has now shifted its focus to solar cell manufacturing after acquiring Trina Solar's 5-gigawatt solar module manufacturing facility and moving its global headquarters closer to this site. In addition, T1 has announced a new 5-GW solar cell manufacturing facility that's expected to begin construction in 2025 and production in the first half of 2026. The project is said to create up to 1,800 jobs with an investment of $850 million. Hyundai In March, Hyundai officially opened an electric and hybrid vehicle production facility in Georgia. With a $12.6 billion initial investment and commitment of an additional $21 billion investment from 2025 to 2028, it marks the largest economic investment project in the state's history. Hyundai announced that the facility has a production capacity of 500,000 vehicles annually and would create 8,500 jobs by 2031. Intel Intel has delayed the construction of its $28 billion Ohio One semiconductor production campus, which consists of two plants. The company received $1.5 billion in CHIPS funding for the project, which is expected to create 10,000 jobs. The campus was supposed to be ready by the end of 2026, but the timeline has now been pushed back to 2030 and 2031 for the two plants, respectively. JetZero The aircraft maker is planning to build a $4.7 billion plant in North Carolina. The company aims to begin construction next year, and the first commercial aircraft is expected to be ready by the end of the decade. The project is expected to create 14,500 jobs, which is the highest number in the state's history. Kore Power The company is no longer moving forward with a previously announced $1.2 billion battery cell plant in Arizona. The plant was expected to begin production this year, but now the site has been listed for sale and the founder and CEO has stepped down. The project was expected to have 6 GWh of initial capacity, eventually rising to 12 GWh, and create 3,000 jobs. However, the company claims it never received funds from an $850 million conditional DOE loan. Texas Instruments The semiconductor manufacturer has announced a $60 billion investment in seven fabrication plants across Texas and Utah. One of the Texas sites has received $40 billion for four fabs one of which is slated to begin production this year. Once ready, all the fabs combined are expected to produce hundreds of millions of chips daily for leading companies like Apple, Ford and Nvidia. The overall project is also slated to create 60,000 new jobs. TSMC Late last year, TSMC began high-volume semiconductor production at its first Arizona fab. This year, the company finished construction of the second fab and is expected to begin operations by 2028. Work has also begun on the third fab, which is slated to be ready by 2030. The company also announced an additional $100 billion investment with 'three new fabrication plants, two advanced packaging facilities, and a major R&D team center.' This brings the company's total planned investment in the region to $165 billion so far. All of these projects combined are expected to create 40,000 construction jobs, with many more tech roles in the future. Recommended Reading Major factory construction projects to watch in 2025
Yahoo
10-07-2025
- Automotive
- Yahoo
ArcBest touts results from EV semi pilot
Transportation and logistics company ArcBest announced Wednesday the successful completion of a pilot using an electric Class 8 truck in over-the-road operations. The company concluded the unit's 'performance generally matched its diesel counterparts' during the long-range evaluation. The three-week test was conducted through its less-than-truckload subsidiary, ABF Freight, using a Tesla (NASDAQ: TSLA) semi on routes between ABF terminals in Reno, Nevada, and Sacramento, California. The truck averaged 321 miles per day (4,494 miles in total) with a 1.55 kilowatt-hour usage per mile across a variety of routes, including a 7,200-foot climb over Donner Pass in Northern California. 'We're not looking for a truck that performs well 'for an EV.' It must meet or exceed the performance and total cost of ownership targets of our most efficient diesel units,' said ABF Freight President Matt Godfrey in a news release. 'This pilot gives us great insight into the potential of EV semis in our operations.' The company pointed to limitations for broader application of electric trucks, citing a 'need for continued development of charging infrastructure to support broader deployment across longer routes.' ArcBest (NASDAQ: ARCB) said it has also been testing electric versions of yard tractors, forklifts and Class 6 straight trucks. 'While the path to decarbonization presents complex challenges — such as infrastructure needs and alternative fuel development — it also opens the door to innovation,' said Dennis Anderson, ArcBest's chief innovation officer. 'Vehicles like the Tesla Semi highlight the progress being made and expand the boundaries of what's possible as we work toward a more sustainable future for freight.' Tesla has targeted volume production of its semi for next year. More FreightWaves articles by Todd Maiden: Yellow Corp. selling 4 terminals for $4M Cold storage provider Lineage announces expansion in Canada Cass Freight Index: Shipments down, rates up in May The post ArcBest touts results from EV semi pilot appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
30-06-2025
- Business
- Yahoo
The 5 Most Interesting Analyst Questions From Rush Enterprises's Q1 Earnings Call
Rush Enterprises began 2025 with a quarter that saw revenue and adjusted earnings per share come in above Wall Street expectations, even as overall sales declined slightly year over year. Management attributed this relative outperformance to strong results in vocational and public sector truck sales, which helped offset weaker demand in the core Class 8 segment impacted by the ongoing freight recession. CEO Rusty Rush described the operating environment as "difficult to say the least," emphasizing the company's diversified customer base and strategic initiatives as key factors supporting performance despite soft industry conditions and persistent uncertainty around tariffs and emissions regulations. Is now the time to buy RUSHA? Find out in our full research report (it's free). Revenue: $1.85 billion vs analyst estimates of $1.83 billion (1.1% year-on-year decline, 1.4% beat) Adjusted EPS: $0.73 vs analyst estimates of $0.72 (1.4% beat) Adjusted EBITDA: $147 million vs analyst estimates of $146.4 million (7.9% margin, in line) Operating Margin: 5%, in line with the same quarter last year Market Capitalization: $4.06 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Daniel Imbro (Stephens) asked about new unit sales trends and customer purchasing behavior through the quarter. CEO Rusty Rush explained that demand was shaped by ongoing uncertainty, with some customers pausing purchases due to tariff and emissions regulation changes. Daniel Imbro (Stephens) followed up on the softness in parts and service revenues, asking if management expected a return to year-over-year growth. Rush clarified that he anticipated only sequential improvement, citing choppy demand and weather impacts early in the quarter. Andrew Obin (Bank of America) questioned the outlook for second quarter Class 8 and parts/service sales. Rush indicated slight sequential improvements but stressed the difficulty of forecasting due to volatile policy and market conditions. Andrew Obin (Bank of America) inquired about cost management and whether expense levels could return to pre-inflation baselines. Rush responded that inflationary pressures have made returning to earlier cost structures unrealistic, but ongoing expense discipline remains a priority. Avi Jaroslawicz (UBS) probed whether customer hesitancy was driven more by macroeconomic uncertainty or pricing. Rush responded that both factors play a role, with customers needing confidence in their own businesses before committing to purchases, compounded by unpredictable pricing from potential regulatory changes. In the coming quarters, our team will be monitoring (1) developments in U.S. trade policy and emissions regulations, which could rapidly alter truck pricing and customer demand; (2) the pace of recovery in aftermarket parts and service sales, particularly as weather patterns and miles driven normalize; and (3) the ability of Rush Enterprises to sustain market share gains in vocational and public sector segments. Continued expense discipline and operational flexibility will also be important measures of execution. Rush Enterprises currently trades at $51.74, up from $51.01 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Yahoo
16-05-2025
- Business
- Yahoo
ALSN Q1 Earnings Call: Margin Expansion and International Defense Win Offset Revenue Miss
Transmission provider Allison Transmission (NYSE:ALSN) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 2.9% year on year to $766 million. On the other hand, the company's full-year revenue guidance of $3.25 billion at the midpoint came in 2% above analysts' estimates. Its non-GAAP profit of $2.32 per share was 17.2% above analysts' consensus estimates. Is now the time to buy ALSN? Find out in our full research report (it's free). Revenue: $766 million vs analyst estimates of $790.9 million (2.9% year-on-year decline, 3.2% miss) Adjusted EPS: $2.32 vs analyst estimates of $1.98 (17.2% beat) Adjusted EBITDA: $287 million vs analyst estimates of $282.3 million (37.5% margin, 1.7% beat) The company reconfirmed its revenue guidance for the full year of $3.25 billion at the midpoint EBITDA guidance for the full year is $1.2 billion at the midpoint, above analyst estimates of $1.15 billion Operating Margin: 32.5%, up from 29.7% in the same quarter last year Free Cash Flow Margin: 20.2%, similar to the same quarter last year Market Capitalization: $8.86 billion Allison Transmission's first quarter results reflected a mixed backdrop, with management citing higher pricing, continued demand for Class 8 vocational trucks, and a notable increase in defense market sales as key drivers. CEO David Graziosi pointed to the successful launch of the 3040 MX transmission for India's Future Infantry Combat Vehicle program and highlighted investments in capacity that have positioned Allison to meet stable demand despite weakness in medium-duty trucks. Gross margin gains were attributed to both price realization and the absence of prior-year labor incentives. Looking forward, management reaffirmed its full-year revenue guidance, which is above consensus estimates, and expects continued momentum from pricing, operational efficiency, and defense contracts. Graziosi addressed potential headwinds from tariffs and regulatory uncertainty, noting Allison's minimal sourcing from China and the ability to pass through most material cost changes. CFO Scott Mell emphasized a focus on capital allocation, including share repurchases and organic growth initiatives, while remaining open to strategic M&A opportunities. Management attributed the Q1 revenue decline to softness in medium-duty trucks and a dip in service parts, while growth in Class 8 vocational and defense markets, as well as successful price increases, supported margins and profitability. New CFO Appointment: Allison welcomed Scott Mell as Chief Financial Officer, bringing nearly 30 years of financial leadership experience and signaling a continued focus on disciplined capital management. International Defense Contract Win: Allison's 3040 MX transmission was selected by all OEMs for India's Future Infantry Combat Vehicle prototype, positioning the company for multi-year revenue in global defense and validating its product reliability. North America Vocational Demand: CEO Graziosi described ongoing stability in Class 8 vocational trucks, supported by municipal fleet purchasing, offsetting weakness in medium-duty markets and supporting price increases. Supply Chain Localization: Management emphasized Allison's minimal exposure to Chinese components and reliance on North American suppliers, helping mitigate trade and tariff uncertainties, and enabling effective cost pass-through with customers. Expansion of Global Service Network: The company expanded service partnerships in Japan and West Africa, aligning with rising international interest in fully automatic transmissions and improving aftermarket support. Management's outlook centers on pricing discipline, growth in defense and vocational markets, and continued operational efficiency to support margins while navigating trade and regulatory uncertainty. Pricing and Cost Pass-Through: Higher pricing and contractual material cost pass-throughs are expected to support margins, even if end-market demand remains mixed. Defense and International Growth: Multi-year defense contracts, particularly the Indian FICV program, are anticipated to provide incremental revenue and diversify Allison's end-market exposure. Tariff and Regulatory Risk Management: Management highlighted ongoing monitoring of potential tariff changes and emissions regulations, noting a flexible manufacturing footprint and product lineup designed to adapt quickly to evolving requirements. Kyle Menges (Citigroup): Asked about drivers behind margin expansion despite parts business softness; management cited price realization and lower labor-related costs from last year. Isaac Chausen (Oppenheimer): Sought insight on vocational demand strength; Graziosi pointed to municipal sales and stable Class 8 markets as key sources of resilience. Tim Thein (Raymond James): Inquired about capital allocation and potential for M&A management reiterated a balanced approach focused on organic growth, dividends, and opportunistic acquisitions. Rob Wertheimer (Melius): Asked about supply chain positioning amid trade policy changes; management highlighted high North American content and flexibility in sourcing to manage tariffs. Tami Zakaria (JPMorgan): Questioned the sustainability of recent pricing gains; management expects mid-single-digit price increases to persist through the year. Looking ahead, the StockStory team will be watching (1) execution of the Indian FICV defense contract and associated international revenues, (2) stabilization or recovery in medium-duty truck demand and aftermarket parts sales, and (3) Allison's ability to maintain margin discipline through ongoing price realization and cost management. The progression of U.S. trade and emissions policy, and any related supply chain impacts, will remain important external factors. Allison Transmission currently trades at a forward EV-to-EBITDA ratio of 10.3×. At this valuation, is it a buy or sell post earnings? The answer lies in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
