Top RV News: AUG 12, 2024
Dragonfly Powers Highway Transport’s Fleet with Battle Born
RENO, Nev.?–?Dragonfly Energy Holdings Corp.?(Nasdaq: DFLI), an industry leader in energy storage and maker of Battle Born Batteries, is partnering with?Highway Transport, a North American leader in chemical transportation, to begin integrating the Battle Born All-Electric auxiliary power unit (APU) into its fleet. This marks a notable move towards improved sustainability for Highway Transport, which plans to transition their fleet of over 500 trucks to a more cost-effective and environmentally friendly solution. Highway Transport is expected to install the Battle Born All-Electric APU on new tractors in addition to retrofitting current models in its fleet.
The Battle Born All-Electric APU is an advanced lithium-ion battery system that provides ample wattage to run auxiliary power on trucks, even when a truck’s engine is not running. The product grants increased comfort to drivers by allowing the operation of HVAC, appliances, and other electronics, while the truck is off. The product produces zero harmful emissions and no loud engine idling. The unit recharges during drivetime and is expected to reduce Highway Transport’s fuel costs while increasing sustainability through emission reductions.
Highway Transport’s commitment to environmental responsibility is formalized in its?Green Treads?sustainability initiative. By partnering with Dragonfly Energy to implement the Battle Born All-Electric APU, Highway Transport is taking a concrete step towards achieving its Green Treads goals of reducing emissions, improving fuel efficiency, and enhancing driver comfort.
“At Highway Transport, sustainability and driver well-being are paramount. Dragonfly Energy’s solution allows us to make significant strides on both fronts,” Marshall Franklin, chief executive officer and chief financial officer for Highway Transport, said. “The added benefit of fuel cost savings further strengthens the value proposition of this partnership.”
The company’s pilot program and initial trials have shown promising results for fleets. The all-electric lithium iron phosphate (“LiFePO4”) based unit has demonstrated extended power delivery and reliable performance, including the ability to consistently power hotel loads for 12-16 hours, even in extreme summer heat. Highlighting the real-world benefits, Highway Transport driver William Gaines shared, “I’ve been driving for 35 years, and after installing the Battle Born All-Electric APU in my truck, I can honestly say it’s amazing. My first trip after the install took me to Dallas and then down to Houston, and the system is so COOL! Pardon the pun. My industry really needed this product.”
This partnership with Highway Transport marks another step forward for Dragonfly Energy’s reach within the commercial trucking sector. The planned integration of the Battle Born All-Electric APU into Highway Transport’s fleet paves the way for wider adoption of the Company’s clean energy solutions, accelerating the transition towards a more sustainable transportation landscape.
“We’ve received immensely positive feedback on this product from both CEOs and drivers alike,” said Wade Seaburg, chief revenue officer of Dragonfly Energy. “We believe our product not only has the potential to enhance customer’s financial performance but also provides benefits to both the environment and the daily user. As more fleet operators transition towards sustainability, Dragonfly Energy is ready to support this shift with our lithium power solutions, offering a win-win for all involved.”?
For more information about Dragonfly Energy, visit?DragonflyEnergy.com.?To learn more about Highway Transport, visit?HighwayTransport.com.
Credit Consumers for Finally Curtailing U.S. Inflation Spike
WASHINGTON — The great inflation spike of the past three years is nearly spent — and economists credit?American consumers?for helping slay it, according to an Associated Press report.
Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn’t raise prices very much without losing business.
“While inflation is down, prices are still high, and I think consumers have gotten to the point where they’re just not accepting it,” Tom Barkin, president of the Federal Reserve Bank of Richmond, said last week at a conference of business economists. “And that’s what you want: The solution to high prices is high prices.”
A more price-sensitive consumer helps explain why inflation has appeared?to be steadily falling?toward the Federal Reserve’s 2% target, ending a period of painfully high prices that strained many people’s budgets and?darkened their outlooks?on the economy. It also assumed a central place in the presidential election, with inflation leading many Americans to turn sour on the Biden-Harris administration’s handling of the economy.
领英推荐
The reluctance of consumers to keep paying more has forced companies to slow their price increases — or even to cut them. The result is a cooling of inflation pressures.
Stephen Hearn Named to Brown & Brown Board of Directors
DAYTONA BEACH, Fla. – Brown & Brown, Inc. (NYSE: BRO) announces the addition of insurance industry veteran Stephen (“Steve”) P. Hearn to Brown & Brown’s board of directors.
H. Palmer Proctor, Jr., Brown & Brown’s lead independent director and chair of the Nominating/Corporate Governance Committee of Brown & Brown’s board of directors, said, “Steve has established himself as a fixture in the London insurance marketplace, having grown and led several successful international businesses during his impressive, 35-year career. We remain focused on finding the highest quality directors to help guide our strategy and believe Steve brings the right combination of experience and skills to support our continued growth.”
J. Powell Brown, Brown & Brown’s chief executive officer and a board member, commented, “A visionary and effective leader, Steve has a proven track record of leveraging technology and talent to create long-term growth opportunities in the international insurance space. We are excited to leverage his exceptional abilities and learn from his unique perspective on our journey to $8 billion in annual revenues and beyond.”
Hearn began his insurance career in 1989, most recently holding roles with The Ardonagh Group from November 2021 until July 2024. During his time with The Ardonagh Group, he served as chief executive officer of Ardonagh Specialty Holdings Limited from November 2021 until September 2022; as chief executive officer of Ardonagh Capital Solutions Holdings, The Ardonagh Group’s holding company for its reinsurance broking, captives and MGA businesses, from November September 2022 until July 2024; and as chief executive officer of Inver Re, The Ardonagh Group’s dedicated reinsurance broking unit, from November 2021 until July 2024. He also served as a director of Ardonagh International from May 2023 to July 2024.
Previously, he served as chief executive officer of Corant Global, a subsidiary of BGC Partners, Inc. (“BGC”), from February 2019 until the sale of BGC’s insurance brokerage division to The Ardonagh Group in November 2021 and as the chief executive officer of Ed Broking Group Limited from 2015 until its acquisition by BGC in February 2019. Hearn held roles with Willis Group Holdings plc and its businesses from 2008 until 2015, including president and deputy chief executive officer of Willis Group Holdings plc, chief executive officer of Willis Re, chairman and chief executive officer of Willis Global and chief executive officer of Willis Limited. Prior to that, he held senior leadership positions with Hilb, Rogal & Hobbs; Glencairn Limited; Marsh Affinity Europe & Middle East; Marsh Affinity UK and Sedgwick Affinity Group Services.
Since August 2023, Hearn has served as the chairman of Placing Platform Limited (PPL), a market-owned eTrading platform, and as a non-executive director of Atrium Underwriters Ltd. since June 2024.
About Brown & Brown, Inc.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 16,000 teammates and 500+ locations worldwide, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit?bbinsurance.com.
For the full list of our daily RV news stories, subscribe for free on our website to receive the latest news and information delivered daily to your inbox: https://rvbusiness.com/subscribe/
You can also go to RVBusiness.com to see all of today's top stories.
No longer looking to relocate. Would like to do some grant writing for small non-profits.
6 个月I have Hehr windows to dispose of from my late husband's estate. If anyone is interested let me know. Located Idaho panhandle. No charge.