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Aug 13, 2007

TRUCKING INDUSTRY NEWS WORLDWIDE

* India - Ashok Leyland divests 40-per cent stake in Ashley Transport to Shriram Transport Finance
Chennai,India -domainb -13 August 2007: -- The country's largest non-banking finance company Shriram Transport Finance Company Limited has bought 40-per cent stake in Ashley Transport Services Limited for an undisclosed sum... Owned by Ashok Leyland Limited and its sister companies the Rs10-crore (equity base) Ashley Transport Services operates a transport exchange that brings together truckers and shippers for load placement...

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