Under the hood: Inside the numbers at Fenix Parts
By Jeff Sanford Toronto, Ontario — November 24, 2015 — Newly minted publicly-traded recycling conglomerate Fenix Parts has been having a bit of a time convincing investors to get into the stock. The company went public in May at $11 a share. But over the past several months the price of shares has swooned, settling […]
Fenix Parts announces Q3 results
By Jeff Sanford Westchester, Illinois — November 18, 2015 — Fenix Parts announced its third quarter results this week. The relatively new auto recycling conglomerate continues to iron out some of the challenges related to the merger that created Fenix, while dealing with a remarkably low price for scrap steel. The company reported that revenues […]
Ontario to consult on updating end-of-life vehicle processing standards
By Mike Davey Toronto, Ontario — November 11, 2015 — The Ontario Ministry of Environment & Climate Change have recently posted updates to the Environmental Bill of Rights (EBR) and announced a second consultation proposal regarding standards for end-of-life vehicle (ELV) processors. It’s common knowledge in the recycling industry that some ELV processing facilities adhere […]
Solera integrates parts procurement solutions to form InPart
Westlake, Texas — November 11, 2015 — Solera Holdings has announced the integration of its parts procurement solutions, including Distribution Service Technologies (“DST”) and APU Solutions (“APU”), to form InPart. Through InPart, Solera will enable online parts procurement from the industry’s largest network of suppliers directly within the existing systems and workflow of collision and […]
ARA pulls out the stops for 72nd annual convention
By Mike Davey Charlotte, North Carolina — October 14, 2105 — The annual Convention & Exposition of the Automotive Recyclers Association (ARA) is easily one of the biggest events on the auto recycling calendar, drawing together professionals from all across Canada and the US. This year’s convention, the organization’s 72nd, took place in Charlotte, North Carolina […]
Carcone’s Auto Recycling receives two honours at ARA Convention
By Mike Davey Charlotte, North Carolina — October 12, 2015 — Congratulations go out to Michael and Carolyn Carcone for their big win at the Automotive Recyclers Assocation (ARA) Annual Convention & Exposition, taking home two prestigious awards. The ARA event took place in Charlotte, North Carolina from October 7 to 10. Owners of Carcone’s […]
Fenix reports numbers, hints at acquisitions
By Jeff Sanford Toronto, Ontario — August 5, 2015 — New publicly-traded recycler, Fenix Parts, has held one of its first public conference calls. The company previously reported financial results for the holding company, Fenix Parts, as well as the financial statements for some of its founding companies. Today’s release updated the financials for the […]
Summerhill Impact launches Switch Out video contest
Toronto, Ontario — August 20, 2014 — Removing mercury switches from end-of-life vehicles is a public service, and it’s time to let the public see you and your team in action. Summerhill Impact recently announced the launch of two new Switch Out videos. The videos are available in English and French, hosted by Dom Vetere […]
