Ryder System has acquired Efficiency Enterprises, a regional provider of fleet management, maintenance and leasing for trucks, trailers and material handling equipment, FreightWaves reported on November 6. The business operates six East Coast locations, in Orlando, Tampa and Fort Myers in Florida, in Astoria, New York, in Baltimore and in Middletown, Delaware, and brings about 1,200 vehicles including about 900 power units. Ryder did not disclose the price. It said the acquisition would add about 50 million dollars in gross revenue to its Fleet Management Solutions unit next year and provide incremental growth to earnings, against FMS revenue of about 4.6 billion dollars in the first nine months of 2026.
Gabon is seeking 2 billion dollars to revive the Mabounie rare earths project, Bloomberg reported on November 8. The Mabounie deposit in Moyen-Ogooue province, about 50 km west of Lambarene, contains niobium and rare earth elements and returned to Gabonese state control in 2022 after years under France’s Eramet. Since 2024 it has been managed by Dusk Gabon, a subsidiary of New Energy Metals, which is updating earlier pre-feasibility work. New Energy Metals and Dusk Gabon presented a technical study for the proposed 2 billion dollar development to President Brice Clotaire Oligui Nguema during his visit to Beijing last week, Bloomberg reported, with the Chinese engineering group ENFI also involved in the project; Bloomberg cited a statement on the presidency’s Facebook page. No binding financing, construction decision or production start has been confirmed, and the 2 billion dollar figure is a funding seek reported by a single source, not a committed raise.