SCRANTON, Iowa — The McLaughlin family today announced that it has signed a definitive agreement to sell Scranton Manufacturing Company Inc., d/b/a New Way Trucks and the New Way Trucks brand.

After more than half a century, the privately held, central Iowa-based company will now become part of Federal Signal Corporation (NYSE: FSS) (“Federal Signal”). Scranton Manufacturing and its New Way Trucks brand represent the largest privately held manufacturer of refuse equipment in North America. The company has operated in Scranton, Iowa since 1971, originally manufacturing agricultural equipment for local farmers. In 1984, the company transitioned to manufacturing refuse equipment with the acquisition of Des Moines, Iowa-based New Way Trucks. Since 1984, the company has grown to more than 750 employees across five factories in two states, with operations in Scranton and Carroll, Iowa and Booneville, Mississippi.

“This is not a decision we made lightly, said Mike McLaughlin, Chief Executive Officer. “As a family-owned business, this company has been part of our lives for nearly three generations. It has grown thanks to the hard work and dedication of our employees, distributors and partners, and their belief in what we do. They are the heart of this company, and we are deeply grateful for everything they have contributed. Together, we have built this company to be the largest privately held manufacturer of refuse equipment in North America.”

The acquisition will allow New Way to strengthen its position as an equipment manufacturer in the North American solid waste, recycling, and environmental services industry. Already a prominent manufacturer in the refuse space, New Way’s continued growth will be buoyed by the global resources of Federal Signal, as they broaden their footprint in the environmental services space.

“We are excited to join the Federal Signal family and add New Way to their portfolio,” continued McLaughlin. “It has always been important to my family that we provide for our employees, and partnering with Federal Signal allows for the very best opportunities for the entire New Way employee family. Our company’s culture has always been important to the success of the business and aligns perfectly with Federal Signal’s culture of growth, innovation, and teamwork.”

“The acquisition of New Way establishes a new vertical within our specialty vehicle portfolio and represents a meaningful expansion into the recession-resilient waste and recycling industry,” said Jennifer L. Sherman, President and Chief Executive Officer of Federal Signal. “With our deep expertise in selling refuse equipment through our direct distribution channel and our ability to leverage the power of our specialty vehicle platform, we see significant opportunities to capture synergies and accelerate New Way’s growth and margin trajectory in coming years. Importantly, we believe New Way’s leading U.S. position in automated side loaders and for municipal sales sets the foundation for continued outperformance within the refuse space. We are excited to welcome New Way’s dedicated team of more than 750 employees to the Federal Signal family.”

The transaction is expected to close before the end of the year, subject to regulatory approval and customary closing conditions.

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About New Way Trucks

New Way Trucks is the largest privately held refuse equipment manufacturer in North America. Family-owned and based in Scranton, Iowa, New Way leads the industry with simple, high-performance builds, a trusted distributor network, and a fearless commitment to customer responsiveness. As a company rooted in practical innovation, New Way continues to push Fearlessly Forward—delivering real solutions for the people who keep our communities clean. Learn more at newwaytrucks.com.

About Federal Signal

Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial, and commercial customers. Headquartered in Downers Grove, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems. For more information on Federal Signal, visit: www.federalsignal.com.

SILVER SPRING, Maryland (July 15, 2025) — SWANA, the leading professional association for waste and resource professionals, and New Way, the industry’s largest privately-owned refuse equipment manufacturer, are proud to announce a new partnership that will support industry progress. 

As an expert in manufacturing heavy duty refuse equipment, with a dedicated New Way sales and service team and a leading network of 45 distributor locations across the United States and Canada, New Way is a natural partner for SWANA, which has members working in all aspects of collections across North America.

“New Way is the first corporate partner of SWANA under my tenure as CEO and I’m so excited to launch our journey together,” shared SWANA CEO Amy Lestition Burke, MA, FASAE, CAE. “We know this collaboration will result in a positive impact for SWANA and the industries we serve.”

“As a market-leading refuse collection body manufacturer that serves municipalities and other government entities as part of our customer base of haulers across North America, we’ve been a longtime supporter of SWANA. This corporate partnership brings us to the next level and we’re excited to lead the way in connecting more of our customers and SWANA’s membership to the valuable resources, education and insight the association provides and that keeps the industry moving forward, said Don Ross, Chief Sales Officer for New Way Trucks.  

New Way’s corporate partnership will include year-round support of the SWANA Collections and Transfer Technical Division, SWANA safety programs, and the new RCon conference. RCon, to be held in Columbus, Ohio, November 12-15, will feature New Way refuse collection vehicles throughout the event and a New Way-sponsored exhibit theatre.

SCRANTON, Iowa (May 16, 2025) — New Way Trucks, the largest privately held refuse equipment manufacturer in North America, recognized its top distributors recently for sales performance and customer support excellence over the past year during Waste Expo. The company’s network of 35 partner distributors across the United States and Canada is well-respected across the waste and recycling industry and is a key factor in New Way’s growth. 

“Our Fearlessly Forward mission and growing presence in the market would not be possible without the continued support and efforts of our New Way distributors,” said Don Ross, New Way Chief Sales Officer. “We have a tremendous network of distributor partners that put a priority on building relationships, providing our customers with quality and just getting the job done. Each year we recognize the distributor teams who have truly personified and exhibited those unique values of New Way. I commend them for their commitment to New Way, a job well done and continuing to set us apart from the competition by truly putting customers first.” 

The company’s distributor awards are based on annual equipment and parts sales, demonstrating superior support and service, and promotion of the New Way brand. Each of these top distributors, as with all New Way’s distributor partners, align with the company’s commitment to quality and its mission to provide customers with not only the most reliable, durable equipment in the industry but also with exclusive, dedicated support.. 

The following New Way distributors were presented with a Distinguished Distributor Award during a ceremony in the New Way booth. 

• Ray Gaskin Service (Fontana, CA)
• Elliott Equipment Company (Grimes, IA)
• Amick Equipment Company, Inc. (Lexington, SC)
• Sansom Equipment Company (Birmingham, AL)
• Southern Sewer Equipment Sales (Fort Pierce, FL)
• Short Equipment, Inc. (Phoenix, AZ)
• Maryland Industrial Trucks (Linthicum, MD)
• Municipal Equipment, Inc. (Louisville, KY)
• Texas Pack + Load (San Antonio, TX)
• Pyramid Equipment (Rolling Prairie, IN)

In addition, New Way presented the first-ever Rising Star Award to startup distributor Iser Equipment. The Rising Star Award is presented to the distributor that showed exceptional performance and growth over the previous year. Based in Lancaster, OH, Iser Equipment began operating in November 2023 and has excelled in sales and customer support performance in 2024. 

“We’re proud to recognize our hardworking distributors for their dedication to New Way, to our customers and to delivering top quality customer service,” said Mike McLaughlin, CEO of New Way Trucks. “Our industry-leading distributor network helps us lay the groundwork for the continued success of our products, parts and service support.”

The New Way Distributor Network is committed to delivering exceptional training, thorough inspections, quality parts, expert service and responsive after-sale support. Like New Way, these outstanding organizations continue to drive Fearlessly Forward to best meet the needs of the industry and its haulers.

SCRANTON, Iowa (April 29, 2025) — New Way Trucks is reintroducing itself at Waste Expo 2025. Look for an updated presence and a renewed promise in Booth #3637 on May 5-8 in Las Vegas, NV. 

At the show, New Way will bring perspective on how they answer to haulers and bring them solutions when others can’t. Visitors to the booth will see key upgrades to its Sidewinder^® Automated Side Loader and Mammoth^® Front Loader. Plus, attendees can check out enhancements to the New Way ROTO-PAC^® Automated Side Loader, a residential waste and organics collection powerhouse that will feature the proven Sidewinder arm, in Peterbilt Booth #2028.

“This isn’t a change in who we are. It’s a clearer expression of why we do what we do,” said Don Ross, Chief Sales Officer at New Way Trucks. “Every truck we build, every upgrade we make, and every conversation we have is rooted in one thing: providing haulers what they need so they can do their jobs more efficiently and operations run smoothly. We’re the same customer-first team, focused on solutions, service, and support—now with a fearless push forward”

In addition, New Way will support the Environmental Research & Education Foundation (EREF) and the National Waste and Recycling Association (NWRA), and share insights during a panel on zero-emissions collection — demonstrating its commitment to practical innovation and customer-first thinking.

Advancing the conversation on zero emissions refuse collection

New Way is leading a panel discussion on the future of zero-emission refuse vehicles, bringing together experts from PACCAR, Mack, and Recology to explore hydrogen and battery electric technologies side by side. 

Moderated by Marc de Smidt, Senior Director of Engineering, and featuring Product Manager Tyler White as a key panelist, the session will provide data-backed insights from New Way’s recent hydrogen fuel cell trials and ongoing industry collaborations. Together, panelists will examine operational readiness, adoption challenges, and the evolving role of zero-emission solutions in refuse fleets.

Product enhancements that simply do more

The updated Sidewinder^® Automated Side Loader is engineered to be stronger, faster, and easier to maintain:

• Cycle times reduced by 20%, thanks to cylinder, hydraulic, and control system upgrades. 
• Smooth ride and seamless operation with our industry-leading, frame-mounted arm and proportional controls. 
• Simplified maintenance with more than 1,200 feet of wiring removed, plus simplified harnessing and hydraulic routing.
• Streamlined control modules conveniently mounted at eye level for easy troubleshooting.
• Smart diagnostics and intuitive in-cab keypads make the tech feel effortless, not overwhelming.

The Mammoth^® Front Loader is built to handle tough commercial routes with greater durability and payload capability:

• Reinforced for reliability in key wear areas and high-stress points to better absorb compaction forces, including the front of the body, hopper, and tailgate. 
• More options to fit your fleet’s specific needs like multiple canopy options, front-of-body or underbody hydraulic valves, and 8,000- or 10,000-lb arm lift capacities. 
• Designed for maximum performance with rugged, dependable single-piece forks, pack-on-the-go capabilities, and a large cleanout door for easy maintenance. 

“These enhancements were driven directly by customer feedback,” said Eric Evans, chief product officer at New Way Trucks. “We didn’t just add features — we solved real problems, with simplicity and reliability in mind.”

Giving back and honoring excellence

New Way is proud to support the Environmental Research & Education Foundation (EREF) by donating a 8-cubic-yard Diamondback Rear Loader, mounted on an Isuzu NRR chassis with a Perkins cart tipper. The truck will be auctioned during the EREF Live Auction at 3:30 p.m. on Wednesday, May 7, with proceeds supporting environmental research and education across the waste management industry.

As a sponsor of the 2025 National Waste and Recycling Association (NWRA) Awards Gala, New Way proudly supports the recognition of the individuals and teams who have built and keep the waste and recycling industry running every day, in every community across the country. These awards honor essential workers and innovators who continue to elevate the industry — values that align with New Way’s commitment to push Fearlessly Forward.

Visit New Way at Waste Expo in Booth #3637 and go to newwaytrucks.com.