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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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EnRoute - January 19, 2017

TRALA IN THE NEWS - Graham Hall has joined the staff of TRALA as the new Manager of Government Relations. FULL STORY




TOP STORIES
In a notice published in the January 17th issue of the Federal Register, the Federal Motor Carrier Safety Administration (FMCSA) needs additional time to securely migrate data from multiple legacy platforms into a new central database so the implementation date for the new Unified Registration System has been extended. FULL STORY

Elaine Chao, the nominee for Transportation Secretary, breezed through her confirmation hearing last week. Chao outlined broad goals during her hearing, but offered few details of how DOT under her leadership would achieve them. FULL STORY

The U.S. Department of Transportation has created a federal advisory committee on automation which will address issues including development of automated vehicles, deployment of AVs and needs relevant to the DOT's continued efforts. FULL STORY

As the Obama administration comes to a close, those opposed to the president's environmental initiatives are looking at ways to undermine the intent of the rules and some wonder if Phase 2 of the Greenhouse Gas rules could be on that list. FULL STORY




 

TECHNOLOGY TRENDS

Engineers at MIT may have made a breakthrough in the production of renewable diesel fuels using a hyper-efficient version of a common food product, yeast. FULL STORY

Allison Transmission has released Allison DOC Premium V2017.1.0, which will move its diagnostic software to an annual subscription service. FULL STORY

Truck-Lite Co. has added the 44 Series Stop/Turn/Tail & Back-up Combination to its current 44 Series Offerings. FULL STORY



 


BRIEFLY

DANA INCORPORATED has entered into a multi-year sales agreement with NAVISTAR INTERNATIONAL CORPORATION for driveline components for on-highway, city-delivery, bus and vocational vehicles. . .ELEMENT FLEET MANAGEMENT CORP. has purchased fleet safety and accident management provider The CEI Group. . .PENSKE TRUCK RENTAL is making collision avoidance systems and air disc brakes its standard spec on commercial tractors within its rental fleet. . .VOLVO GROUP NORTH AMERICA  has received the Seal of Distinction for 2017 from WorldatWork, a nonprofit human resources association and compensation authority. The seal recognizes companies that excel in offering innovative programs and a positive work environment for employees. . .WEX and onDeck Announce Strategic Partnership to Offer Financing to WEX Small Business Customers. . .PAPE KENWORTH announced it is driving customers uptime by speeding service and repairs and increasing efficiency with Kenworth TruckTech+ Service Management at its 13 dealerships in Central California, Oregon and Washington. . .Engineers at BRIDGESTONE are working to develop super-low-rolling-resistance tires for the next CUMMINS/PETERBILT SuperTruck Project. The goal is a tire with 30% reduction in rolling-resistance coefficient.




 

PEOPLE

JASON HOLT has been named president of Omaha Standard Palfinger.  Holt was previously the company's vice-president of operations. . .EROAD has named NORM ELLIS to the position of president. . .LAWRENCE E. DEWEY to retire as Chairman and CEO of Allison Transmission in May 2018. . .SAMIR ZABANEH has been appointed chief financial officer for Element Fleet Management. . .SENATOR DEB FISCHER (R-NE) was named chairman of the Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety, and Security for the 115th Congress.




 

TAKING STOCK

A look at truck transportation industry Fortune 500 public companies.

Company

Symbol

1/19 Close 

Performance

Allison Transmission Holdings

ALSN

$33.79

$0.03

+0.09%

Avis Budget Group Inc.

CAR

$36.08

$1.33

-3.56%

Cummins Inc.

CMI

$140.97

$1.07

+0.76%

Dana Incorporated

DAN

$19.52

$0.00

0.00%

Eaton

ETN

$67.73

$0.07

-0.10%

Goodyear Tire & Rubber Company

GT

$30.39

$0.15

-0.49%

Navistar International Corp.

NAV

$28.63

$0.40

-1.38%

PACCAR Inc.

PCAR

$65.74

$0.57

-0.86%

Ryder System, Inc.

R

$74.09

$1.67

-2.20%

 

 

NUMBERS

A report commissioned by the Department of Transportation, 2015 Status of the Nation's Highways, Bridges and Transit: Conditions and Performance, identified an $836-billion backlog of unmet capital investment needed for highways and bridges. FULL STORY   

The U.S. Department of Labor report issued this month showed that the number of trucking jobs closed out 2016 with a new record high total. FULL STORY




 

TRALA ANNOUNCEMENTS 

Join us for TRALA's 2017 Annual Meeting which will be held April 2-5 at the Hyatt Regency Coconut Point in Bonita Springs, Florida.  This event is one of the largest gatherings of rental and leasing executives in North America. Click here to register for the event. 

Please contact TRALA's Shannon Davison at sdavison@trala.org with any questions regarding the meeting. 

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