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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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EnRoute - September 7, 2017

TRALA  and other industry partners are concerned about the Environmental Protection Agency's decision to "re-evaluate" parts of the Phase 2 greenhouse gas (GHG) and fuel efficiency rules. FULL STORY  





 

TRALA IN THE NEWS

A new industry survey released by TRALA shows that the Association's members purchased 29% of all Class 2 through 7 commercial trucks in the U.S. and purchased more than 23% of all Class 8 tractors in 2016. FULL STORY



 

TOP STORIES

On September 6, 2017, the U.S. House of Representatives rejected a proposal that would have denied funding in fiscal year 2018 to enforce the rule on ELDs. FULL STORY  




 

TECHNOLOGY TRENDS

PACCAR Inc. has unveiled its new automated transmission which will be offered in Kenworth and Peterbilt trucks starting in October. FULL STORY

Truck-Lite's LED fog light is the latest addition to the company's Truck-Lite by Rigid Line and is designed as a direct replacement for Freightliner Cascadia model year 2007-16 lights. FULL STORY
 
Morgan Corporation is expanding its NexGen product line and has introduced a medium- or "mid-temp" unit that is geared towards markets that require consistent temperatures control from 35 F through 75 F.  The units can be cooled or heated based on the application. FULL STORY
 
Bendix Commercial Vehicle Systems has created the Bendix GC Spin-On Air Dryer Cartridge, a spin-on style air dryer cartridge using recycled desiccant for the aftermarket. FULL STORY




 

BRIEFLY

MACK TRUCKS has a newly remodeled Mack Customer Center in Allentown, PA.  The $3 million renovation features facility enhancements, a reconfiguration of  the floor plan and the addition of multiple interactive displays. . .TELOGIS, A VERIZON COMPANY, has added its electronic logging device product to the Federal Motor Carrier Safety Administration's (FMCSA) list of registered providers. . .DAIMLER TRUCKS NORTH AMERICA has broken ground on a modern logistics center at its Cleveland, N.C. truck manufacturing plant. . .MURPHY-HOFFMAN COMPANY (MHC)  is opening its third dealership in Iowa.  MHC  Kenworth  - Dubuque has eight service bays, a parts warehouse, a wash bay and a driver's lounge. . .PACCAR FINANCIAL has launched a redesigned used truck website that features enhanced functionality, such as the ability to search by make, model, truck components and miles. .THE KENWORTH TRUCK CO.  and European DAF Trucks brands of PACCAR, INC. have been selected as the fifth team to participate in the Department of Energy's SuperTruck II research program. PACCAR will be awarded $8 million for the project by DOE. . .HINO MOTORS manufacturing facility in Williamstown, West Virginia, celebrated 10 years of medium-duty truck production. . .NAVISTAR has announced it will stop all engine production at its plant in Melrose Park, IL by the second quarter of 2018. The company will continue the facility's transformation into Navistar's technical center, including truck and engine testing and validation as well as used truck sales and reconditioning. . .DANA INC.  has been recognized as one of the "20 Most Valuable Brands in 2017" by Insights Success Magazine. . .In a joint effort Daimler AG's U.S. based subsidiaries Mercedes-Benz USA, Mercedes-Benz US International, Mercede-Benz Financial Services and DAIMLER TRUCKS NORTH AMERICA have donated $1 million total to the Red Cross for Hurricane Harvey relief. 




 

PEOPLE

Allison Transmission Holdings Inc. has announced that President and Chief Financial Officer DAVID GRAZIOSI will succeed LARRY DEWEY as CEO on June 1, 2018. . .MATTHEW FAHNESTOCK has joined Dana Inc. as the chief information officer. . .BRIDGET NEAL has been named President  of the commercial off-the-road tire division for Bridgestone Americas. . .PAOLO FERRARI, who serves as CEO, president and chief operating officer of Bridgestone Europe will also serve as chairman of Bridgestone Americas; THOMAS HIGGINS, president of the U.S. and Canada consumer tire sales division for Bridgestone Americas, will take on the additional role of chairman Bridgestone Europe and was promoted to vice president and senior officer of Bridgestone Corp; and FERRARI and GORDON KNAPP, CEO and president of Bridgestone Americas, were both promoted to vice president and executive officers of Bridgestone Corp. Cummins Inc. has tasked LORI THOMPSON with leading the company's U.S. diversity initiatives, as well as continue to lead the overall marketing function in her new role in the company's operating team. . .Daimler Trucks North America is moving DAVID GIROUX into the newly created position of director of channel marketing and KATJA BOTT, replacing Giroux, will be responsible for DTNA's public relations strategy, internal and external corporate communications, marketing, and media relations. . .ACT Commercial Transportation Research Company LLC has announced that TIM DENOYER has joined the firm as vice-president and senior analyst. . .JOSEPH FAVIA has been named regional vice president for the U.S. Central Region for Mack Trucks. . .PeopleNet has appointed BRYAN COYNE has senior vice president/general manager, truck. . .British Columbia Trucking Association (BCTA) president and CEO LOUISE YAKO has announced she will be leaving the association at the end of the year. 



 

TAKING STOCK

A look at truck transportation industry Fortune 500 public companies.
 

Company

Symbol

9/07 Close 

Performance

 

Allison Transmission Holdings

ALSN

$33.20

$0.51

-1.51%

Avis Budget Group Inc.

CAR

$36.72

$0.73

+2.03%

Cummins Inc.

CMI

$161.85

$2.37

+1.49%

Dana Incorporated

DAN

$24.18

$0.03

-0.12%

Eaton

ETN

$71.32

$0.01

+0.01%

Navistar International Corp.

NAV

$38.20

$1.93

+5.32%

PACCAR Inc.

PCAR

$66.83

$1.59

+2.44%

Ryder System, Inc.

R

$79.00

$0.58

+0.74%






 

NUMBERS   

Wabash National Corp. aims to acquire Supreme Industries in a $21 per share stock offer worth between $342 million and $364 million.  The acquisition and merger of the two manufacturers is expected to occur no later than the fourth quarter 2017. FULL STORY

Navistar returned to profitability during the fiscal quarter ended July 31, posting net income of $37 million and sales rose by 6.1% to $2.21 billion. FULL STORY

According to ACT Research, Class 8 orders in August improved 49% year-over-year and pushed past 21,000. In the 2016 period, orders were 14,194. FULL STORY



 

TRALA ANNOUNCEMENTS 

Contribute to TRALA's 2017 Legal Action Fund

Please support TRALA's Legal Action Fund by making a corporate contribution today. TRALA is engaged in significant legislative, regulatory, and legal battles that directly impact your company's bottom line. For example, TRALA has recently entered into an agreement with one the country's foremost tax specialists to protect our industry during federal tax reform deliberating currently in Washington, D.C. A Legal Action Fund contribution is an investment that will be sure to pay off, as it ensures that TRALA has the financial resources necessary to protect your company's best interests.  Click here  to make your company's donation! Thank you for your support of TRALA's advocacy efforts.