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Truck Renting and Leasing Association

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EnRoute - November 30, 2017

January 5, 2018 is the deadline to file formal comments on the EPA's proposal to exempt glider kit vehicles from the Phase 2 tractor-trailer emissions standards enacted during the Obama Administration. FULL STORY 





TOP STORIES

Canada has not mandated ELDs at this time. However, Stephen Laskowski, president of the Ontario Trucking Association, anticipates the Canadian government to make an announcement in the Canada Gazette about an ELD enforcement deadline before the end of the year. FULL STORY 
 
The Federal Motor Carrier Safety Administration officials have stated that if drivers are cited at roadside inspections for not complying with the ELD rule come the December 18 deadline, the citation will be a "no points cite" that will not affect the Safety Measurement  Systems that feeds into CSA scores through April 1, 2018. FULL STORY 
 



 

TECHNOLOGY TRENDS

Penske Truck Leasing Co. has launched a mobile app, the new Penske Driver app,  that will allow rental truck drivers to comply with the federal mandate for electronic logging devices and to access other information to enhance productivity. FULL STORY
 
EROAD has been selected to participate in the first multi-state truck pilot to explore the feasibility of a Mileage-Based User Fees along the United States' eastern seaboard. FULL STORY 
 
There have been a number of innovations in tire retreading, and fleets should consider exploring how they can benefit from the technology.
FULL STORY




 

BRIEFLY

RYDER SYSTEM INC. teamed up with autonomous technology developer Embark and consumer products manufacturer Frigidaire to run a series of autonomous-driving technology tests in October. . .GEOTAB has announced the availability of Geotab Roadside to customers across the U.S. and Canada. Geotab Roadside can reduce vehicle downtime with the convenience of comprehensive roadside assistance management from initial request to completion. . .CONTINENTAL AG'S CONTITECH division is consolidating two textile facilities in George, both of which make elements used in tire production. The company also is investing more than $9 million to update the surviving Barnesville facility. . .KENWORTH SALES COMPANY unveiled its $4.95 million remodeling and expansion of its Lewiston, ID dealership. . .ALLISON TRANSMISSION has produced its 500,000th fully-automatic 4000 Series transmission.  The production of the 4000 Series Transmission began in 1993 at the company's headquarters in Indianapolis, IN.




 

PEOPLE

LATRES JARRETT has been named Director of arketing for Bridgestone Americas Inc. Bandag retreads business unit. . .PETE SELLECK, Chairman and President of Michelin North America Inc., will retire at the end of 2017.  The company will name his successor in January 2018. . .The British Columbia Trucking Association (BCTA) has named DAVE EARLE as its new President and CEO. He is replacing LOUISE YAKO.             




 

TAKING STOCK

A look at truck transportation industry Fortune 500 public companies.
Company Symbol 11/30 Close  Performance
 
Allison Transmission Holdings ALSN $41.04 $0.83 +2.06%
Avis Budget Group Inc. CAR $38.10 $0.26 +0.69%
Cummins Inc. CMI $167.40 $2.88 +1.75%
Dana Incorporated DAN $33.04 $0.15 +0.46%
Eaton ETN $77.78 $0.94 +1.22%
Navistar International Corp. NAV $40.71 $0.67 -1.62%
PACCAR Inc. PCAR $70.33 $1.32 +1.91%
Ryder System, Inc. R $82.48 $1.41 +1.74%



 

NUMBERS   

Meritor Inc. has reported fourth-quarter revenue rose 27% year-over-year to $922 million and the company's Commercial Truck & Industrial unit had sales of $728 million, up $187 million or about 35%, compared with the same period last year. FULL STORY 
 
Accounting professionals and industry experts are telling fleets that lease their trucks to start preparing now for new lease accounting rules that begin taking effect for public companies at the end of the year.  FULL STORY   




 

TRALA ANNOUNCEMENTS

Register Today to Attend TRALA's 2018 Annual Meeting

TRALA is hosting its 40th Annual Meeting April 8-11, 2018 at the Fairmont Scottsdale Princess in Scottsdale, Arizona. This is the largest gathering of leasing and rental executives in North America. More information including rates, agenda and travel information can be found by clicking here.
 
Registration is easy. Just click Yes to begin the registration process. TRALA's registration is also mobile-device friendly so you can register directly from your phone or tablet.
 
Please contact TRALA's Shannon Davison at sdavison@trala.org or by phone at (703) 299-9120 with any questions.