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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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EnRoute - January 11, 2018

On December 19, 2017 both the House and Senate debated and approved the conference report for H.R. 1, the Tax Cuts and Jobs Act. However, during consideration of the conference report in the Senate, a motion from Senator Bernie Sanders (I-VT) was upheld by the Parliamentarian, which found several provisions that violated the so-called "Byrd Rule." The provisions related to the expansion of Section 529 accounts and their application towards homeschooling, as well as the use of the phrase "tuition paying" were all struck from the Senate bill. The amended conference report was then sent to the House where the modified bill was approved. President Trump signed the bill into law on December 22, 2017. FULL STORY  





TOP STORIES

The electronic logging device (ELD) mandate has gone into effect, one of the larger known issues associated with it is training enforcement officers. FULL STORY

Many within the industry are analyzing how the federal Tax Cuts and Jobs Act will impact their income and are formulating strategies to adapt to the new rules, including the possibility of restructuring their companies. FULL STORY

Canada has published its own first draft of ELD rules that would require the devices for truck drivers in the Canada Gazette. FULL STORY  
 
President Trump signed into law a bill that aims to streamline the process by which active-duty military and veterans receive commercial driver's licenses. FULL STORY






 

BRIEFLY

DAIMLER TRUCKS NORTH AMERICA has announced enhancements to its Express WriteUp mobile application. The new features enhance the customer experience and improve efficiency. . .CUMMINS INC. has launched its first Technical Education for Communities initiative in the United States, in conjunction with 10 Memphis, TN - area education and industry partners. . .MACK TRUCKS is adding 400 workers to its assembly plant in Lower Macungie Township, PA. . .TAG TRUCK CENTER and LONESTAR TRUCK GROUP have merged into a new company named TNTX.  It will make it one of the largest Daimler Trucks North America dealers in the country. . .The GREAT DANE dog statue that has stood guard over Great Dane's Savannah corporate office on Lanthrop Avenue since 2002 is being relocated to the company's largest manufacturing plant located in Brazil, IN. . .MICHELIN NORTH AMERICA INC. and Sumitomo Corporation of America have agreed to combine their respective North American replacement tire distribution and related service operations in a 50-50 joint venture. . .PEOPLENET has announced the commercial availability of its eDriver Logs Electronic Logging Device (ELD) for Android. . .VOLVO TRUCKS has secured 49 acres next to its NRV plant in order to extend its 1.1 mile customer experience track. 





 

PEOPLE 

WADE LONG has been named regional vice president for Volvo Trucks North America's Western U.S. region. . .SCOTT LONG has been named chairman and president of Michelin North America and JOANIE MARTIN has become chief administrative officer, a newly-created role. . .Zonar Systems has named RON CORDOVA as its new compliance manager. . .PAT CRAHAN, TRALA member and chairman of the Light Truck Rental Council, passed away on December 31 after a brief illness.  Crahan was 89 years old. 





 


TAKING STOCK

A look at truck transportation industry Fortune 500 public companies.

Company

Symbol

01/11 Close 

Performance

 

Allison Transmission Holdings

ALSN

$44.76

$0.18

+0.40%

Avis Budget Group Inc.

CAR

$48.00

$3.12

+6.95%

Cummins Inc.

CMI

$183.90

$3.34

+1.85%

Dana Incorporated

DAN

$34.26

$1.01

+3.04%

Eaton

ETN

$83.99

$1.52

+1.84%

Navistar International Corp.

NAV

$46.03

$2.10

+4.78%

PACCAR Inc.

PCAR

$75.57

$1.46

+1.97%

Ryder System, Inc.

R

$89.30

$2.13

+2.44%





 

NUMBERS

Preliminary Class 8 truck orders in December reached levels not seen since December 2014. FULL STORY 
 
AuctionTime.com set a record in gross auction proceeds, selling more than $623 million in equipment. FULL STORY 
 
Navistar reported a net income of $135 million for the fourth quarter 2017, the company's first profitable year since 2011. FULL STORY 
 
The California Air Resources Board (CARB) approved $663 million clean transportation plan in an effort to increase the use of environmentally friendly trucks, buses and cars. FULL STORY 







 

TRALA ANNOUNCEMENTS

Early Bird Deadline Approaching for TRALA's 2018 Annual Meeting 

Don't put off registering for TRALA's 2018 Annual Meeting. Registration rates are set to increase on January 20, 2018.  
 
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.