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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


Blog

EnRoute - April 30, 2014



Top Stories

The Federal Motor Carrier Safety Administration (FMCSA) has formed a team to draft a new rule to adjust the minimum insurance requirements for trucking. FULL STORY

The California Air Resources Board (CARB) has adopted amendments to its Truck and Bus Regulation, giving new compliance options to fleets with three or fewer trucks and owner operators. FULL STORY

The Department of Energy (DOE) is expected to invest $10 million in technologies that produce biofuels products from biomass through a new grant program. FULL STORY

The U.S. Department of Transportation has updated the “ticker” on its website that displays the balance in the Highway Trust Fund, and it now projects that account will run out of money on August 31, 2014. FULL STORY

 
 
 

Technology Trends

 

Bridgestone Commercial Solutions has introduced a mobile app, Tire Advisor, which is designed to help fleets and dealers quickly access and compare information about the Bridgestone family of commercial tire brands. FULL STORY

Thermo King has unveiled its all new Precedent S-700 refrigeration unit which is the only deep frozen refrigeration unit with shore power. FULL STORY

Hendrickson debuts its new Toughlift lift axle platform. This new platform was designed specifically to utilize round tube axles for non-steerable and steer applications in severe- or heavy-duty use. FULL STORY

Karmak's newest business management system, Fusion Platform, is a flexible system that is offering software for accounting, parts inventory, business intelligence, sales, service, lease/rental and vendor communications. FULL STORY

 
  


Briefly

Ryder System, Inc. and Penske Truck Leasing Co., have both been selected as top honorees for the 2014 SmartWay Affiliate Challenge Award. . .Navistar, Inc. is boosting truck and bus production at its Escobedo, Mexico and Tulsa, Oklahoma, assembly plants. . .Carrier Transicold has received full verification for its engine emissions system (EES) option from the California Air Resources Board (CARB) as a level 3+ verified diesel emission control (VDEC) device. . .Mack Trucks has donated a truck to the Environmental Research & Education Foundation (EREF) live auction and all proceeds will go towards EREF's research initiatives to help attain sustainable waste management practices. . .Bridgestone Americas Inc. is sponsoring a scholarship contest to encourage teens to drive responsibly. . .Kenworth of South Florida - Riviera Beach has opened a new parts and service location with eight service bays and a larger parts department than at its previous location. 
 

 

People 

Cummins Inc. has promoted Dana Vogt to vice president – manufacturing – heavy-duty, mid-range, and light-duty diesel. In this new role, Vogt will also be an officer of the company. . .Brad Georgal has joined J.J. Keller & Associates, Inc. ELD sales team, where he will help customers transition to electronic logging. . .GE Capital Fleet Services has named Shannon May as vice president of sales – West region based in Denver, CO. . .Lee Lydic, a member of the Truck-Lite sales team, has passed away after a battle with cancer. He was 58 years old.

 

  

Taking $tock

A look at truck transportation-industry Fortune 500 public companies:

Company Symbol (Click for Chart) 4/30 Close Performance
Allison Transmission Holdings ALSN $29.84 $0.15 -0.50%
Avis Budget Group Inc. CAR $52.59 $0.13 -0.25%
Cummins Inc. CMI $150.85 $0.04 +0.03%
Dana Holding Corp. DAN $21.17 $0.31 +1.49%
Eaton Corp. ETN $72.64 $0.49 +0.68%
General Electric GE $26.89 $0.13 +0.49%
Goodyear Tire & Rubber GT $25.20 $0.09  +0.36%
Navistar International Corp. NAV $37.93 $0.66 +1.77%
PACCAR Inc. PCAR $63.98 $0.48 +0.76%
Ryder R $82.18 $1.03 +1.27%

SOURCE: Yahoo! Finance

 
 

Money Matters

PACCAR Inc. first quarter net sales and financial services revenues were $4.38 billion compared to $3.92 billion reported in the same quarter in 2013.  The company earned $273.9 million for the first quarter of 2014 compared to $236.1 million a year earlier.  FULL STORY


Allison Transmission Holdings Inc. has reported net sales for the quarter of $494 million, an 8 percent increase from the same period in 2013.
FULL STORY  


Rush Enterprises, Inc. first quarter of 2014 had gross revenues that totaled $958.7 million, a 26.7% increase from gross revenues of $756.8 million reported for the first quarter of 2013.
FULL STORY

Dana Holding Corporation sales were $1.688 billion for the first quarter of 2014, compared to $1.676 billion for the same period in 2013. FULL STORY


 

News From TRALA 

 
TRALA Equipment and Technology Advisory Council Informational Webinar on Proposed Electronic Logging Device Rule

On Wednesday, May 7, 2014 at 2 PM EDT, TRALA's Equipment and Technology Advisory Council is hosting a webinar on the proposed Electronic Logging Device rule.  TRALA will be joined by J.J. Keller & Associates, Zonar Systems and PeopleNet, to provide everyone with the information you need to know.

You will learn what the rule means for you and how to be in compliance.  You will also learn about compliance issues specific to the renting and leasing industry.

Click here for the webinar participant instructions. Please contact TRALA's Brian Hefner at bhefner@trala.org if you have any questions.