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Truck Renting and Leasing Association

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EnRoute - April 29, 2015



Top Stories

U.S. Senator Rand Paul (R-KY) and Senator Barbara Boxer (D-CA) have introduced “Invest in Transportation Act”, S981, which would create a tax break for U.S. companies that bring their earnings back and reinvest it in transportation. The current tax rate on repatriated funds is 35 percent.  The legislation would offer a one-time tax rate of 6.5 percent as long as the companies agree to invest it in U.S. transportation. FULL STORY

 

The Federal Motor Carrier Safety Administration (FMCSA) has provided a list of key FMCSA rules by order of their rulemaking stage and projected timeframe. FULL STORY

 

Right Management has conducted a new global career survey of workers and according to the findings, enjoyment on the job often trumps pay, but that does not mean that pay is a non-factor. FULL STORY

 
 
 

Technology Trends

Ryder System Inc. has launched several new mobile apps for tablets that Ryder employees can use to making renting a commercial truck from Ryder easier and more convenient. FULL STORY

Peterbilt has launched a new remote diagnostic system, SmartLinq, which provides customers with real-time fleet health information to alert fleet managers to vehicle problems and held them manage service. FULL STORY

Mitsubishi Fuso Truck of America has a new Canter FE160 delivery truck which is a class 4 medium-duty work truck outfitted with a Morgan Maximizer van body. FULL STORY 

  


Briefly

NationaLease has announced an agreement with Decisiv to provide its customers with fleet tracking and reporting capabilities.  The maintenance platform will be called NationaLease Fleet 20/20 and will be available to all NationaLease members and customers. . .Goodyear Tire & Rubber Company  has announced it will build its new consumer tire plant in San Luis Potosi, Mexico.  The new plant will be a base to support future growth and will produce 6 million tires a year. . .Bridgestone Americas Inc. has received the 2015 Edison Gold Award for Innovation in Automotive Solutions for it is work aimed at diversifying the world's natural rubber supply using rubber derived from guayule, a woody desert shrub native to the Southwestern U.S. and Mexico. . .Penske Truck Leasing  has been given the Clean Air Excellence Award, in the Clean Air Technology category, by the U.S. Environmental Protection Agency (EPA).  As one of seven 2015 winners, Penske is the only corporation. . .Continental Tire the Americas LLC Sumter, South Carolina tire production facility recently attained status as a “zero landfill” plant in its first year of production. . .Kalmar Ottawa and Orange EV are collaborating on a zero-emission, electric terminal tractor. . .Volvo Group Venture Capital, a subsidiary of the Volvo Group, has invested in Peloton Technology, which is developing a truck “platooning” system, which would allow trucks to save fuel by traveling in a close-following, semi-autonomous “platoon” on the highway.

 

 

 

 

People 

 

Marcio Pedroso has been named the new president of Volvo Financial Solutions for the region of AmericasDaimler Trucks North America has named Henning O. Bruns as the new general manager of its truck manufacturing plant in Cleveland, North Carolina. . .Double Coin and CMA has hired Rico Austin as regional sales manager for the Southwest region and Bill Telefonow  as regional sales manager for the Canada region. . .Transportation attorney Jacob R. Fisher has joined the law firm of Scopelitis, Garvin, Light, Hanson & Feary.

 

 

 

 

 

 

 

Taking $tock

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

Company Symbol (Click for Chart) 4/29 Close Performance
Allison Transmission Holdings ALSN $30.62 $0.27 -0.87%
Avis Budget Group Inc. CAR $54.84 $0.14 -0.25%
Cummins Inc. CMI $138.03 $0.78 +0.57%
Dana Holding Corp. DAN $21.81 $0.04 +0.18%
Eaton Corp. ETN $69.54 $0.93 +1.36%
General Electric GE $27.09 $0.03 -0.11%
Goodyear Tire & Rubber GT $28.34 $1.13  +4.15%
Navistar International Corp. NAV $30.15 $0.25 +0.84%
PACCAR Inc. PCAR $66.26 $0.64 -0.96%
Ryder R $97.11 $0.89 +0.91%

SOURCE: Yahoo! Finance

 
 

Money Matters

Dana's net income for the first quarter of 2015 improved to $63 million, an increase of 85 percent over the same period in 2014. FULL STORY

 

Paccar Inc. has reported first quarter earnings of $378.4 million, a 38 percent gain from the same time a year ago and net sales and financial services revenue increased 10 percent to $4.83 billion. FULL STORY

 

Goodyear Tire & Rubber Company North America segment set first quarter earnings record of $198 million, an increase of 27 percent from the same quarter in 2014. FULL STORY

 

Strong customer demand for medium-duty work trucks boosted Supreme Industries, Inc. to report that first quarter net income from continuing operations increased to $1.9 million, compared with $200,000 in 2014.  FULL STORY

 

Rush Enterprises, Inc. has announce the company's first quarter for 2015 net income was $16.8 million, up 40 percent from net income of $12.0 million in the first quarter of 2014. FULL STORY

 

Cummins first quarter profit increased 14 percent from the same time a year ago, totaling $387 million.  Revenue for the company totaled $4.7 billion, a 7 percent increase from the same quarter in 2014. FULL STORY

 

 

 

 

 

News From TRALA 

 
TRALA Welcomes New Associate Member and Announces One Year TRALA Membership Anniversaries

Please take a moment to welcome the following company as a new TRALA associate member:

Ally Financial - Washington, D.C.

TRALA would also like to congratulate two associate member companies on their one year anniversaries as TRALA members. If you have any questions, please contact TRALA's LaTisha Thomas at
lthomas@trala.org

Fort Wayne Auto Truck Auction – Fort Wayne, IN

Williams & Stazzone Insurance Agency, Inc. – Cocoa Beach, FL