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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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EnRoute - December 10, 2015

TOP STORIES

The Federal Motor Carrier Safety Administration (FMCSA) has rolled out its long-awaited final rule mandating the use of electronic logging devices (ELD) by commercial motor vehicle operators to record hours of service (HOS) data. FULL STORY
 

TOP STORIES

The first long-term national transportation spending package in a decade was signed into law by President Obama with just hours to spare before the scheduled expiration of the nation's road and transit spending. FULL STORY
 
The Financial Accounting Standards Board (FASB) has voted in principle put lease obligations on the balance sheet and as a result prompting questions on how the change would affect a company's ability to borrow money, its financial statements and the accounting of closed- and open-end leases.
FULL STORY

TECHNOLOGY TRENDS

The National Highway Traffic Safety Administration (NHTSA) has issued a notice of proposed rulemaking that would require “more robust” rear impact guards on trailers and semitrailers. FULL STORY
 
Ryder System, Inc. has launched its new Ryder Fuel Receipt mobile app that will make it easier for its commercial rental customers in North America to stay compliant with required interstate fuel tax reporting documents. FULL STORY
 
J.J. Keller is sharing a whitepaper to help fleets cope with the new electronic logging device (ELD) mandate. FULL STORY
 
FleetOwner Magazine released a Confidence Report on downspeeding that presents a full view of the technology, see what products were on the market, and confirm benefits and challenges. FULL STORY

 

Briefly

CARRIER TRANSICOLD made a gift of $10,000 to the Food Bank of Northeast Georgia.  The gift will provide approximately 60,000 meals to people in the 14-county region served by the organization. . .VOLVO TRUCKS names M&K TRUCK CENTERS as the 2015 North American Dealer of the Year. . .VIGILLO has announced the Carrier Select will continue to provide CSA scores that its carrier customers can opt-in to share. . .The MACK TRUCKS Historical Museum is celebrating the holidays with one of the most famous Mack models ever built: Evel Knievel's 1974 Mack FS786LST model show truck. . .KENWORTH has successfully delivered the U.S. Capitol Christmas Tree, which was lit in a ceremony on the Capitol's west lawn. . .RYDER MEXICO has been recognized by Mexico's Ministry of Environment and Natural Resources (SEMARNAT), for its commitments to sustainability and its leadership in the Clean Transportation program. . .HINO TRUCKS has announced custom color paint options for all conventional trucks beginning with 2017MY. . .MAXIM TRUCK & TRAILER held its 15th annual charity pancake breakfast and raised $20,000 for the Christmas Cheer Board of Winnipeg, an organization that helps families receiving Provincial Assistance as well as many of the working poor.
 
 

PEOPLE

YUJIRO KANAHARA has been named president of Nippon Goodyear. . .EMILY WILLIAMS has joined Hercules Manufacturing Company as an Administrative Assistant in Human Resources, Purchasing and Payroll. . .Cargotec Corp. has appointed DR LASSE ERIKSSON as Vice President, Digitalization. . .Goodyear Tire & Rubber Company will combine its North America and Latin America businesses into one Americas business unit effective January 1, 2016. The Americas business unit will be led by STEPHEN R. MCCLELLAN, currently President of Goodyear's North American business; MARCELO TOSCANI, currently Vice President of global manufacturing, will serve as president of the company's Latin America operations and report to McClellan; and JEAN-CLAUDE KIHN has been named president of its Europe, Middle East and Africa business. . .The Truckload Carriers Association has named JOHN LYBOLDT as the association's new president.
 
 

TAKING STOCK

A look at truck transportation-industry Fortune 500 public companies:
 
Company Symbol 12/10 Close Performance
Allison Transmission Holdings ALSN $25.85 $0.13 -0.50%
Avis Budget Group Inc. CAR $35.55 $0.87 +2.51%
Cummins Inc. CMI $90.16 $0.24 +0.27%
Dana Holding Corp. DAN $14.44 $0.23 -1.57%
Eaton Corp. ETN $52.14 $0.53 -1.01%
General Electric GE $30.65 $0.18 +0.59%
Goodyear Tire & Rubber GT $33.41 $0.08 -0.24%
Navistar International Corp. NAV $9.37 $2.14 -18.59%
PACCAR Inc. PCAR $48.88 $0.04 -0.08%
Ryder R $57.98 $0.25 +0.43%


SOURCE: Yahoo! Finance

MONEY MATTER$

BMO Financial Group and its subsidiary BMO Harris Bank N.A. has announced the completion of the acquisition of General Electric Capital Corporation's Transportation Finance business. FULL STORY
 
 

TRALA IN THE NEWS

New Welcomes Business Tuners
 
Please welcome our newest Associate Member, Business Tuners, LLC, based in Doylestown, Pennsylvania. Business Tuners offers business consulting to trailer rental and leasing companies.  Scott Nelson, the former CEO and CFO of a national trailer rental and leasing business, provides expertise on business optimization, growth and capital needs in the over the road trailer segment.