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Truck Renting and Leasing Association

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EnRoute - January 14, 2016

TOP STORIES

TRALA has completed a new industry survey and has reported that  its membership is responsible for a quarter of all Class 2-8 commercial trucks on the road. FULL STORY
 

TOP STORIES

The International Accounting Standards Board (IASB) has issued a new rule that will require companies outside the U.S. to add a substantial amount of leases to their balance sheets. The rule change coincides with the rule change announced by the FASB at the end of 2015. FULL STORY
 
Fines are now in effect for carriers trucking goods into Canada that fail to comply with the country's eManifest system. FULL STORY
 
The Federal Motor Carrier Safety Administration has withdrawn a notice of proposed rulemaking that would have required a commercial motor vehicle to display a label attesting that it was compliant with Federal Motor Vehicle Safety Standards when it was manufactured. FULL STORY



TECHNOLOGY TRENDS

EverTough by Eaton is a new self-adjusting clutch that has been introduced to the company's lineup of aftermarket products. FULL STORY
 
J.J. Keller & Associates, Inc. will be holding more than 80 seminars in nearly 40 states during 2016. These complimentary events will help explain the requirements of the ELD rule and how it impacts the Hours of Service regulations, and introduce ELD technology to comply with the rule. FULL STORY
 
Hino Trucks has partnered with Decisiv to enable communication and collaboration between fleets and dealers for service and repair events on Hino trucks. FULL STORY
 
Hendrickson elevates global website portfolio with new responsive web designs. The responsive website pages resize themselves depending on which device they are being displayed on. FULL STORY



BRIEFLY

MACK TRUCKS has signed off on the use of renewable diesel fuel in all Mack engines. . .PENSKE TRUCK LEASING announces the opening of its new 14,000 square-foot state-of-the-art facility in Norton, MA.  The 6.2 acre location employs 25 associates and maintains over 450 vehicles on-site. . .CUMMINS has received GHG17 certification and will offer engines in 2017 that will be 2.5-7.5% more fuel-efficient than the 2013 ISX15. . .TALLMAN GROUP has announced the purchase of TANDET NATIONALEASE'S lease fleet.  The deal closed December 31, 2015 and makes TALLMAN IDEALEASE one of Canada's largest privately-owned truck leasing firms. . .KENWORTH's PACCAR factory in Ste-Therese, Quebec recently produced its 150,000th truck, a Kenworth T370, make for long-time customer Pierce Manufacturing. . .KALMAR will deliver 60 Kalmar Ottawa T2 off-highway terminal tractors to Rail Manufacturing Services in USA. . .CERVUS EQUIPMENT has opened a new Peterbilt dealership in Barrie, Ontario.
 
 

PEOPLE

STEPHEN NOBLE is the new vice-president, manufacturing, vehicle group for Eaton. . .Bridgestone Americas has appointed GARY NYE as director of operations for the company's Bandag retread business. . .Hercules Manufacturing Company has hired JUSTIN WILSON as a Parts Sales  and Repairs Representative and KAMERON CANTLEY has joined the company as a co-op/intern for the Production Department. . .BENOIT de la TOUR has been appointed President, Navis and the head of software business in Kalmar. . .Canadian Trucking Alliance and Ontario Trucking Association president and CEO DAVID BRADLEY will step down at the end of 2017, after more than 30 years in the position.


TAKING STOCK

A look at truck transportation-industry Fortune 500 public companies:
 
Company Symbol 1/14 Close Performance
Allison Transmission Holdings ALSN $23.56 $0.09 +0.38%
Avis Budget Group Inc. CAR $26.91 $0.28 -1.03%
Cummins Inc. CMI $86.68 $1.78 +2.10%
Dana Holding Corp. DAN $11.63 $0.02 -0.17%
Eaton Corp. ETN $48.32 $0.11 -0.23%
General Electric GE $29.06 $0.82 +2.90%
Goodyear Tire & Rubber GT $28.41 $0.72 +2.60%
Navistar International Corp. NAV $6.75 $0.07 +1.05%
PACCAR Inc. PCAR $45.71 $1.42 +3.18%
Ryder R $50.37 $0.40 +0.80%


SOURCE: Yahoo! Finance
 

MONEY MATTER$

A new report on Global Markets for Specialty Commercial Vehicles shows that the global market for vocational commercial vehicle bodies and cab & chassis OEMs is projected to grow at the compound annual growth rate of 4.1% from $67.6 billion in 2015 to $82.6 billion by 2020. FULL STORY
 
Isuzu Commercial Truck of America has beaten two long-standing sales records in 2015, one for sales of Isuzu Commercial Trucks and the other for the highest parts sales. FULL STORY

 
 

TRALA ANNOUNCEMENTS

Register Today for TRALA's 2016 Annual Meeting
 
Registration is open for TRALA's 2016 Annual Meeting.  The event will take place at the Fairmont Scottsdale Princess in Scottsdale, Arizona from April 17 to April 20. Click here for the registration link.  Once completed, make sure to book your reservations directly with the Fairmont Scottsdale Princess, https://aws.passkey.com/event/14384244/owner/12564/home

If you have any questions or concerns, please contact TRALA's Shannon Davison at sdavison@trala.org.