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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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EnRoute - September 22, 2016

TRALA IN THE NEWS - ACT Research conducted the industry-wide survey of all TRALA members, and compiled the aggregate totals to illustrate the size and scope of the U.S. truck renting and leasing industry. These results demonstrate the importance and impact that the industry as a whole has on the overall economy. FULL STORY

TRALA IN THE NEWS

Red Bridge Capital is the newest Associate Member of the Truck Renting and Leasing Association and they are an alternative finance fund.  They provide capital to lessors to grow a portfolio and increase incremental revenue. FULL STORY

 

TOP STORIES  

The Obama Administration has unveiled its new Federal Automated Vehicles Policy which is designed in its words to "help facilitate the responsible introduction" of autonomous vehicles to "make transportation safer, cleaner, more accessible, and more efficient." FULL STORY

The Federal Motor Carrier Safety Administration (FMCSA) has issued a final rule to amend the safety regulations (FMCSRs) to allow their voluntary mounting, including placement within the area that is swept by the windshield wipers. FULL STORY

The U.S. House of Representatives Committee on Energy and Commerce is urging the National Highway Traffic Safety Administration to develop a plan of action addressing vehicle hacking. FULL STORY

Mobile maintenance is just another way to help fleets operate with minimal disruptions or delays in their operations. FULL STORY  


 

TECHNOLOGY TRENDS

Thermo King has introduced the SLXi platform of single- and multi-temperature trailer refrigeration units, developed with a focus on unit intelligence, communication, fuel consumption and temperature management. FULL STORY

The Bendix ADB22X-LT is the first Bendix air disc brake engineered specifically for trailers and is now available in North America. Utility Trailer Manufacturing Company will be the first trailer builder to offer the new air disc brake. FULL STORY

Through its Kidron and Hackney brands, VT Hackney is releasing the ColdSled commercial cooler.  FULL STORY



 

BRIEFLY

ELEMENT FINANCIAL'S separation plan received nearly unanimous approval at a special meeting of shareholders with 99.52% voting in favor of the plan to split the company into two separate entities. . .The United States Postal Service has provided notification that VT HACKNEY is one of a select group of companies awarded a prototype contract under the Next Generation Delivery Vehicle (NGDV) Acquisition Program. . .PACLEASE and COMDATA have re-invented their fuel card.  The newly branded fuel card PacFuel leverages the Comdata proprietary network and is accepted at all major truck stops, service centers and several independent stations. . .PENSKE TRUCK LEASING has launched a new, updated website, www.pensketruckleasing.com, that provides valuable information about its full-service leasing and contract maintenance services. . .J.J. KELLER & ASSOCIATES, INC. and Geotab have a new partnership to offer a solution to combining Geotab's telematic solutions and J.J. Keller's electronic logging solution.  This partnership provides a powerful solution for fleets seeking in-cab technology that combines telematics and compliance. . .International transportation and business attorney John N. Hove, current partner in the Dallas/Fort Worth office of SCOPELITIS, GARVIN, LIGHT, HANSON & FEARY, will establish the Scopelitis Firm's newest office in Tulsa, Oklahoma. . .RYDER SYSTEM, INC.  has been recognized by the American Red Cross for supporting the Annual Disaster Giving Program.  Ryder is also mobilizing its employees across North America to participate in National Preparedness Month (September) as the Company leverages this opportunity to promote and increase awareness around the importance of safety and disaster preparedness. 


 


PEOPLE

Meritor has named DEAN STRATTON as the company's regional director of field sales and services for Canada. . .RUSTY DUCKWORTH  has been promoted to chief financial officer for the American Trucking Associations. . .PAM NICHOLSON, the CEO and president of Enterprise Holdings, has been recognized in Fortune magazine's 2016 list of the "Most Powerful Women in Business."




 

TAKING STOCK

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

Company

Symbol

9/22 Close

Performance

Allison Transmission Holdings

ALSN

$28.00

$0.24

+0.86%

Avis Budget Group Inc.

CAR

$38.44

$0.26

+0.68%

Cummins Inc.

CMI

$121.92

$1.00

+0.83%

Dana Incorporated

DAN

$15.50

$0.28

+1.84%

Eaton Corp.

ETN

$64.09

$0.36

+0.56%

Goodyear Tire & Rubber

GT

$32.42

$0.37

+1.15%

Navistar International Corp.

NAV

$22.18

$0.27

-1.20%

PACCAR Inc.

PCAR

$58.45

$0.67

+1.16%

Ryder

R

$64.56

$0.19

+0.30%


SOURCE: Yahoo! Finance

MONEY MATTERS

The California Energy Commission (CEC) approved a $1 million grant to develop a 12-liter natural gas engine for heavy-duty vehicles that produces near-zero nitrogen oxide tailpipe emissions. FULL STORY



 

TRALA ANNOUNCEMENTS

TRALA Industry Scholarship Application Information 
TRALA members and their dependents are invited to apply for TRALA's Industry Scholarship.  We're moving our industry forward by awarding up to four-$2,500 scholarships to qualified applicants. Applications can be submitted by November 1, 2016 for consideration.  Visit our website for details: www.trala.org.