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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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EnRoute - April 13, 2017

TRALA IN THE NEWS - During TRALA's 2017 Annual Meeting, two industry experts shared their perspectives on how the commercial truck is being reshaped by technology and political policies. FULL STORY




TRALA IN THE NEWS

The Federal Motor Carrier Safety Administration (FMCSA) has announced a meeting to discuss the technical specifications for the Electronic Logging Device Rule (ELD).  The focus of this meeting will be to discuss how to help ELD manufacturers produce ELDs that will comply with the ELD rule.  FULL STORY

On April 7, 2017 TRALA-requested legislation was introduced in the Wisconsin state Senate and Assembly to address an ongoing concern for TRALA members that rent consumer vehicles in the state.  FULL STORY



 

TOP STORIES

U.S. Congressman DeFazio (D-OR) has introduced a transportation infrastructure bill that would increase the gasoline and diesel tax by about a penny to provide about $500 billion in funding to rebuild U.S. roads, bridges and transit systems. FULL STORY  


 

TECHNOLOGY TRENDS

Penske Truck Leasing has established an onboard technology consulting group within its existing operations. FULL STORY

Eaton and Cummins have announced a join venture for automated transmissions for heavy-duty and medium-duty commercial vehicles. FULL STORY

Bestpass has added a new program, Leased Equipment Toll Solution (LETS), that allows users of leased equipment to transfer toll-payment transponders between vehicles, as well as simplify rebilling from lessor to lessee. FULL STORY



 

BRIEFLY

CARRIER TRANSICOLD announced a program funded by a $150,000 grant from parent United Technologies Corp. to donate truck and trailer refrigeration units to individual food banks in the Feeding America network. . .UTILITY TRAILER MANUFACTURING CO. has exceeded  production milestones by manufacturing over 250,000 refrigerated vans in Utah and its Paragould, Arkansas dry van manufacturing plant has manufacturing its 150,000th dry van. . .PRESSURE SYSTEMS INTERNATIONAL (P.S.I.) has announced its acquisition of tire pressure monitoring system company Truck Systems Technologies (TST). . .BANDAG, a part of BRIDGESTONE AMERICAS, is marking its 60th anniversary with the launch of a new global campaign designed to reinvigorate the retread company.  Called "Built for Better," the platform is said to unite the Bandag brand globally and position retreads as an innovative sustainable business solution for fleet customers of any size. . .PEOPLENET is the first fleet management provider to offer a connection to 4G Long-Term Evolution (LTE) networks, now available through its PeopleNet ConnectecdFleet platform. 

 


PEOPLE

ROGER NIELSEN has been named President and CEO of Daimler Trucks North America. He replaced MARTIN DAUM who move up to become a member of the board of management and head of Daimler Trucks and Buses at DTNA's parent company, Germany's Daimler AG. . .Karmak has hired JOHN PACIONE as president/CEO of the company. . .JOAO FARIA has been appointed president of Eaton's vehicle group effective May 1.  He succeeds KENNETH DAVIS who announced he will retire August 1. . .STEPHEN LASKOWSKI has officially taken over as president of the Canadian Trucking Alliance (CTA). He replaces long-time president DAVID BRADLEY, who will step down at the end of this year. . .DEREK KAN of Lyft Inc. was nominated by President Trump to become the Undersecretary of Transportation for Policy if confirmed by the U.S. Senate, Kan would oversee executive and congressional directives for Transportation Secretary Elaine Chao.


 

TAKING STOCK

A look at truck transportation industry Fortune 500 public companies.
 

Company

Symbol

4/13 Close 

Performance

 

Allison Transmission Holdings

ALSN

$34.13

$0.53

-1.53%

Avis Budget Group Inc.

CAR

$27.76

$0.12

-0.43%

Cummins Inc.

CMI

$144.57

$2.35

-1.60%

Dana Incorporated

DAN

$17.57

$0.15

-0.85%

Eaton

ETN

$73.51

$0.73

-0.98%

Navistar International Corp.

NAV

$22.89

$0.25

-0.73%

PACCAR Inc.

PCAR

$64.63

$1.02

-1.55%

Ryder System, Inc.

R

73.60

$0.91

-1.22%

 


 

NUMBERS   

President Trump has unveiled an outline for his "America First" proposed budget for 2018 which requests $16.2 billion for the DOT's discretionary budget.  The cuts mostly affect air and mass transit transportation, but also include the elimination of funding for DOT's TIGER grants. FULL STORY

Ryder System, Inc. has donated $30,000 to Florida International University in support of educational programs in Washington, D.C. FULL STORY

ACT Research reported orders for Class 5-8 trucks rose to a 16-month high in the month of March with preliminary net orders rising to 47,300 units, a 19% improvement year-over-year. FULL STORY  




 

TRALA ANNOUNCEMENTS 

Thank you to everyone who attended TRALA's 39th Annual Meeting which was held April 2-5 at the Hyatt Regency Coconut Point Resort and Spa in Bonita Springs, Florida.  TRALA is providing links to the presentations that took place at TRALA's Annual Meeting during Monday's Equipment and Technology Advisory Council (ETAC), and Tuesday's General Assembly and Business Sessions.  Click here to access the documents.

If you have any questions, please do not hesitate to contact a member of the TRALA staff at (703) 299-9120.