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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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EnRoute - June 25, 2013


Top Stories

 
The U.S. Court of Appeals for the Fourth Circuit has affirmed a lower court decision that the National Labor Relations Board (NLRB) went too far when it required employers to post a notice of employee rights to unionize. The decision issued on June 14 affirms a ruling from the District Court of South Carolina and a ruling issued on May 7 by the U.S. Court of Appeals for the District of Columbia Circuit. FULL STORY 
 
The U.S. Department of Transportation (DOT) anticipates publishing a proposal to mandate electronic onboard recorders (EOBRs) and requirements for hours-of-service supporting documents November 18, 2013. FULL STORY 
 
The House Subcommittee on Border and Maritime Security held a hearing on the future of the TWIC program on Tuesday, June 18. Lawmakers peppered the panel of witnesses wanting to know if the program has any measured success in protecting the ports. FULL STORY
 
A new study funded by CARB and led by Veerabhadran Ramanathan of the Scripps Institute of Oceanography at the University of California, San Diego, estimates that reductions in black carbon as a result of clean air regulations were equivalent to reducing carbon dioxide emissions in California by 21 million metric tons annually. FULL STORY
 
 

Technology Trends

Zonar has unveiled the V3R platform, a new rugged telematics platform for work truck fleets and construction equipment which provides vehicle tracking combined with operating information for vehicles that work in harsh conditions. FULL STORY
 
New data compiled by R.L. Polk and Company reports that more than 28% of all trucks registered in the United States are now equipped with advanced new technology clean diesel engines. FULL STORY
 
 


Briefly

Groupe Michelin  and PT Petrokimia Butadiene Indonesia (PBI) have signed an agreement to create a joint venture company to produce synthetic rubber for tires. . .Daimler Trucks North America has launched a new careers app for those interested in pursuing career with the manufacturer. The free app is currently only offered for iOS products, however the company plans to expand the app to other platforms in the future. . .Bendix Commercial Vehicle Systems  will open an onsite healthcare center at its Huntington, IN manufacturing complex. Bendix Huntington employees will have workplace access to total population health management, including primary care, health assessments, health coaching, and disease management. . .Penske Truck Leasing announced the debut of a $4.2 million Davenport, IA state-of-the-art location. . .Kenworth Truck Company's assembly plant in Renton, WA, has been recognized as “One of the Best Workplace for Commuters” by the National Center for Transit Research. . .The Goodyear Tire & Rubber Company has been ranked as one of the top workplaces in northeast Ohio by Workplace Dynamics.
 
 

People

the company's founder. . .Joseph Gallick has been named vice president of dedicated services for NationaLease. . .Johnson Refrigerated Truck Bodies has named Luke Chilson as regional sales manager in the Eastern U.S.. . .Damon Audia will assume interim responsibility for investor relations in addition to his current role as senior vice president, business development for Goodyear Tire & Rubber Company. Audia takes over responsibility from Gregory A. Fritz who has left the company to pursue other opportunities.

 
 

Taking $tock

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

Company Symbol (Click for Chart) 06/25 Close Performance
Allison Transmission Holdings ALSN $22.50 $0.23 +1.03%
Avis Budget Group Inc. CAR $28.60 $0.71 +2.55%
Cummins Inc. CMI $107.44 $1.50 +1.42%
Dana Holding Corp. DAN $17.52 $0.41 +2.40%
Eaton Corp. ETN $63.15 $0.96 +1.54%
General Electric GE $23.11 $0.18 +0.78%
Goodyear Tire & Rubber GT $14.71 $0.47  +3.26%
Navistar International Corp. NAV $27.94 $1.32 +4.96%
PACCAR Inc. PCAR $51.88 $0.74 +1.45%
Ryder R $60.36 $1.51 +2.57%

SOURCE: Yahoo! Finance

 



News From TRALA 

FASB/IASB Exposure Draft Webinar Contents Available on TRALA's Website

On May 30, TRALA held an informational webinar regarding the revised FASB and IASB Exposure Draft containing new proposed standards for lease accounting that was released on May 16, 2013. Bill Bosco, Principal of Leasing 101 and Tom James, President and CEO of TRALA, informed the membership of TRALA what the new standards mean for truck lessors and their customers.  Click here for the presentation with audio.  A copy of the revised Exposure Draft can be found here.