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Truck Renting and Leasing Association

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EnRoute - August 28, 2013


Top Stories

The Federal Motor Carrier Safety Administration (FMCSA) has published a final rule on the new Unified Registration System. The new system is expected to increase efficiency by streamlining the registration process for industry and enabling FMCSA to maintain more accurate information on the entities it regulates. FULL STORY
 
 
In the August 20th edition of the Federal Register, The National Highway Traffic Safety Administration (NHTSA) published a final rule that is amending provisions of the early warning reporting (EWR) rule and the regulations governing motor vehicle and equipment safety recalls. FULL STORY
 
A $19 million truck voucher incentive program has been unveiled in the state of New York to encourage the purchase of battery-electric commercial trucks as well as other energy-efficient transportation, including hybrid and compressed natural gas (CNG) trucks. FULL STORY
 
According to StateNet, they predict lawmakers could craft more than 92,000 bills in their state capitals and in the U.S. Congress. This is expected to be less than 2013 since four states, Montana, Nevada, North Dakota and Texas, only meet during odd-numbered years. FULL STORY

 

Technology Trends

The Virginia Tech Transportation Institute (VTTI) conducted research that indicates that fleets can greatly reduce the risk associated with driver drowsiness and fatigue through the use of multiple technologies within the cab. FULL STORY
 
Commercial Vehicle Group Inc.'s Sprague Devices brand is introducing a new line of all-makes wiper motors to the Class 6-8 truck aftermarket. Sprague's new line of replacement wiper motors is of Original Equipment quality and exceeds SAE's J198 standards for truck wiper systems. FULL STORY
 
The Goodyear Tire & Rubber company offers a new app, The Goodyear RoadService App. The new app expedites the emergency road service call process in order to help get trucks up and running again quickly. FULL STORY
 


Briefly

Cummins Inc. recently celebrated the production of the 1.5 millionth engine at its Jamestown Engine Plant (JEP) in Jamestown, NY. The JEP remains one of the company's largest manufacturing facilities, as it accounts for 12 percent of Cummins total engine production in 2012. . .U.S. Veterans Magazine has named Enterprise Holdings as a top veteran-friendly company. According to Enterprise, veterans make up almost 10 percent of the company's total U.S. workforce. . .Continental Tire the Americas, LLC's Commercial Vehicle Tire group, Detroit Diesel Corporation,  Alcoa Wheel and Transportation Products and Snider Fleet Solutions have announced a cooperative sponsorship of the Remembrance Rescue Project. Under the sponsorship, Continental will continue providing replacement truck tires for the Remembrance Rescue Project; Detroit, the manufacturer of the original Series 60 engines in the Project's two rescue trucks, is providing a multi-year donation of engine maintenance funds for the Project; Alcoa Wheels is providing new heavy duty forged aluminum wheels with their patented Dura Bright surface treatment; and Snider Fleet Solutions is offering installation of the new Alcoa wheels as well as mounting and balancing of the new Continental truck tires. . .Eaton has added a Spanish speaking virtual spokesperson, Jose Santos, to assist current and prospective customers with a wealth of information on the company's lineup of UltraShift Plus automated transmissions. . .Ryder System, Inc. has recently opened a state-of-the-art maintenance and rental facility in White River Junction, Vermont. The new facility provides state of the art maintenance and rental services for commercial vehicle fleets. . .Michelin North America, Inc. will continue providing tires to Yellowstone National Park by renewing its commitment to the Yellowstone Park Foundation (YPF). Since 2008, Michelin has donated more than 1,400 tires to help equip Yellowstone National Park's fleet of 800 vehicles, which includes everything from patrol cars and garbage trucks to giant earthmoving vehicles, rotary snow plows and large load-hauling tractor trailers. . . Western Star has unveiled a new website, www.WesternStar.com, which is designed to be easier to navigate, with improved access to information. . .Avis Budget Group Inc. has been honored by USAA with their “Military Community Supporter Award,” which is presented to the supplier who has programs, initiatives, community involvement, activities and/or policies that focus on veterans, military spouses, and/or National Guard/Reserve service members.
 

 
 

People

 
 
J.J. Keller and Associates, Inc. has hired Dr. Andrea Sitler, PhD and Jose Elizarraraz as Safety Consultants. . .Mike Randolph has been promoted to vice president of national accounts for North America with Volvo Trucks. Randolph succeeds Herb Broadmeadow, who will retire at the end of the year after 36 years with Volvo Trucks. . .Sanjiv Khurana will be taking over as Detroit Reman's president, as well as assuming overall responsibility of DTNA's remanufacturing activities. Current Detroit Reman president, Stefan Kurschner, will transition into a new role as president and CEO of Daimler Vehiculos Comerciales Mexico.
 

 
 
 

Taking $tock

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

Company Symbol (Click for Chart) 08/28 Close Performance
Allison Transmission Holdings ALSN $22.39 $0.06 +0.27%
Avis Budget Group Inc. CAR $27.36 $0.09 +0.33%
Cummins Inc. CMI $122.76 $0.73 +0.60%
Dana Holding Corp. DAN $21.07 $0.05 +0.24%
Eaton Corp. ETN $63.81 $0.23 -0.36%
General Electric GE $23.20 $0.02 +0.09%
Goodyear Tire & Rubber GT $19.84 $0.83  +4.37%
Navistar International Corp. NAV $34.33 $0.89 +2.66%
PACCAR Inc. PCAR $53.96 $0.40 +0.75%
Ryder R $56.28 $0.81 -1.42%

SOURCE: Yahoo! Finance

 

Money Matters

Bridgestone Corp. posted net income of 117 billion yen on net sales of 1.7 trillion yet for the first half ended June 30, 2013. That compares to income for 75.2 billion yen on sales of nearly 1.5 trilling yen for the same period last year. FULL STORY
 
 

 


 

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