EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, February 7, 2007
Top Stories
-
The American Transportation Research Institute (ATRI) has issued a new report identifying 34 different state, district, county and city regulations that have established idle limits for commercial vehicles. FULL STORY
The truck tractor stopping distance rule is expected to be finalized by the National Highway Traffic Safety Administration (NHTSA) by March 2007. FULL STORY
-
Nitrogen tire inflation still continues to show the same advantages it has for years, but there is still the question of whether it can provide a return on investment. FULL STORY
-
Illinois Governor Rod Blagojevich signed legislation last fall that would allow Illinois employers to earn a tax creditof up to $600 for every qualified veteran they hire. FULL STORY
Technology Trends
Web-based fleet maintenance management tools that provide real-time data on the tire pressure and tread depth have been introduced by Alcoa Wheel Products. FULL STORY
SkyBitz has partnered with STEMCO to offer mileage readings in conjunction with real-time trailer tracking for commercial fleets and trailer leasing companies. FULL STORY
Yokohama has launched the 703ZL commercial truck tire, which is part of the Z.environment line that uses high technology to make tires that cause less of an environmental impact. FULL STORY
Fault Code Monitoring and OBD-II are two major enhancements that have been made to PeopleNet's Performx Vehicle Management Platform. FULL STORY
Briefly
The Defense Supply Center (DSC-C) has awarded Michelin Americas Truck Tires the 10 year $1.7 billion contract to provide ground tires for every type of wheeled vehicle for all United States military branches around the world. . .Hertz Equipment Rental Corp. has added 24 general rental locations in 2006 as part of its planned expansion in the line of equipment rental. . . DaimlerChrysler Financial Services Americas LLC and Freightliner LLC donated a mini-fleet of three 2007 trucks with 18-foot refrigerated van bodies to the non-profit organization, Forgotten Harvest. . .Bridgestone Firestone has inaugurated its second plant in Brazil, which will make passenger and light truck tires. . .J.J. Keller & Associates has introduced the OSHA Standards for Construction Handbook. . .Ruan Transportation Management Systems has acquired Jim Aartman, Inc, a California trucking company. . .Goodyear Tire & Rubber Co. and NASCAR have signed an extended agreement for Goodyear to continue as the exclusive tire used in NASCAR’s top three racing series for the next five years.
People on the Move
David Bouchard has been promoted to senior vice president and general manager of international operations for logistics and equipment leasing for Ryder System. . .FleetOne has promoted Glen Sanginario to group vice president of financial operations and David Rewers to group vice president of fleet sales. . .Pedro Ferro has been named president of Webb Wheel. . .The Holland Group, Inc. has hired Ken Hurst as the vice president of operations for Holland USA. . .Goodyear Tire & Rubber Co. has promoted Charles “Chuck” Mick to the newly created position of vice president and general manager, North American holdings and integration; Joseph Copeland takes over Mick’s previous job as vice president and general manager of the Global Off-Highway business; and Judith Swales has been appointed to the position of managing director and chief executive officer of South Pacific Tyres business. . .Mike Keller has assumed duties as vice president of international operations for Hendrickson and Mike Gottschalk has succeeded Keller as general manager of Hendrickson Auxiliary Axle Systems.
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
02/07 Close | Two Week Performance | |
|---|---|---|---|---|
| ArvinMeritor | ARM | $19.39 | $0.05 | 0.26% |
| Avis Budget Group Inc. | CAR | $26.86 | $0.22 | 0.83% |
| Caterpillar Inc. | CAT | $65.64 | $1.22 | 1.89% |
| Con-way Inc. | CNW | $49.53 | $0.26 | 0.53% |
| Cummins Inc. | CMI | $140.06 | $0.60 | 0.43% |
| Eaton | ETN | $78.54 | $0.43 | 0.55% |
| General Electric | GE | $36.10 | $0.21 | 0.58% |
| Navistar | NAV | $47.75 | $1.01 | 2.16% |
| PACCAR Inc. | PCAR | $70.39 | $0.69 | 0.99% |
| Ryder | R | $53.16 | $0.18 | 0.34% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
Ryder System reported a profit of $65.8 million, a 12 percent increase from $58.8 million during the same period in 2005. FULL STORY
-
Cummins Inc. had a record fourth quarter with over $3 billion in sales and $11.36 billion in sales over the entire year, a 15 percent increase from 2005. FULL STORY
PACCAR Inc.'s net income was $1.496 billion in 2006, a 32 percent increase over the $1.133 billion earned last year. FULL STORY
It was a record yera for Caterpillar Inc. with revenue for the fourth quarter jumping 10 percent from last year to $11 billion. FULL STORY
Trimble Mobile Solutions announced their fiscal 2006 revenue was $940.2 million, a 21 percent increase compared to the 2005 revenue of $774.9 million.FULL STORY
News From TRALA
Ustian to Speak at TRALA Meeting
Join us at La Quinta Resort & Club for the year’s only industry-wide gathering of vehicle renting and leasing companies from throughout the nation. We are pleased to announce that Dan Ustian, President and CEO of International Truck & Engine Corp., will give this year’s Industry Keynote address at Wednesday afternoon’s Opening All-Conference Assembly. To register for the meeting, simply visit our website. To reserve hotel accommodations at La Quinta, please call 800-598-3828 immediately to receive the specially negotiated rate of $279. The hotel room block is filling rapidly, so don’t delay. Please contact Anne Riser at (703) 299-9120 or ariser@trala.org if you have any questions.