EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, February 21, 2007
Top Stories
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The debate has begun on whether the Federal Motor Carrier Safety Administration (FMCSA) mandate for electronic on-board recorders goes far enough. FULL STORY
A few industry representatives are beginning to look at the role gasoline engines could have in attempting to compete in the heavy-duty market in 2010. FULL STORY
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Cost is largely the reason that fleets have not made the switch to the new CJ-4 oils. FULL STORY
Technology Trends
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Hendrickson debuts the INTRAAX AANL 23K, a low-ride suspensions system, which will replace the AAL 23K. FULL STORY
Karmak’s Legend business management system is now available for HP Integrity servers running the Open VMS operating system. FULL STORY
Carrier Transicold is releasing a series of new data loggers for its trailer refrigeration systems. FULL STORY
Log Checker Online and Vehicle Management Online are two new online services from J.J. Keller & Associates. FULL STORY
Briefly
Cummins Filtration Fleetguard filters win the Truck Writers of North America (TWNA) top Technical Achievement for 2006. . .PacLease published an 8-page free guide to improving fuel economy. To receive a free copy of the guide, click here. or call (800) 426-1420. . .Ryder System, Inc. was honored with the “Excellent Foreign Logistics Company” award by Shenzhen Logistics Association in China. . . J.J. Keller & Associates plans to sponsor Dallas Seavey, a sled dog musher, in the 2007 Iditarod and James J. Keller, President & COO will ride in Seavey’s dog sled for the first twelve miles of the Iditarod ceremonial race. . .Cummins Western Canada has donated Malaspina University-College’s Heavy Duty Commercial Transport Mechanics program a 600 hp Cummins ISX Signature Seriues diesel engine. . .SkyBitz has received regulatory approval to sell its satellite-based global locating system to logistics and transportation companies in Mexico. . .CCJ is launching two new weekly e-newsletters dedicated to the equipment and technology arenas. CCJ Equipment Weekly launched today and CCJ Technology Weekly debuts in March. . .Market Metrix announced the results of their 2006 annual Hospitality Index ratings and have ranked Enterprise as the number one rental company in 2006. . . PACCAR is donating $2 million to Gonzaga University for the construction of the new PACCAR Center for Applied Science.
People on the Move
Nationalease has promoted Andy Stopka to the position of vice president of maintenance. . .Ryder System, Inc. has elected Luis P. Nieto Jr. , president of the Refrigerated Foods Group for ConAgra Foods, Inc. to its Board of Directors. . .Valerie Borg has been promoted to vice president of program management and originations for Key Equipment Finance’s Canadian Operations. . .Chuck Teubner, Larry Sur and Mark Hastings have all joined the board of directors at SkyBitz.
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
02/21 Close | Two Week Performance | |
|---|---|---|---|---|
| ArvinMeritor | ARM | $19.71 | $0.01 | 0.05% |
| Avis Budget Group Inc. | CAR | $27.40 | $0.11 | 0.40% |
| Caterpillar Inc. | CAT | $67.93 | $0.26 | 1.38% |
| Con-way Inc. | CNW | $52.05 | $0.21 | 0.41% |
| Cummins Inc. | CMI | $143.54 | $0.91 | 0.63% |
| Eaton | ETN | $79.59 | $0.11 | 0.14% |
| General Electric | GE | $36.11 | $0.24 | 0.67% |
| PACCAR Inc. | PCAR | $73.79 | $0.94 | 1.29% |
| Ryder | R | $53.72 | $0.26 | 0.48% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
DaimlerChrysler’s Truck Group higher sales volume led revenues to increase by 5 percent to $42.4 billion in 2006. FULL STORY
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Rush Enterprises gross revenues totaled $2.4 billion in the fourth quarter of 2006, a 26 percent increase from 2005. FULL STORY
ArvinMeritor plans to sell its emissions technologies business to One Equity Partners for $310 million. FULL STORY
Avis Budget Group reported a 5 percent increase to a record $5.7 billion for its full year revenue. 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 bto 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.