EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, April 28, 2010
Top Stories
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In a notice published in the Federal Register this week, The Federal Motor Carrier Safety Administration (FMCSA) has unveiled the 2010 fees for the Unified Carrier Registration Program which are significantly higher than earlier years. FULL STORY
The current economic impact has the California Air Resources Board (CARB) directing its staff to present new proposals in September that will give diesel vehicle operators more flexibility to comply with state emissions rules. FULL STORY
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Representative Peter DeFazio (D-OR), the Chairman of the House Transportation and Infrastructure Committee’s highways and transit subcommittee, has sent a bipartisan letter to Transportation Secretary Ray LaHood and U.S. Trade Representative Ron Kirk, asking that they consider repealing the program that opens U.S. roadways to Mexican trucks. FULL STORY
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In the latest issue of ACT North American Commercial Vehicle Outlook, ACT projects heavy-duty vehicle productions will grow 14% year-over-year in 2010 before ramping up significantly to 72% growth in 2011. FULL STORY
Technology Trends
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Carrier Transicold has unveiled the new Vector 6600 MT hybrid trailer refrigeration unit which raises the bar on multi-temperature trailer refrigeration system capacity while reducing fuel consumption and emissions. FULL STORY
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The new T440 tractor from Kenworth offers enhanced visibility, aerodynamics, versatility and value to fleets and truck operations in regional haul and pickup and delivery applications. The vehicle has a gross vehicle weight (GVW) ranging from a heavy Class 7 vehicle at 33,000 lbs. up to a light Class 8 truck at 68,000 lbs. and is standard in a day cab configuration. FULL STORY
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The QuickCheck 5200 handheld device is the latest product to debut from Cummins. The product allows customers the ease of adjusting engine features and parameters and reading trip information. FULL STORY
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Great Dane Trailers has two exclusive new products that extend the useful life of a refrigerated trailer and combat corrosion. The ThermoGuard is a glass-reinforced thermoplastic interior liner and CorroGuard is the most comprehensive corrosion-fighting solution. FULL STORY
Briefly
NationaLease has launched a new website, www.nationaleaseusedtrucks.com, which is a destination for information on used trucks, tractors and trailers. The website posts details on a range of light-, medium- and heavy-duty used commercial vehicles for sale, including price, condition, year, make/model, type, odometer mileage, class, engine manufacturer and more. . .J.J. Keller & Associates has formed a partnership with Total Training Network (TTN) and TTN will now offer over 40 J.J. Keller online courses covering a wide variety of safety and compliance topics. . .Goodyear’s Wingfoot Commercial Tire Systems LLC subsidiary will rebrand its on-highway, truck stop networks. Wingfoot operates 31 on-highway commercial truck servicing locations adjacent to Pilot Travel Centers which will now be changed to Wingfoot Truck Care Centers. . .Hertz Global Holdings Inc. announced that it will acquire Dollar Thrifty Automotive Group for $1.2 billion in cash and stock. . .PHH Arval has expanded its national cardlock program with the addition of Esso facilities to its network of cardlock fuel partners. The PHH Arval network already includes Petro Canada and United Farmers of Alberta stations.
People
Bridgestone Americas, Inc. (BSAM) current executive director, communications, Dan MacDonald has been promoted to vice president, community and corporate relations. MacDonald assumes the role previously held by Christine Karbowiak, who was promoted to the newly created position of chief administrative officer. . .Patrick Randrainanison has been named president – South Americas for Eaton Corporation. He will also continue in his current role as president of Eaton’s South America Vehicle Group.
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
4/28 Close | Performance | |
|---|---|---|---|---|
| Avis Budget Group Inc. | CAR | $15.38 | $0.25 | 1.60% |
| Cummins Inc. | CMI | $73.81 | $1.41 | 1.95% |
| Dana | DAN | $12.54 | $0.23 | 1.80% |
| Eaton | ETN | $77.11 | $0.07 | 0.09% |
| General Electric | GE | $18.95 | $0.25 | 1.34% |
| Goodyear Tire & Rubber | GT | $13.82 | $0.23 | 1.64% |
| Navistar International Corp. | NAV | $48.96 | $0.29 | 0.60% |
| PACCAR Inc. | PCAR | $46.44 | $0.03 | 0.06% |
| Ryder | R | $46.86 |
$0.07 | 0.15% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
PACCAR Inc. first quarter profit grew to $68.3 million from $26.3 million a year ago. The company also reported that sales rose 7.4% which was the result of a small pre-buy in the U.S. and Canada due to the new engine standards mandated by the U.S. Environmental Protection Agency (EPA). FULL STORY
As truck segment sales improved, Eaton Corporation reported its first quarter profit was $155 million compared with a loss of $50 million a year ago. FULL STORY
Ryder System Inc. has reported earning $12.4 million in the first quarter of 2010 compared with $6.8 million in the first quarter of 2009. FULL STORY
News From TRALA
TRALA has made the presentations of its 2010 Annual Meeting available on the website. Please click here to view and download the presentations. Video of the All-Conference Assembly and the Awards Dinner will be made available in the coming weeks, please be on the lookout for an announcement. If you have trouble downloading the information or have questions, please contact TRALA’s Shannon Murray at smurray@trala.org or (703) 299-9120.