EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, April 29, 2009
Top Stories
The Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2009 which would provide tax credits to help speed the adoption of advanced safety systems for commercial vehicles was re-introduced in the U.S. House of Representatives. FULL STORY
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Retreaders have thrived during previous economic downturns, however the rising costs for raw material, energy and labor, have resulted in retreaders becoming just as vulnerable as new tire dealers. FULL STORY
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The California Air Resources Board (CARB) has approved the distribution of $42 million in grants that Californians will be able to use towards the purchase of zero-emissions hybrid engine technologies that they might otherwise not have been able to afford. FULL STORY
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Alberta Transportation Minister Luke Ouellette has taken a stand against electronic on-board recorders (EOBRs) and making electronic speed limiters mandatory for heavy-duty commercial vehicles. FULL STORY
Technology Trends
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Truck-Lite has added a low profile application to the current LED Solid-State Warning (SWL) product offering. The lower profile provides a shorter standing, making this lamp less susceptible to physical damage. FULL STORY
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J.J. Keller & Associates has revised their Hazardous Materials Compliance Pocketbook to include the new HM-215J/HM-224D requirements designed to maintain alignment with international hazmat standards. FULL STORY
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Continental Tire North America Inc. will offer its own Continental branded retreads under the ContiTread name in both the United States and Mexico. FULL STORY
FInternational DuraStar and WorkStar medium-duty and severe-service trucks now offer the Bendix ESP Electronic-Stability Program which is designed to deliver full-stability performance for a variety of applications. FULL STORY
Briefly
K. Neal International, an International truck dealer in Hyattsville, MD, has been named to the DiversityBusiness.com’s Div500, a listing of the nation’s top 500 diversity-owned businesses. . .Pressure Systems International presented Utility Trailer Manufacturing Company with its 2008 Customer Excellence Award. . .Trebar Kenworth Sales celebrated the 50th anniversary of one of its co-founders as a Kenworth dealer, S. Hatch Barrett. . .Avis Budget Group has been honored as one of America’s Top Corporations for Women’s Business Enterprises by the Women’s Business Enterprise National Council (WBENC). . .Cummins Inc. has been selected for the third year in a row as one of the world’s “Most Ethical Companies” for 2009 by the Ethisphere Institute. . .Extended warranty coverage is now available for Spicer heavy-duty and medium-duty steer axles through the Roadranger organization. . .Mitsubishi Fuso of America (MFTA) has announced a new incentive program for the second quarter of 2009 called “Navigate Great Savings.” Every purchaser of a new Mitsubishi Fuso medium-duty truck in the U.S. and Canada will receive a free Garmin navigation system. . .EZ Fuel & Tank Solutions has finalized an exclusive agreement with Blue1 International of Belgium that will give EZ Fuel the ability to manufacture and distribute the same proven, quality DEF mini-bulk storage and dispensing systems that are in use throughout Europe today. . .As part of ArvinMeritor’s global sustainability platform, the company has increased its recycling rate year-over-year to 89 percent from 83 percent and has established a global greenhouse emissions inventory. . .SAF Holland’s, North American facilities aligned to its Powered Vehicle Systems Business Unit have been recommended for ISO/TS16949 certification by Det Norske Veritas Certification, Inc. (DNV). . .The VMaster and Stratis Di Viscous Fan Drive and Controller systems have been introduced by Horton, Inc. as an economical choice for customers that seek the flexibility of variable speed along with optimal engine cooling, reduced fuel consumption, decreased noise and more available horsepower for auxiliary components.
People
Aaron Bickford has been appointed director of marketing – North America, for ArvinMeritor’s Commercial Vehicle Aftermarket (CVA) business. . .Jim Rallo has retired from PHH Arval after 38 years with the company. . .HDA Parts Network has appointed Bo Ward and Ron Fleischhacker to the marketing group’s new positions of business development managers. . .After more than 35 years of service with Dana, Frank Sheehan has announced his intention to retire from the company, effective April 30, 2009.
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
4/30 Close | Two Week Performance | |
|---|---|---|---|---|
| ArvinMeritor | ARM | $1.20 | $0.05 | 4.35% |
| Avis Budget Group Inc. | CAR | $2.11 | $0.10 | 4.98% |
| Cummins Inc. | CMI | $33.45 | $2.20 | 7.04% |
| Dana | DAN | $0.70 | $0.01 | 1.45% |
| Eaton | ETN | $44.39 | $2.30 | 5.46% |
| General Electric | GE | $12.22 | $0.22 | 1.83% |
| Goodyear Tire & Rubber | GT | $11.54 | $1.07 | 10.22% |
| PACCAR Inc. | PCAR | $35.83 | $2.20 | 6.54% |
| Ryder | R | $26.29 |
$0.95 | 3.75% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
The Dow Jones’s stock market service, MarketWatch, has issued a report that the U.S. aftermarket for medium- and heavy-duty truck parts and components will increase by 3.8 percent annually to $17.1 billion by 2013. FULL STORY
An Eastern European Trailer Market report released by consulting group, CLEAR, showed that in the first two months of 2009, some markets saw trailer sales fall by over 80 percent. FULL STORY
News From TRALA
Access the Entire Renting and Leasing Industry!!
TRALA is now accepting advertising for the TRALA Membership Directory and Buyers Guide. Reach your target audience and advertise with TRALA! For more information, contact TRALA’s Brian Hefner at (703) 299-9120 or bhefner@trala.org