EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, July 2, 2008
Top Stories
The EPA’s Heavy-Duty On-Road Center is responsible for the averaging, banking and trading program which allows equipment manufacturers to earn emissions credits by beating the regulatory standard of the day and then using those credits to help meet new, tighter standards when there is a regulatory change. FULL STORY
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According to research conducted by the U.S. Department of Agriculture and Energy, corn and soybeans that are used for ethanol and biodiesel production have only a 0.15 percent effect on the current high food prices. FULL STORY
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The California Air Resources Board (CARB) plans to hold public workshops in July to discuss the proposed in-use, on-road, heavy-duty diesel truck rule. FULL STORY
Technology Trends
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The RydeSmart product is a new high-tech tool that Ryder System is providing its customers that instantly tracks the fuel consumption, idle time, speed and other vital statistics of every truck in their fleets. FULL STORY
The Injury Prevention for Drivers is a new training program which has been released by J.J. Keller & Associates that is geared towards helping drivers stay injury-free while performing non-driving tasks. FULL STORY
At the 2008 Work Truck Show, MMB Interlift unveiled its new ILT Twin Fold liftgate, which is a new large platform, level-ride model that was was designed for easy operation and to decrease maintenance costs. FULL STORY
The remarketing online management system from GE Capital Solutions Fleet Services, my.Drivers/my.Vehicles, has been enhanced to save fleet managers time, ensure sales documentation accuracy, and initiate payment of resale proceeds. FULL STORY
Briefly
Kenworth Truck Company has unveiled a new Environmental Programs website, www.kenworth.com/environmental.asp for its customers that showcases the manufacturer’s green products and initiatives. . .PHH Arval has won an American Business Award, also known as the “Stevie” Award, for PHH GreenFleet, a comprehensive program to reduce greenhouse gas emissions, in the category “Best New Product or Service”. . .ArvinMeritor has received the 2008 Corporate “Closing the Gap” Award from New Detroit, a coalition of local community, business and labor leaders for its economic and philanthropic support of the Southwestern/Fort Street community. . .Fleet One has reached an agreement with Kroger that allows the Fleet One local fuel card to be accepted at all 720 of the Kroger-owned grocery stores with fuel islands. . .Daimler Trucks North America has posted a podcast at, www.daimler-trucksnorthamerica.com, in which president and CEO Chris Patterson discusses the benefits of using BlueTec SCR technology. . .Ryder System Inc. has been named one of the “40 Best Companies for Diversity” by Black Enterprise magazine.
People on the Move
Joseph Palchak has been named chief executive officer of Eaton’s Automotive Group. . .The Goodyear Tire & Rubber Co. has hired Sara Waldman as public relations manager for the airship, “Spirit of Innovation". . .Bill Canton assumes a new role as chief risk officer for Navistar International Corp and Terry Endsley will succeed Canton as executive vice president and chief financial officer. . .Sumio Fukaya has been appointed as the new president and chief executive officer for Hino Motor Sales USA. . .Horton Inc. has promoted Tom Kleich to director of sales for the truck market.
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
07/02 Close | Two Week Performance | |
|---|---|---|---|---|
| ArvinMeritor | ARM | $12.34 | $0.14 | 1.12% |
| Avis Budget Group Inc. | CAR | $7.29 | $1.08 | 12.90% |
| Caterpillar Inc. | CAT | $74.09 | $0.27 | 0.37% |
| Cummins Inc. | CMI | $65.09 | $0.43 | 0.66% |
| Dana | DAN | $5.28 | $0.07 | 1.31% |
| Eaton | ETN | $84.33 | $0.64 | 0.75% |
| General Electric | GE | $27.12 | $0.43 | 1.61% |
| Goodyear Tire & Rubber | GT | $18.03 | $0.20 | 1.12% |
| PACCAR Inc. | PCAR | $42.88 | $1.05 | 2.51% |
| Ryder | R | $68.39 | $0.49 | 0.71% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
XATA Corporation has reported company sales increased to $12.1 million from $8.2 million, a 49 percent increase over the same period in 2007. FULL STORY
The Goodyear Tire & Rubber Company is investing $500 million to relocate its existing manufacturing facility in the Shahekou district of Dalian in China to a new, larger, state-of-the-art plant to be built in Pulandian, Dalian Municipality as part of the company’s strategy to have 50 percent of global capacity in low-cost regions by 2012. FULL STORY
Navistar International Corp. has caught up on its quarterly filings with the U.S. Securities and Exchange Commission (SEC) and on Monday, June 30, resumed trading on the New York Stock Exchange under its original ticker symbol “NAV.” FULL STORY
News From TRALA
TRALA Offers 2008 Election Website
www.TRALAVOTES2008.com, is a political news resource to help members keep track of campaign news and candidates for local, state or national office. In addition to this information, TRALA members can also find out how to register to vote and obtain absentee ballots. If you have any questions or comments, please email Shannon Murray at smurray@trala.org.