EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, July 8, 2009
Top Stories
The California Air Resources Board (CARB) has delayed enforcement of its rule restricting diesel emissions from reefer units operating in the state. Trucks will now have until December 31, 2009 to meet the state’s “In-Use Performance Standards” for 2001 and older reefers, rather than the July 16 enforcement date the state had been planning since January. FULL STORY
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While the economic slowdown has made finding employees less of an issue than in the past, dealers need to continue to focus on how to attract and retain employees. FULL STORY
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Commercial vehicles in Alberta now have to comply with new rules aimed at standardizing Canadian safety and compliance requirements. FULL STORY
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With only six more months until the implementation of the U.S. Environmental Protection Agency’s (EPA) 2010 diesel emissions mandate, the debate between selective catalytic reduction (SCR) and exhaust gas recirculation (EGR) technologies grows more intense and public. FULL STORY
Technology Trends
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The Continental HSR2 (Heavy Steer Regional) is the next generation of Continental’s regional steer truck tire, the HSR. The new tire contains high tread compounding and more complex groove designs. FULL STORY
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Carrier Transicold’s new PowerRush Platinum AGM battery provides higher performance and significantly longer life than conventional 12-volt wet-cell batteries. FULL STORY
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PHH Arval conducted its annual industry-wide survey of public and private sector fleet managers on the subject of the environment. The results of the 2009 Green Fleet Survey are now available with full analysis. FULL STORY
Briefly
Ryder System, Inc. has been certified as a third-party logistics provider in the Custom-Trade Partnership Against Terrorism program, an initiative that seeks to promote supply chain security and reduce border vulnerabilities. . .Daimler Truck Financial celebrates 35 years in the trucking industry since starting as Freightliner Financial back in 1974. . .Bendix Commercial Vehicle Systems has been recognized as one of the 2009 Best Employers in Ohio by the Ohio Chamber of Commerce and the Ohio Society of Human Resource Management. . . Mitsubishi Fuso Truck of America, Inc. has announced that it has signed eight new Canadian dealers to its network in 2009 and expects to add at least three more which will expand the company’s dealer network across the country by nearly 50 percent. . .Eaton Corp. is consolidating its Automotive and Truck Groups into one operating unit that will be known as the Vehicle Group. The new unit will be led by Joseph P. Palchak, current president of the Automotive Group. . .Kenworth Truck Company’s manufacturing plant in Chillicothe, Ohio, celebrated its 35th anniversary of building trucks. It is Kenworth’s largest plant and has produced more than 325,000 trucks since it was opened in 1974. . .Enterprise Fleet Management, a division of Enterprise, was recognized for its comprehensive environmental initiatives, winning the 2009 American Business Award for Environmental Responsibility Program of the Year. . .The Volvo Group was honored by the National Business Group on Health as among one of the nation’s leading corporations for innovative programs to promote a healthy workplace, and for helping its employees make better choices about their own health and well-being. . .PeopleNet is planning to move its U.S. and corporate headquarters to Minnetonka, MN. . .For the fifth straight year, Penske Truck Rental donated 26-foot consumer box trucks to the annual NBC “Today Show” Lend a Hand series.
People
Thermo King has made several personnel appointments, including naming Anup Shetty aftermarket marketing manager; Scott Bates has been named truck product manager and Tom Kampf is the company’s new trailer product manager.
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
7/8 Close | Two Week Performance | |
|---|---|---|---|---|
| ArvinMeritor | ARM | $3.40 | $0.22 | 6.08% |
| Avis Budget Group Inc. | CAR | $5.71 | $0.51 | 9.81% |
| Cummins Inc. | CMI | $32.08 | $0.17 | 0.53% |
| Dana | DAN | $1.17 | $0.12 | 9.30% |
| Eaton | ETN | $40.98 | $0.02 | 0.05% |
| General Electric | GE | $10.71 | $0.30 | 2.72% |
| Goodyear Tire & Rubber | GT | $10.55 | $0.25 | 2.31% |
| Navistar International Corp. | NAV | $38.21 | $0.09 | 0.23% |
| PACCAR Inc. | PCAR | $29.13 | $0.57 | 1.92% |
| Ryder | R | $24.78 |
$0.10 | 0.40% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
Class 8 total net orders for all major North American OEMs totaled 8,101 units in June, which was an increase of 9.7 percent from May and the first improvement in three months. FULL STORY
In the latest State of the Industry: U.S. Trailers report issued by ACT Research Co. the second quarter of 2009 shows slight continued improvement for commercial trailer manufacturers as May net orders came in at levels above the dramatic lows experienced in the fourth quarter of 2008 and the first quarter of 2009. FULL STORY
News From TRALA
Access the Entire Renting and Leasing Industry!!
Advertising space is still available in TRALA’s 2009-2010 Membership Directory and Buyers Guide! Contact TRALA’s Brian Hefner at (703) 299-9120 or bhefner@trala.org for more information on the rates and guidelines.