
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, August 27, 2008
Over 200 public and private organizations met with urea suppliers to discuss the rollout of urea in advance of the Environmental Protection Agency’s (EPA) 2010 emission requirements which will be used in trucks with Selective Catalytic Reduction (SCR) systems. FULL STORY
Trucks involved in a six-month pilot using B100 diesel produced 78 percent less CO2 emissions than those running traditional diesel. These early results shared by the National Biodiesel Board (NBB) are part of the data that Indigenous Energy is collecting and analyzing with a full report to be released in March 2009. FULL STORY
Tires are receiving an increase in attention, not only because they are the third largest expense for fleets, but as fuel prices continue to rise and businesses look for places to trim costs, fleet managers need to pay attention to tire and tire retread counterfeits. FULL STORY
Biodiesel continues to become a rapidly developing green technology and looks to have great potential though it could still face some technological and logistical hurdles. FULL STORY
Penske Truck Leasing has become the first and only truck leasing, rental and logistics provider to earn certification from the National Institute of Automotive Service Education (ASE) for the company’s Continuing Automotive Service Education (CASE) program. FULL STORY
Michelin introduced the new X One XDN2 wide-base on-highway drive tire that is expected to provide optimum fuel efficiency, long life and improved traction. FULL STORY
The Fuelwatch initiative was unveiled by Volvo Trucks North America and is designed to help fleet managers and truck operators achieve maximum fuel economy FULL STORY
Cummins has announced that it will add urea-based Selective Catalytic Reduction (SCR) after treatment to its heavy-duty engines in 2010. FULL STORY
Freightliner Trucks will offer Meritor WABCO’s new automatic forward-collision warning and braking system on its models Cascadia and Century Class S/T Tractors. . .PACCAR Financial Corp. recently opened its second used truck center near Spartanburg, SC, that offers a selection of Kenworth and Peterbilt used trucks to Paccar dealers, non-Paccar dealers, independent wholesalers and retail fleet/owner-operator buyers. . .ArvinMeritor has received the 2008 “Corporate ONE” Award from the Michigan Minority Business Development Council (MMBDC) for its supply diversity program that drives procurement opportunities with minority business owners. . .
Fleet One has hired Michael Ormaza, Brandon Fleming and Kevin McCauley as account executives. . .Ivanyra Correia has been named chief financial officer for Penske Logistics in South America.
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
08/27 Close | Two Week Performance | ArvinMeritor | ARM | $15.17 | $0.00 | 0.00% |
|---|---|---|---|---|
| Avis Budget Group Inc. | CAR | $7.75 | $0.88 | 6.31% |
| Caterpillar Inc. | CAT | $69.56 | $0.88 | 1.28% |
| Cummins Inc. | CMI | $64.73 | $0.15 | 0.23% |
| Dana | DAN | $6.30 | $0.1400 | 2.27% |
| Eaton | ETN | $71.38 | $0.64 | 0.90% |
| General Electric | GE | $28.22 | $0.05 | 0.18% |
| Goodyear Tire & Rubber | GT | $19.36 | $0.06 | 0.31% |
| PACCAR Inc. | PCAR | $42.48 | $0.64 | 1.53% |
| Ryder | R | $63.90 | $0.46 | 0.73% |
SOURCE: Yahoo! Finance and bigcharts.com
Evidence still suggests it will be a long recovery for our economy with loan problems facing banks worldwide, sluggish mortgage applications, and consumers adjusting their behaviors to account for higher prices on travel, fuel and products. FULL STORY
CPHH Arval has reported in its annual survey of public and private fleet managers that many fleets are becoming more interested in environmental issues, but many are unsure of how to implement green goals and policies in a cost-effective manner. FULL STORY
The price of diesel has fallen for six consecutive weeks to just under $4.15/gallon, however it is still up 45 percent from a year ago. FULL STORY
You won’t want to miss the 2008 Washington Briefing and TRALA Council Meetings taking place November 10-11 in our Nation’s Capital. The deadline for hotel reservations at the Ritz-Carlton Pentagon City is October 10. To reserve your room at the specially-negotiated rate, click here and be sure to enter the group code TRVTRVAA or call (703) 415-5000 and mention TRALA. To register for the meeting, visit www.trala.org. If you have any questions, please contact Shannon Murray at (703) 299-9120 or smurray@trala.org.