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Manheim

Briefly

Daimler Trucks North America will have a hand in an initiative co-owned by The Halo Foundation and Road Scholar Transport “93 Cents for Flight 93” campaign, a fund-raising endeavor commemorating the passengers and crew members aboard United Flight 93, who lost their lives on Sept 11, 2001. . .SAF-Holland and Scania CV AB are working together in the aftermarket segment which means that the workshops and dealers in the global Scania service network will now carry out maintenance work on SAF-Holland trailer components and sell SAF-Holland original parts. . .For the fifth year in a row, Cummins Inc. has been named to the Dow Jones Sustainability World Index, which represents the top 10 percent of the world’s largest 2,500 companies in corporate sustainability. . .Navistar International Corp. and Caterpillar Inc. have announced the closing of a joint venture transaction resulting in a new company, NC2 Global LLC, to serve the global commercial truck market. . .Mack Trucks has opened its new world headquarters in Greensboro, NC and the company marked the occasion with a celebration that included a display of modern and antique Mack trucks, tours of the new headquarters, presentations on Mack’s history and accomplishments, and contests for employees. . .The U.S. Military’s Defense Supply Center Columbus (DSCC) has awarded Michelin North America two additional Best Value Awards for exemplary logistics performance in supplying aircraft and ground tires to all four branches of the U.S. military. . .For the fourth consecutive year, Enterprise Rent-A-Car has been named to BusinessWeek’s annual ranking of the best companies for new college graduates to launch their careers. Enterprise is the only car rental company to earn a spot since BusinessWeek began producing the list in 2006. . .Silver Eagle Manufacturing Co. announced that it will offer a limited lifetime warranty on its aerodynamic skirts, an extension from the products’ previous one-year warranty, effective on products shipped after September 1st. . .Odessa Technologies launched a Spanish version of its website and its LeaseWave system. The company is working on Japanese and Chinese versions of its software as well.

People

Hino Trucks has appointed Robert E. McDowell as senior vice president, sales & customer support. He succeeds Dominick (Nick) Vermet who will return to a position with a stakeholder of Hino Trucks.

R.L. Polk

Taking $tock

A look at truck transportation-industry Fortune 500 public companies:

Company Symbol
(Click for Chart)
9/16 Close Two Week Performance
Avis Budget Group Inc. CAR $13.08 $0.45 3.56%
Cummins Inc. CMI $47.87 $0.23

0.48%

Dana DAN $6.51 $0.04

0.62%

Eaton ETN $60.08 $1.00 1.69%
General Electric GE $17.00 $1.00 6.25%
Goodyear Tire & Rubber GT $17.04 $0.19 1.10%
Navistar International Corp. NAV $41.63 $2.10 4.80%
PACCAR Inc. PCAR $39.53 $0.30 0.76%
Ryder R

$41.67

$0.86 2.02%

SOURCE:  Yahoo! Finance and bigcharts.com

Money Matters

  • In August, North American Class 8 truck orders reached their highest point since November 2008 and order activity was 19.9% better than the previous month. FULL STORY

  • Daimler Trucks North America has been awarded a $377 million contract by the U.S. Army Tank-automotive and Armaments Command to produce 1,780 units of the M915A5 6x4 military line-haul tractors FULL STORY

  • A report from Frost & Sullivan shows a new analysis of China’s commercial truck market and demand for heavier chassis and cleaner diesel engines will spike over the next five years. This will offer potentially big revenue-generating opportunities for U.S. and European truck makers. FULL STORY

News From TRALA

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Questions? Contact TRALA’s Tonya Gibbs at (703) 299-9120 or tgibbs@trala.org.

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