EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, November 18, 2009
Top Stories
A revised version of Federal Motor Vehicle Safety Standard 108, the regulation affecting lights and reflective devices required on motor vehicles, has been delayed by the National Highway Traffic Safety Administration. FULL STORY
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Act Research Co. has released the latest State of the Industry: Class 5-8 Vehicles, which indicated Class 8 new orders were up across all three North American regions as well as exports. Medium-duty class 5-7 net orders are also at their highest level of the year, up 50 percent compared to 2008. FULL STORY
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Anne Ferro has been sworn in as the Federal Motor Carrier Safety Administration’s (FMCSA) fourth administrator. Ferro succeeds John Hill, who had served since August 2006 and departed in January 2009. FULL STORY
Technology Trends
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Karmak, Inc. has introduced its ProfitMaster Scheduling product which manages service schedules and dispatching appointments very quickly. It is also integrated with the Karmak business system. FULL STORY
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The Kenworth 2010 Heavy Duty Body Builder Manual has been released by Kenworth Truck Company. The manual offers useful information and guidelines for truck specification and design during the body planning and installation process. FULL STORY
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The X One wide XZU S Pre-Mold Retread is a new retread offered by Michelin Retread Technologies for refuse and other high-scrub and regional applications. FULL STORY
Briefly
Peterbilt Motors Co. has received the 2009 Clean Air Champion Award from the North Texas Clean Air Coalition for the second consecutive year, as well as their Innovative Business of the Year Award. . .Cummins Inc. recognized Wayne Eckerle, Donald Stanton, Francois Ntone, John F. Parker, John M. Mulloy and Sam Pringle with the 2009 Dr. Julius P. Perr Innovation Award for developing patented technologies that enable cleaner diesel engine solutions. . .PHH Arval has won the 2009 TechForum Best Practices Award sponsored by the Technology Managers Forum, the professional association for enterprise IT managers. . .Mitsubishi Fuso Truck of America has announced a new incentive program for the fourth quarter of 2009 called “Drive and Conquer.” The program offers 1.9 percent APR financing for 48 to 60 months in United States and 5.9 percent APR financing for 48 to 60 months in Canada to qualifying retail customers who purchase and take delivery of a new model Mitsubishi Fuso medium-duty truck by Dec. 31. . .Donaldson Company has received Level 3 Plus verification by the California Air Resources Board for two new onroad emissions retrofit devices. . .Manheim was honored by AARP as one of the “Best Employers for Workers Over 50” for the second straight year. . .Navistar has purchased Continental Diesel Systems which will enable the company to manufacture key fuel injection components for its own MaxxForce engines. . .Kenworth Truck Company’s manufacturing facility in Renton, WA, has been selected to participate in a co-sponsored U.S. Department of Energy (DOE) and Northwest Energy Efficiency Alliance (NEEA) project to provide input toward development of an international energy management standard for manufacturing plants.
People
John Gleason has joined Ryder System as its new senior vice president of sales and marketing. . .Penske Logistics has promoted three executives, Jim Erdman to senior vice president – global products; Amy Ilyes to senior vice president – customer experience and Angela Yang to managing director for Asia-Pacific region.
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
11/18 Close | Two Week Performance | |
|---|---|---|---|---|
| Avis Budget Group Inc. | CAR | $9.11 | $0.31 | 3.29% |
| Cummins Inc. | CMI | $45.30 | $0.53 | 1.18% |
| Dana | DAN | $5.94 | $0.12 | 1.98% |
| Eaton | ETN | $62.89 | $0.25 | 0.40% |
| General Electric | GE | $14.19 | $0.13 | 0.91% |
| Goodyear Tire & Rubber | GT | $12.54 | $0.82 | 6.14% |
| Navistar International Corp. | NAV | $34.18 | $0.74 | 2.12% |
| PACCAR Inc. | PCAR | $37.50 | $0.28 | 0.74% |
| Ryder | R | $41.19 |
$0.39 | 0.94% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
Navistar Defense has received $348 million in delivery orders for 1,928 additional medium tactical vehicles (MTVs) from the U.S. Army Tank-Automotive and Armaments Command (TACOM) which fulfills the TACOM contract first awarded in May 2008 for 7,072 units and adds an additional 505 units. FULL STORY
Nassau Asset Management’s NasTrac Quarterly Index has reported repossessions and liquidations of trucking equipment and machine tools in the third quarter of 2009 declined as compared to similar figures from 2008. FULL STORY
The U.S. Army has placed three additional delivery orders with Mack Trucks which are part of a three-year contract that began in October 2008 for 152 tractor-trailers as well as replacement parts. FULL STORY
News From TRALA
TRALA's unrivaled record of success has earned the truck renting and leasing industry a strong reputation at the federal and state governments. Legal Action Fund contributions will allow TRALA to continue to uphold the highest standards our industry has come to expect from us. Please help support TRALA’s legislative and regulatory advocacy efforts and join your colleagues in making a contribution to TRALA’s 2009/2010 Legal Action Fund campaign today. Visit TRALA’s website at www.trala.org to make your contribution. Your continued support is greatly appreciated.
As your high school seniors are getting ready to head back to school, it’s not too early to be thinking about paying for college this time next year. One strategy is for your son or daughter to apply for a TRALA Scholarship that could amount to $20,000 over four years. Applicants must be dependent children (high school seniors only) of full-time employees of TRALA member companies. Employees must have been working full-time for the company a minimum of one year as of the application deadline. Applicants must have a cumulative grade point average of 3.0 or higher on a 4.0 scale and plan to enroll in a full-time course of study at an accredited four year college or university. Just click here to apply. The application deadline is January 15, 2010. Please contact TRALA’s Tonya Gibbs at (703) 299-9120 or tgibbs@trala.org.