EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, December 13, 2006
Top Stories
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TRALA and the Ohio Trucking Association plan to work together to seek a lessor liability exemption from Ohio's smoking ban law. FULL STORY
The U.S. Congress did not extend the Single State Registration System (SSRS), leaving the program to end this year. FULL STORY
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The U.S. Environmental Protection Agency (EPA) preliminary surveys show that about 85% of highway diesel fuel meets the ultra low sulfur diesel (ULSD) standards. FULL STORY
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Shareholders of AmeriQuest and NationaLease Purchasing Corp. (NPC) have voted in favor of merging the two entities. As a result of this support, AmeriQuest and NPC proceeded to close the merger. FULL STORY
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President George W. Bush issued an Executive Order that instructs the Secretary of Transportation and the Secretary of Homeland Security to assess each surface transportation mode and evaluate the effectiveness of current federal security initiatives. FULL STORY
Technology Trends
Caterpillar’s 2007-model C13 and C15 engines have been certified by the EPA. FULL STORY
DaimlerChrysler, Audi and Volkswagen announced a partnership in establishing the “BlueTec” designation which will serve as an indicator of diesel engines that meet ultra-stringent emission requirements in the U.S. FULL STORY
Thomson Delmar Learning has published a revised edition of the Automotive Technician Certification Test Preparation Manual, 3E. FULL STORY
J.J. Keller & Associates released its latest software version of Keller-Soft Workers’ Comp Manager II Plus OSHA 300 Recordkeeper. FULL STORY
Briefly
PeopleNet Canada announced that its eDriver Logs application will comply with the new hours-of-service rules for professional truck drivers in Canada. . .Dana Corp. has produced its one-millionth E-series steer axle at its Humboldt, TN, manufacturing facility. . .Mack Trucks Inc. has awarded a total of more than $155,000 to seven Lehigh Valley, PA based nonprofit organizations for community improvement projects under the 2006 Mack Community Grants program. . . Utility Trailer opened a new dealership in Jalisco, Mexico, allowing the company to have a greater presence in the Pacific Coast region. . .Enterprise Fleet Services has changed its name to Enterprise Fleet Management. . .Manheim has opened a new Honda vehicle distribution center at its National Auto Dealers Exchange location in Bordentown, NJ. . .Continental Tire North America Inc. has committed to a three-year, $75,000 educational scholarship program with the University of North Carolina at Chapel Hill. The money will support the GLOBE Program (Global Learning Opportunities in Business Education) at Kenan-Flagler Business School. . .Eaton Corp. has received the Indiana Occupational Safety and Health Administration VPP (Voluntary Protections Programs) Star Award for Safety at the company’s Heavy-Duty Transmission Division Forge facility in South Bend, IN.
People on the Move
Chris Hines will assume the role of chief executive officer along with his current duties as president and chief operating officer for TripMaster Corp.. . . Peterbilt Motors current general manager Dan Sobic has been named a PACCAR senior vice president and Bill Jackson has been named Peterbilt general manager and a PACCAR vice president. . .Key Equipment Finance has promoted Shaun Danton to vice president, syndications. . .Joe Harrison, president of American Moving and Storage Association (AMSA) is planning to retire from his position at the end of March and no replacement has been named at this time. . .The Holland Group announced that Bruce Seay has accepted the position of national fleet accounts manager. . .Craig Fisher has been named director of marketing for Thermo King Corp.
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
12/13 Close | Two Week Performance | |
|---|---|---|---|---|
| ArvinMeritor | ARM | $17.98 | $0.11 | 0.62% |
| Avis Budget Group Inc. | CAR | $22.09 | $0.09 | 0.41% |
| Caterpillar Inc. | CAT | $61.49 | $0.79 | 1.27% |
| Con-way Inc. | CNW | $43.01 | $0.12 | 0.28% |
| Cummins Inc. | CMI | $121.22 | $0.48 | 0.40% |
| Eaton | ETN | $77.02 | $0.03 | 0.04% |
| General Electric | GE | $35.50 | $0.14 | 0.39% |
| Navistar | NAV | $32.84 | $0.04 | 0.12% |
| PACCAR Inc. | PCAR | $68.13 | $0.09 | 0.13% |
| Ryder | R | $50.56 | $0.92 | 1.79% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
Bridgestone Americas Holding, Inc. has entered into an agreement to acquire Bandag Inc. for $1.05 billion in cash. FULL STORY
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R.L. Polk & Co. released data showing that new commercial vehicle registrations in September 2006 were up slightly compared to September 2005. FULL STORY
Dana Corp. agrees to sell engine parts business to Mahle for $157 million. FULL STORY
News From TRALA
January 15 deadline for TRALA 2007-2008 scholarships!
Now in its 11th year, the TRALA Scholarship Program offers high school seniors whose parents work for TRALA member companies, $5,000 scholarships that are renewable for up to four years during college. To read about the eligibility requirements and download an application, please visit TRALA's website. For more information, contact TRALA's Anne Riser at ariser@trala.org or (703) 299-9120.