EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, September 24, 2008
Top Stories
A waiver has been granted to the state of California by the U.S. Environmental Protection Agency (EPA) that will allow state environmental regulators to implement stringent new heavy-duty vehicle and engine onboard diagnostics requirements for 2010 engines and beyond. FULL STORY
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As the price of oil continues to climb, companies and maintenance shops are finding ways to repurpose used engine oil. FULL STORY
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President George W. Bush has signed a bill that will transfer $8 billion from the Treasury general fund to the Highway Trust Fund. FULL STORY
Technology Trends
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Stemco has unveiled the AirBat RF DAS (Driver Alert System) which is an in-cab indicator designed to alert the driver that the tires are underinflated. The AirBat RF DAS works with the AirBat tire pressure monitoring sensors that send the readings to the DAS. FULL STORY
The newest addition to Truck-Lite’s warning line is a gas discharge emergency warning strobe. The new product offers internal optics, designed for durability and concentrates light within the critical zone. FULL STORY
Retread specifications for Double Coin’s Truck Bus Radial (TBR) casings have been released to provide North American retreaders with certified retread specs for end-users to receive optimum performance from the product. FULL STORY
Volvo Group has introduced a fourth-generation hybrid solution for trucks, buses and construction equipment. Its solution is based on the concept, I-SAM (Integrated Starter, Alternator Motor) which includes an electric motor that works in parallel with the conventional diesel engine. FULL STORY
Briefly
Penske Truck Leasing and City Harvest in New York City, have launched an environmentally- friendly refrigerated truck fleet. . .Donaldson Company is the recipient of the 2007 Daimler Trucks North America’s Master of Quality supplier award. . .PHH Arval and Eaton Corporation were both named on the 2008 InformationWeek Top 100 list which recognizes companies that harness technology to improve efficiency, boost productivity, drive revenue and establish a competitive advantage. . .GE Capital Solutions Fleet Services’ Mobile Resource Management via telematics solution has been recognized by the Minnesota High Tech Association (MHTA) as a finalist for its Tekne Award in the category of Technology Services. . .Enterprise Rent-A-Car’s President and Chief Operating Officer Pamela Nicholson has been named to Forbes magazine’s 2008 list of The World’s 100 Most Powerful Women. . .Bridgestone Bandag Tire Solutions is releasing its fourth comprehensive fuel economy guide, “Tires and Truck Fuel Economy – a New Perspective”. . .AmeriQuest Transportation Services has come in at No. 632 on Inc. magazine’s list of the 5,000 fastest growing private companies in the country. . .For the fourth 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. . .Hendrickson has published Solutions at Work, an update of the Truck Suspension Systems Parts Catalog which features sections including popular kits, popular parts, suspension conversions, product profiles section guides and parts lists.
People on the Move
Richard Curran has been hired as vice president of the Auto & Light Truck Division for 1st Source Bank. . .Mitsubishi Fuso Truck of America has appointed Greg Gusko as marketing manager. . .Ignacio Aguerrevere has been hired as senior manager, global marketing for Eaton Corporation’s truck group
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
09/24 Close | Two Week Performance | |
|---|---|---|---|---|
| ArvinMeritor | ARM | $13.94 | $0.85 | 5.75% |
| Avis Budget Group Inc. | CAR | $5.90 | $0.06 | 1.03% |
| Caterpillar Inc. | CAT | $61.74 | $1.80 | 2.83% |
| Cummins Inc. | CMI | $53.09 | $4.55 | 7.89% |
| Dana | DAN | $5.80 | $0.18 | 3.01% |
| Eaton | ETN | $59.97 | $2.95 | 4.69% |
| General Electric | GE | $24.59 | $0.36 | 1.44% |
| Goodyear Tire & Rubber | GT | $15.98 | $0.52 | 3.15% |
| PACCAR Inc. | PCAR | $40.20 | $0.28 | 0.69% |
| Ryder | R | $60.00 | $1.80 | 2.91% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
Eaton Corporation has extended its contract with the U.S. General Services Administration (GSA) for five years and expects sales to top over $100 million over the course of the extension. FULL STORY
The Value Pricing Pilot Program under the Federal Highway Administration (FHWA) is planning to offer $12 million in grants during fiscal year 2009 for innovative pricing strategies that relieve congestion. FULL STORY
U.S. sales for Class 8 trucks rose for the third straight month to 9.2 percent in the month of August. FULL STORY
News From TRALA
There is still time to register to attend 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.