EnRoute
Headlines From The Vehicle Renting and Leasing Industry
Wednesday, March 10, 2010
Top Stories
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The Federal Motor Carrier Safety Administration (FMCSA) is set to allow states to collect fees for the Unified Carrier Registration (UCR) program under 2009 fee levels even though the agency has yet to finalize the level and structure of the fees for 2010. FULL STORY
Legislation is expected to be introduced by Congressman Gene Green (D-TX) that will direct the National Highway Traffic Safety Administration (NHTSA) to mandate electronic data recorders on all new cars and trucks. FULL STORY
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A website has been launched by the Federal Motor Carrier Safety Administration (FMCSA) that will allow trucking companies to register to access to a safety database they will be able to use for screening applicants for driving jobs. FULL STORY
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A discussion paper on electronic on-board recorders (EOBRs) has been circulated by the Canadian Council of Motor Transport Administrators (CCMTA) and they are now seeking feedback on an anticipated EOBR standard in Canada. FULL STORY
Technology Trends
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The International TerraStar Class 4-5 commercial truck is the newest commercial duty truck from Navistar which includes an all-new 300 horsepower, 6.4L MaxxForce7 V-8 engine. FULL STORY
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SAF-Holland has released the NEWAY ADZ Series Drive Axle Air-Ride Suspension for vocational trucks and tractors which is approved for 100% off-road duty cycles, is a non-torque reactive suspension with a parallelogram trailing arm design. FULL STORY
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R.L. Polk & Co. has unveiled a new web-based system meant to aid dealers and direct marketing agencies when ordering lists for use in vehicle sales and service campaigns. FULL STORY
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New Quick Flow dispensing bottles with built-in fill nozzles for TerraCair Ultrapure DEF (diesel exhaust fluid) are now available from Terra Environmental Technologies. FULL STORY
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Xata Corp. has added SpeedGauge to the Xatanet application suite which will be available in late spring to new and existing Xatanet users. SpeedGauge’s solutions help fleet operators identify high-risk driver behavior and manage fuel economy. FULL STORY
Briefly
Eaton Corporation has announced that customers using the company’s hybrid systems have collectively accumulated more than 30 million miles of clean, reliable service throughout the world. . .Daimler Trucks North America has selected Donaldson PowerCore G2 air intake systems for their 2010 Freightliner Coronado family of heavy-duty trucks. . .Penske Truck Leasing Co., L.P. has completed the acquisition of Bright Truck Leasing & Bright Distribution. The acquisition adds approximately 3,400 tractors, trucks and trailers to Penske’s existing fleet. . .Bridgestone Bandag Tire Solutions has announced its Bridgestone-brand R260F and R250F commercial tires are approved for use on Enviromental Protection Agency (EPA) SmartWay-certified equipment. . .The 2009 Security Benchmarking Survey, published by Security Magazine, has ranked Ryder System, Inc. as number one for security practices in the Transportation, Logistics, Supply Chain and Warehousing industry sector. The ranking is published as part of the magazine’s fourth annual Security 500 feature. . .Cummins Filtration and Valvoline are teaming up to provide Air Shield-branded diesel exhaust fluid (DEF). . .For the tenth consecutive year, the Women’s Business Enterprise National Council (WBENC) have named Avis Budget Group to its list of “America’s Top Corporations for Women’s Business Enterprises”. . .Navistar International Corp. is expanding its financing relationship with GE Capital, under which GE will become Navistar’s preferred financing provider for Navistar’s U.S. trucks and school buses. . .Enterprise Rent-A-Car has been named to BusinessWeek magazine’s list of ”Customer Service Champs,” the fourth straight year the company has been named as one of the top 20 brands featured on the list and is the only car rental brand included this year. . .Supply & Demand Chain Executive Magazine has named Steve W. Martin, Ryder’s Vice President of Supply Chain Excellence, as one of the 2010 “Provider Pros to Know.”
People
Karmak has added John Jasperson to its sales team as the newest regional manager. . .Bob Besse has been appointed to the position of vice president of sales and marketing for Supreme Corporation. He replaces Mark Beer who has been named to the newly created position of director of Strategic Accounts. . .Goodyear Tire & Rubber Co. has promoted Richard Kramer to CEO and President and named Tim Noe manager of its Danville, VA plant. . .President Obama will nominate retired Army Major General Robert Harding to head the Transportation Security Administration (TSA).
Taking $tock
A look at truck transportation-industry Fortune 500 public companies:
| Company | Symbol (Click for Chart) |
3/10 Close | Two Week Performance | |
|---|---|---|---|---|
| Avis Budget Group Inc. | CAR | $11.20 | $0.18 | 1.58% |
| Cummins Inc. | CMI | $60.23 | $0.90 | 1.47% |
| Dana | DAN | $11.63 | $0.29 | 2.43% |
| Eaton | ETN | $72.46 | $0.04 | 0.06% |
| General Electric | GE | $16.51 | $0.02 | 0.12% |
| Goodyear Tire & Rubber | GT | $13.60 | $0.04 | 0.29% |
| Navistar International Corp. | NAV | $41.91 | $2.34 | 5.29% |
| PACCAR Inc. | PCAR | $39.76 | $0.15 | 0.39% |
| Ryder | R | $36.43 |
$0.18 | 0.49% |
SOURCE: Yahoo! Finance and bigcharts.com
Money Matters
The South Coast Air Quality Management District (SCAQMD) of California has announced two separate vehicle replacement grant programs totaling more than $37 million and grant applications are due March 12, 2010. FULL STORY
News From TRALA
TDon’t forget to register to attend TRALA’s Annual Meeting. To find our more information and register for the meeting, simply visit TRALA’s website. Hotel accommodations can be reserved online or by contacting the Doral at (800) 713-6725. Please contact Shannon Murray at (703) 299-9120 or smurray@trala.org if you have any questions.