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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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Archive December 2017

All of the articles archived for the month that you have specified are displayed below.

Congress Passes Comprehensive Tax Reform

For the first time in over 30 years, Congress has passed comprehensive tax reform. Yesterday, December 19, 2017 both the House and Senate debated and approved the conference report for H.R. 1, the Tax Cuts and Jobs Act. However, during consideration of the conference report in the Senate, a motion from Senator Bernie Sanders (I-VT) was upheld by the Parliamentarian, which found several provisions that violated the so-called "Byrd Rule." The provisions related to the expansion of Section 529 accounts and their application towards homeschooling, as well as the use of the phrase "tuition paying" were all struck from the Senate bill. The amended conference report was then sent to the House this morning where the modified bill was approved.

THE HOME DEPOT JOINS TRALA AS NEWEST MEMBER

ALEXANDRIA, Va. (December 20, 2017) -- The Home Depot is the newest member of the Truck Renting and Leasing Association, or TRALA, the nonprofit national trade association that provides the unified and focused voice for the truck renting and leasing industry.
 

EnRoute - December 14, 2017





TRALA IN THE NEWS

The Truck Renting and Leasing Association (TRALA) was notified on December 12 by the Federal Motor Carrier Safety Administration (FMCSA) that they had granted TRALA's request for a 90-Day waiver from the Electronic Logging Device (ELD) Mandate for short-term rental trucks (defined as 30 days or less). This decision will give all TRALA members until March 18, 2018  to take the necessary steps to get their trucks in compliance with the mandate as well as work with their customers to make the transition to ELDs as seamless as possible. FULL STORY 




 

TOP STORIES

The U.S. Senate and the U.S. House of Representatives have introduced legislation that would require underride guards on sides and the front of trucks as a way to improve highway safety. FULL STORY 
 
The Federal Accounting Standards Board (FASB) has proposed tweaks to the new leasing standard that would give companies a pass in applying the new rules to their 2017 and 2018 financials.  The standard would only apply to new leasing arrangements. FULL STORY 
 
Commercial Carrier Journal has published a digital ELD Buyers Guide that provides information on electronic logging devices (ELDs) such as types, exemptions, deadlines, etc. FULL STORY 
 
HELP Inc. conducted a survey of 1,620 trucking professionals and 49% said they haven't selected an ELD with only one week until the mandate goes into effect. FULL STORY 

  



 

TECHNOLOGY TRENDS 

Enterprise Truck Rental has launched Enterprise Telematics which will help fleets run more efficiently and meet new federal operating standards.  Any commercial truck renter can utilize the Enterprise Telematics by adding it to the rental agreement. FULL STORY 
 
Daimler Trucks North America's (DTNA) new pilot program is using 3D printing technologies to produce plastic parts. During this pilot phase, DTNA will release a controlled quantity of 3D printed parts and will invite feedback from customers and technicians that receive them. FULL STORY 
 
ROADMAX headlight system has been added to Truck-Lite's line of custom LED headlight products. FULL STORY





 

BRIEFLY

GEOTAB has been awarded a five-year blanket purchase agreement to provide secure telematics solutions for the United States Department of Homeland Security. . .For the third year in a row, MICHELIN NORTH AMERICA is recognizing the people in the transportation industry who work "like busy elves" behind the scenes to make the holidays memorable. Michelin marks the season with its #KeepThanksMoving conversation in social and digital media.  A Thank You card can be downloaded from Michelinmedia.com to share your gratitude with these special individuals. . .MERITOR INC. has announced a strategic investment in TransPower, a provider of electrification technologies for large commercial vehicles.  Meritor expects this investment will accelerate the introduction of its flexible electric axle platform for various drivetrain configurations. . .J.J. KELLER & ASSOCIATES, INC. has updated their ELog app, making their Encompass ELog system fully compliant for the ELD mandate deadline. 

    




 

PEOPLE 

Effective June 1, 2018, MARTIN WEISSBURG will become President of Mack Trucks.  He will be replacing DENNIS SLAGLE, who will become a special projects leader reporting to Martin Lundstedt, President and CEO of Volvo Group. . .ED PENCE, the Vice President of Strategic Initiatives for Cummins Inc is retiring after 36 years with the company. . .Allison Transmission has promoted OTTO SZALAVARI  to managing director of global marketing. . .DAVID CARSON, currently Vice President of Freightliner Custom Chassis Corp. has been appointed President of Western Star Trucks and Chief Diversity Officer at Daimler Trucks North America.    



 

TAKING STOCK

A look at truck transportation industry Fortune 500 public companies.

Company

Symbol

12/14 Close 

Performance

 

Allison Transmission Holdings

ALSN

$40.78

$0.08

-0.20%

Avis Budget Group Inc.

CAR

$42.55

$0.15

-0.35%

Cummins Inc.

CMI

$168.55

$1.03

-0.61%

Dana Incorporated

DAN

$31.06

$0.58

-1.83%

Eaton

ETN

$76.44

$1.13

-1.46%

Navistar International Corp.

NAV

$40.15

$0.94

-2.29%

PACCAR Inc.

PCAR

$69.22

$0.88

-1.26%

Ryder System, Inc.

R

$81.07

$0.95

-1.16%

      



 

TRALA ANNOUNCEMENTS 

Register Today to Attend TRALA's 2018 Annual Meeting 
 
TRALA is hosting its 40th Annual Meeting April 8-11, 2018 at the Fairmont Scottsdale Princess in Scottsdale, Arizona. This is the largest gathering of leasing and rental executives in North America. More information including rates, agenda and travel information can be found by clicking here.
 
Registration is easy. Just click Yes to begin the registration process. TRALA's registration is also mobile-device friendly so you can register directly from your phone or tablet.
 
Please contact TRALA's Shannon Davison at sdavison@trala.org or by phone at (703) 299-9120 with any questions.

   







 

TRALA Granted a 90-Day Waiver from ELD Mandate

Today, the Truck Renting and Leasing Association (TRALA) was notified by the Federal Motor Carrier Safety Administration (FMCSA) that they have granted TRALA's request for a 90-Day waiver from the Electronic Logging Device (ELD) Mandate for short-term rental trucks (defined as 30 days or less). This decision will give all TRALA members until March 18, 2018  to take the necessary steps to get their trucks in compliance with the mandate as well as work with their customers to make the transition to  ELDs  as seamless as possible.