EnRoute - May 28, 2014
The U.S. Senate Environment and Public Works (EPW) Committee has sent its federal transportation package to the full Senate. The bill, S.2322, “The MAP-21 Reauthorization Act,” now awaits action by the Senate Finance committee, which must find a way to pay for it in light of a failing Highway Trust Fund; the Commerce committee which will examine safety and regulatory issues; and the Banking committee will review transit programs. FULL STORY
A new paper issued by the United Nations Economic Commission for Europe concluded that diesel road vehicles were the cause of only a small percentage of particulate matter in Europe and the United States compared to the economic sectors like the commercial, institutional and household sectors. FULL STORY
The Federal Motor Carrier Safety Administration (FMCSA) has extended its comment period for its proposed electronic logging device mandate, pushing back the comment period 30 days to June 26, 2014. FULL STORY
The National Biodiesel Board recently conducted a study and found that 80% of U.S. biodiesel producers have scaled back production this year and more than half have idled production at a plant altogether since the $1 per gallon biodiesel tax credit expired on January 1, 2014. This marks the third time in five years that Congress has allowed it to lapse. FULL STORY
J.J. Keller & Associates has reached an agreement with Verizon Networkfleet to develop the trucking industry's first integrated, GPS fleet management solution, to provide complete performance and compliance management. FULL STORY
The Detroit division of Daimler Trucks North America is rolling out a new integrated powertrain package which will link together a proprietary engine, automated transmission and axles which is expected to be available in January 2015. FULL STORY
PeopleNet has made available a new analysis of the issues fleets should consider in complying with the Electronic Logging Device (ELD) Mandate and the new law for tracking hours of service (HOS). FULL STORY
M&K Quality Truck Sales is now operating under a new name and will be known as M&K Truck Centers. The company has also unveiled a new identity and will soon be showing a full redesigned website, www.mktruckcenters.com. The company ownership and staff have not changed. . .Donlen has announced an alignment with Jim Pattison Lease, a Canadian fleet management company. Under the agreement, the co-branded Donlen/Jim Pattison Lease maintenance product will provide Canadian customers with fleet management services from coast-to-coast and offer an established vendor network of service and repair facilities. . .Penske Truck Rental has extended its #OneWay4PVA fundraising effort to benefit Paralyzed Veterans of America's Mission: ABLE campaign for a second year. . .MHC Kenworth is opening a new dealership in Conyers, GA, it will be the company's seventh location in Georgia. . .The Volvo Group will build a 1-million-square-foot central parts distribution center in Byhalia, MS, to support its Mack, Volvo and UD truck brands, as well as the Volvo Construction Equipment brand and Volvo Penta marine business.
Stan Mikalonis is the new vice president of National Accounts for Mack Trucks. He is succeeding Mike Reardon, who will serve as vice president for the Western Region. Reardon is replacing John Thomas, who is retiring from this position. . .Tallman Truck Centre has hired Chris Hutter as vice president of sales for its Mississauga location. . .PHH Arval has named Gary Anderson senior vice president and chief business development officer for North America. The company has also named Michele Cunningham as senior vice president of strategic development and Bob Sandler as senior vice president of customer experience and enterprise consulting.
Taking $tockA look at truck transportation-industry Fortune 500 public companies:
|Company||Symbol (Click for Chart)||5/28 Close||Performance|
|Allison Transmission Holdings||ALSN||$30.75||$0.23||-0.74%|
|Avis Budget Group Inc.||CAR||$56.96||$0.23||-0.40%|
|Dana Holding Corp.||DAN||$22.21||$0.01||-0.05%|
|Goodyear Tire & Rubber||GT||$26.16||$0.14||-0.53%|
|Navistar International Corp.||NAV||$34.67||$0.33||-0.94%|
SOURCE: Yahoo! Finance
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