EnRoute - June 18, 2014
The U.S. House of Representatives has passed the Department of Transportation (DOT) appropriations bill (H.R. 4745) which included an amendment sponsored by Congressman Steve Daines (R-MT) that blocks an increase in the minimum liability insurance for motor carriers. FULL STORY
Congressman James Lankford (R-OK) has introduced H.R. 4715, the Orphan Earmarks Act, which would rescind and remove idle earmarks for Department of Transportation projects. Some earmarks were approved over 20 years ago. Similar legislation has been introduced in the Senate by Senator Tom Coburn (R-OK) and Senator Claire McCaskill (D-MO). FULL STORY
The public-private “SuperTruck” program, is reporting significant engine and freight efficiency gains by truck and engine manufacturers. FULL STORY
Bridgestone Commercial Solutions (BCS) has expanded its dealer network training programs in its BCS Learning Center to better accommodate today's diverse learning styles with courses in e-learning, mobile learning, performance-based, active instructor-based and mentor options. FULL STORY
Morgan Corporation has introduced a new Cold Plate refrigeration system which generates and maintains the coldest temperatures available. The new system also saves fuel and does not require idling at stops as the system maintains proper and efficient body temperature. FULL STORY
PHH Arval has launched Clarus, Clarus Driver and PHH Xplore, which are three new easy-to-use technology platforms with advanced analytics capabilities. FULL STORY
As the Transportation Safety Equipment Institute (TSEI) is seeing more requests from trucking fleets and trailer builders to add innovative lighting devices, the group has to work with the industry and regulators to ensure everyone understands what is permissible in supplemental lighting. FULL STORY
Mack Trucks has updated its website, www.macktrucks.com, to create a more customer-focused site that is optimized for mobile devices. . .MHC Kenworth has announced it has acquired a dealership in Chillicothe, Ohio, from Hissong Group, a parent company to five Kenworth dealerships in Ohio. . .Bridgestone Corp. has entered into an agreement with the International Olympic Committee to be a worldwide Olympic partner through the 2024 Olympic Games and includes any Youth Olympic Games which may be held during the term 2017 to 2024. . .Hino Trucks has announced that it is partnering with Telogis to release its next-generation platform for Hino INSIGHT. The partnership is exclusive and involves multiple layers of cooperation from sales support to technical training for customers. . .Carolina International Trucks has broken ground on a renovation and expansion project at its Charleston, SC facility. . .Continental Commercial Vehicles & Aftermarket is making available free of charge a comprehensive glossary of industry terms specific to Tire Pressure Monitoring Systems (TPMS). . .Isuzu Commercial Truck of America is celebrating its 30th anniversary of Isuzu trucks in the U.S. market this year. To celebrate the anniversary, the company has restored the very first Isuzu ever sold in the U.S., the KS22. The truck arrived on November 10, 1984 at the Port of Jacksonville, Florida and had no tilt cab and was powered by an 87-horsepower engine. . .Dana Holding Corporation has been recognized by Hino Trucks with its Excellence in Quality Improvement Award. Dana accepted the award which recognizes superior improvement in parts-per-million (PPM) defect performance.
Greg Howlett, former director of sales at Mack Trucks Inc., has been named as vice-president Canada region with Volvo Trucks and will succeed Brent Weary, who is retiring after 17 years with Volvo Trucks. . .Maxon Lift Corp. has hired Benjamin Buchanan, James Richardson and Matt Fuhrmeister as new area sales representatives for the company. . .Jay Craig has been appointed president and chief operating officer for Meritor. He was previously senior vice president and president of Meritor's Commercial Truck and Industrial Segment. The company has also appointed Mark Evans to senior director, field sales, aftermarket, North America. . .Hercules Manufacturing Company has hired Ian McCarter as an Auto Cad Operator.
Taking $tockA look at truck transportation-industry Fortune 500 public companies:
|Company||Symbol (Click for Chart)||6/18 Close||Performance|
|Allison Transmission Holdings||ALSN||$30.89||$0.57||+1.88%|
|Avis Budget Group Inc.||CAR||$58.54||$1.14||+1.99%|
|Dana Holding Corp.||DAN||$23.61||$0.06||+0.25%|
|Goodyear Tire & Rubber||GT||$27.20
|Navistar International Corp.||NAV||$37.44||$0.44||+1.19%|
SOURCE: Yahoo! Finance
To support the demand in North America and Latin America, Goodyear Tire & Rubber Company has made an update to its 2014-2016 capital allocation plan that will allow the company to invest approximately $500 million to build a new consumer tire plant. FULL STORY
PHH Corp. has agreed to sell PHH Arval for $1.4 billion in a cash deal to Element Financial Corp. The deal is expected to close before July 31, 2014. FULL STORY
Comdata is seeking to raise $855 million in debt financing as a part of a plan to retire some of its parent company's debt ahead of the Comdata initial public offering. FULL STORY
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