EnRoute - July 23, 2014
The Lease Accounting Project that was launched back in 2006 continues to show little sign of a resolution this year. Disagreements between the IASB and FASB suggest that the final standard is unlikely to take shape until next year. FULL STORY
After strong opposition from TRALA and several of its allies, the Washington DC City Council has officially abandoned legislative language that would have banned new diesel-powered motor vehicles from operating in the District. FULL STORY
The National Highway Traffic Safety Administration (NHTSA) will issue an advanced notice of proposed rulemaking pertaining to rear impact/underride guards and other safety strategies for single unit trucks. The agency is also expected to issue a notice of proposed rulemaking focusing on rear impact guards for trailers and semitrailers. FULL STORY
Cummins Inc. has developed a new engine/powertrain combination that is fueled by E85 and cuts carbon-dioxide (CO2) emissions by 50% to 80% vs. a baseline gasoline-powered medium-duty truck. The ETHOS 2.8L engine is undergoing a final on-road validation testing phase through this month. FULL STORY
Isuzu Commercial Truck of America introduced a new addition to its N-Series line of medium-duty low cab forward trucks, the NPR-XD medium-duty. This truck is designed to bridge the gap between the OEM's 14,500 lb. NPR-HD and 17,950 lb. GVWR NQR. FULL STORY
MyCleanDiesel.com was launched by Donaldson Co. as an online resource for users with questions related to diesel fuel cleanliness and its effect on equipment. FULL STORY
Tommy Gate has released a new series of gates, the Tuckunder Series liftgate (TKT), for flatbed, stake and van bodies. The new models incorporate a state-of-the-art, wide-arm, dual-cylinder design, along with numerous installation, operation, and service features. FULL STORY
Daimler Trucks North America has broken ground at the site of its new headquarters building on Swan Island in Portland, OR. The new headquarters will serve to merge DTNA employees currently in other offices and to accommodate approximately 400 new positions. . .Clean Energy Fuels plans to double the compressed natural gas station capacity at Saddle Creek Transportation's natural gas station in Lakeland, FL. . .Volvo Trucks North America is partnering with Telogis to make the firm's first fleet-management solutions optionally available alongside the truck OEM's standard Remote Diagnostics telematics service on its existing “connected-vehicle platform”. . .Vigillo has partnered with U.S. Legal Services to add a new premium channel to its Athena business intelligence platform. . .Bridgestone Americas Tire Operations has a new logo and a new look. The company is rebranding its well-established GCR Tires & Services division. . .Kenworth Truck Company's assembly plant in Renton, WA, has earned a 2014 Best Workplace for Waste Prevention and Recycling Award from the King County Solid Waste Division for exceptional efforts to reduce, reuse and recycle. This marks the sixth consecutive year that Kenworth- Renton has received the award.
Goodyear Tire & Rubber Co. has hired Kristina Schnepf as vice president of communications for its North America business unit. . .Samara Strycker has been named senior vice president and corporate controller for Navistar International Corp. . .Commercial Vehicle Group has hired Ulf Lindqwister as the company's chief administrative officer and Pat Miller is now the president of Global Truck and Bus.
Taking $tockA look at truck transportation-industry Fortune 500 public companies:
|Company||Symbol (Click for Chart)||7/23 Close||Performance|
|Allison Transmission Holdings||ALSN||$32.06||$0.30||+0.94%|
|Avis Budget Group Inc.||CAR||$60.19||$0.20||+0.33%|
|Dana Holding Corp.||DAN||$22.96||$0.11||+0.48%|
|Goodyear Tire & Rubber||GT||$28.43||$0.23||+0.82%|
|Navistar International Corp.||NAV||$37.85||$0.02||+0.05%|
SOURCE: Yahoo! Finance
Volvo Group has reported that during the second quarter of 2014, the company's global truck deliveries of 53,223 were up 2% from the same period in 2013. The company's Mack brand North American truck deliveries during the second quarter were 6,073, a 9% increase from that same period a year ago. FULL STORY
Rush Enterprises, Inc. has announced a net income of $19.8 million for the quarter that ended on June 30, 2014. This is compared to $5.6 million in the quarter that ended on June 30, 3013. FULL STORY
The Virginia Tech Transportation Institute has been awarded a contract by the Federal Motor Carrier Safety Administration and one from the National Highway Traffic Safety Administration, worth a combined potential $55 million to further study safety efforts for commercial truck drivers and conduct research in the field of automated vehicles. FULL STORY
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