EnRoute - November 19, 2014
The Republican sweep in the mid-term elections will have them taking control next year and able to assert their leadership of key transportation committees. It is still unclear how it will affect transportation policy. FULL STORY
A Federal Motor Carrier Safety Administration (FMCSA) rule proposal that would increase the minimum amount of liability insurance carriers must have cleared the White House's Office of Management and Budget (OMB). The proposed rule is now ready for publication in the Federal Register. FULL STORY
In Bill Bosco's latest report on the FASB/IASB lease accounting project, he states that there is still more work to be completed and he does not expect a final standard until 2015. FULL STORY
FMCSA's Electronic Logging Device (ELD) rule which is expected to be published next year, will require manufacturers to register their devices and certify they meet technical standards. On Tuesday, October 28, 2014, in a Federal Register notice, the agency asked for comments on its plan to fulfill this requirement. FULL STORY
A study of the trucking industry trends in social media was recently completed by TrueVoice on behalf of GE Capital, Transportation Finance. The study was conducted to better understand the challenges adn issues that are most important to the industry and where those conversations were taking place online. FULL STORY
The industry needs to start exploring new avenues such as recruiting women, to address the truck technician shortage. FULL STORY
The Pride and Class is a new special edition Model 389 from Peterbilt which is already in production and shipping to customers. FULL STORY
Thermo King has enhanced its S-600M model of the Precedent S-Series line. The new enhancement allows products to be shipped with multi-temp capabilities. FULL STORY
Truck Bucks, the Daimler Trucks North America rewards program, has unveiled a new website that will provide more benefits to Truck Bucks members, www.MyTruckBucks.com. . .Zonar, a Seattle-based supplier of fleet telematics, was named number two on a recent list of big data software companies published by the Puget Sound Business Journal. . .Employees at Kenworth Truck Company's assembly plant in Chillicothe, OH, gathered for a brief ceremony this week at the plant to welcome back the Kenworth T880 with its special load … the official 2014 U.S. Capitol Christmas Tree. . .Double Coin's RT600 and RR202 tires have met the requirements for the U.S. Environmental Protection Agency's (EPA) SmartWay Technology Program. . .Isuzu Commercial Truck of America, Inc. has announced an exclusive collaboration with Telogis which will offer about 1,000 customers the benefits of a telematics service, while Isuzu will get emissions data to better predict the operating systems for future emissions requirements. . .Navistar has announced that its Dealer Education team has received certification from the National Institute of Automotive Service Excellence (ASE) for the company's dealer training programs. . .PeopleNet and its sister company ALK have made it possible this year to track the Capitol Christmas Tree in real-time on its 2,000-mile journey to Washington, D.C. Along the route, the “People's Tree” will be featured in more than 30 celebrations as it travels with a caravan of caretakers. Seventy companions trees will also be provided by the Minnesota Christmas Tree Growers Association to decorate the inside of the U.S. Capitol building and other sites in Washington, D.C.
Bill Lyons is returning to Mitsubishi Fuso Truck of America as vice president of sales operations. He is replacing Mike Rumsey, who is leaving the company. . .Vanguard Truck Centers has named John M. Thomas executive vice president of sales for the company. . .Gerard DeVito is the new vice president, technology, vehicle group for Eaton. . .Cummins Inc. has appointed Tracy Embree as president of the components group. She will take on this new role January 1, 2015. . .Navistar has restructured its leadership team after the retirement of Jack Allen, vice president and chief operating officer. Bill Kozek, president of Navistar's North America truck and parts, has been promoted to president of truck and parts and is adding global/export truck and part sales, product planning and Navistar defense to his current responsibilities. Persio Lisboa, senior vice president and chief procurement officer, has been promoted to president of operations and is now also responsible for product development, manufacturing and global business.
Taking $tockA look at truck transportation-industry Fortune 500 public companies:
|Company||Symbol (Click for Chart)||11/19 Close||Performance|
|Allison Transmission Holdings||ALSN||$33.45||$0.30||-0.89%|
|Avis Budget Group Inc.||CAR||$59.56||$0.38||-0.63%|
|Dana Holding Corp.||DAN||$21.09||$0.02||-0.09%|
|Goodyear Tire & Rubber||GT||$25.975||$0.25||+0.97%|
|Navistar International Corp.||NAV||$35.83||$0.71||-1.94%|
SOURCE: Yahoo! Finance
PACCAR reported it earned $371.4 million in the third quarter of 2014, an increase of 20% compared to $309.4 million earned in the same quarter in 2013. FULL STORY
Cummins third quarter revenue was $4.9 billion, a 15% increase from the third quarter in 2013. The company attributed the increase to stronger demand for on-highway markets and distributor acquisitions in North America. FULL STORY
The Goodyear Tire & Rubber Company had a record segment operating income of $520 million for the third quarter of 2014. This figure is up 21% from 2013. FULL STORY
Supreme Industries, Inc. reported that consolidated net sales from continuing operations increased to $58 million in the third quarter of 2014, this is an increase of 2.2% over the $56.7 million in the same period last year. FULL STORY
News From TRALA
Registration Open of TRALA's 2015 Annual Meeting
You don't want to miss out on attending one of the largest gathering of rental and leasing executives in North America. The 2015 Annual Meeting is scheduled for March 15-19 at the Omni Amelia Island Plantation Resort in Amelia Island, Florida. Click here to register to attend this important meeting.
Mack Leasing/Volvo Truck Leasing, NationaLease and PacLease are scheduled to hold meetings in conjunction with the TRALA meeting, which will create more efficiencies for attendees wanting to connect with the entire industry. To view the meetings and events scheduled for March 15 through March 19, please click here.
Hotel reservations for the Annual Meeting will only be accepted through the Annual Meeting registration form or by contacting TRALA's Shannon Davison. The information provided in the registration form will be submitted to the hotel on your behalf. No credit cards are required to guarantee your reservation at this time. Hotel confirmation numbers will be forwarded to all guests by a member of the TRALA staff as quickly as possible.
Any questions should be directed to TRALA's Shannon Davison by email at email@example.com or contacting the TRALA staff at (703) 299-9120.