Blog
EnRoute - March 24, 2016
- By: Shannon Davison
- On: 03/24/2016 16:05:39
- In: EnRoute
TRALA in the News - TCF Equipment Finance, A Division of TCF National Bank is the newest Associate Member of the Truck Renting and Leasing Association. TCF Equipment Finance is recognized as one of the premier equipment finance companies in the U.S. They provide competitive financing solutions to customers in the transportation, construction and waste industries. FULL STORY
TRALA IN THE NEWS
Chevron recently joined TRALA as an Associate Member. Chevron Corporation is one of the world's leading integrated energy and technology companies, with subsidiaries that conduct business worldwide under the Chevron, Texaco and Caltex brands. FULL STORY
TRALA and its allies were successful on two fronts during the past week in Louisiana as it wrapped up its special legislative session. An attempt to eliminate the long-held exemption on sales tax for Interstate trucks, as well as an attempt to raise revenue through a rental tax that could have impacted trucks were defeated or altered in ways that TRALA had sought. FULL STORY
TOP STORIES
The Department of Transportation's monthly regulatory update shows they have pushed to April 22 as the projected publication date for the rule to require speed limiters on heavy-duty trucks. FULL STORY
The Federal Motor Carrier Safety Administration (FMCSA) has launched a webpage dedicated to providing resources for military veterans who want to transition into careers in the trucking industry. FULL STORY
The Department of Transportation has announced that they will hold two public hearings, one in Washington, D.C., and one in California, to get input on “how to best integrate the safe operation of automated vehicles.” FULL STORY
As job skill requirements continue to increase, today's younger workers are increasingly unable to meet both the physical qualifications and the knowledge. This can be problematic for industry like trucking, where the equipment is becoming highly sophisticated and business practices are shifting into the digital sphere. FULL STORY
TECHNOLOGY TRENDS
Daimler Trucks has unveiled the Highway Pilot Connect, a truck platooning system that has already been approved for use in a limited area in Germany, while its Highway Pilot autonomous driving system has been approved for use throughout the country. FULL STORY
Vigillo's BASIC Measure Analyzer is now included for all Carrier Select subscribers. FULL STORY
Volvo Trucks North America has unveiled its new model 2017 engines, which includes improvements to its D11 and D13 engines as well as its new Volvo D13 engine with turbo compounding. FULL STORY
The concept of downspeeding is not new, however engineers continue to find new ways to boost fuel economy. FULL STORY
BRIEFLY
Penske Truck Rental has launched their new website, www.pensketruckrental.com, with expanded mobile capabilities, enabling businesses to reserve trucks and customers to purchase supplies using their smartphones. . .Eaton has introduced a limited time aftermarket program that rewards the purchase of a heavy-duty factory remanufactured transmission with a free clutch. The promotion runs through the end of June. . .Goodyear Tire & Rubber Co. has overhauled its commercial tire website that allows fleets to find the best possible Goodyear Tire Solution. Smartphones, tablets, laptops, and desktops can all access the new website. . .Volvo Trucks North America has introduced its new logo. The new iron mark which will be on all Volvo Trucks printed materials, web pages and dealer signage moving forward. . .PeopleNet has integrated with a tire pressure monitoring system from Wabco. The wheel-mounted sensors in WABCO's Integrated Vehicle Tire Monitoring system wirelessly update tire pressures directly from each wheel into PeopleNet's in-cab system, alerting drivers to any tire pressure issues. . .J.J. Keller-sponsored musher Dallas Seavey sets new world record in fourth Iditarod victory.
PEOPLE
Cargotec has appointed Mikko Puolakka to Chief Financial Officer (CFO) as of May 1, 2016. . .Brian Cunningham has been named the new vice president of sales of GCR Tires & Service, a division of Bridgstone Americas Tire Operations (BATO). . .Meritor Wabco has named Matthew Stevenson has been named its new president and general manager. . .James Sharkey has been named senior director of global sales and marketing for Pressure Systems International (PSI).
TAKING STOCK
A look at truck transportation-industry Fortune 500 public companies:| Company | Symbol | 3/24 Close | Performance | |
|---|---|---|---|---|
| Allison Transmission Holdings | ALSN | $26.56 | $0.14 | -0.52% |
| Avis Budget Group Inc. | CAR | $27.05 | $0.49 | -1.78% |
| Cummins Inc. | CMI | $107.40 | $0.34 | -0.71% |
| Dana Holding Corp. | DAN | $13.64 | $0.30 | +2.25% |
| Eaton Corp. | ETN | $62.37 | $0.11 | -0.18% |
| General Electric | GE | $31.11 | $0.04 | +0.13% |
| Goodyear Tire & Rubber | GT | $32.18 | $0.03 | -0.09% |
| Navistar International Corp. | NAV | $12.24 | $0.10 | +0.82% |
| PACCAR Inc. | PCAR | $53.45 | $0.23 | -0.43% |
| Ryder | R | $64.74 | $0.06 | +0.09% |
SOURCE: Yahoo! Finance
MONEY MATTER$
The trucking industry has been a leading indicator for the economy and looking at North America Class 8 truck demand for the past two upcycles, a mild economic fallout by year's end is highly likely. FULL STORY
TRALA ANNOUNCEMENTS
Room Block for TRALA's Annual Meeting Closes Friday
If you have registered for the upcoming TRALA Annual Meeting, please make sure that you have secured your room reservations as the room block closes on Friday, March 25. If you are experiencing any problems, please contact TRALA's Shannon Davison.