Blog
EnRoute - June 15, 2017
- By: Shannon Davison
- On: 06/15/2017 15:32:37
- In: EnRoute
TRALA IN THE NEWS - On June 2, 2017 the Federal Motor Carrier Safety Administration (FMCSA) agreed with TRALA and hundreds of trucking companies when it withdrew its November 28, 2014 advance notice of proposed rulemaking (ANPRM) concerning financial responsibility for motor carriers, freight forwarders, and brokers. FMCSA is authorized to establish minimum levels of insurance set by Congress. After reviewing all public comments to the ANPRM, FMCSA has determined that it had insufficient data or information to support moving forward with a rulemaking proposal at this time. FULL STORY
TRALA IN THE NEWS
Recently, Nevada governor Brian Sandoval signed into law TRALA-supported Senate Bill 31. The legislation will allow lessors the ability to reclaim their vehicles by having law enforcement impound the vehicle rather than seizing the plates in the case of a lessee having an out-of-service order placed against them. FULL STORY
TOP STORIES
Deputy Secretary Jeffrey Rosen will serve as DOT's Regulatory Reform Officer and chairman of the department's Regulatory Reform Task Force.
FULL STORY
While telematics solutions are not new to the fleet market, there are many underutilized aspects of telematics. FULL STORY
TECHNOLOGY TRENDS
Ryder System, Inc. has launched a new cloud-based app called Ryder NaviShare that allows trucking professionals and others in the supply chain to track freight in real time. FULL STORY
Cummins will plan to introduce a full electrified powertrain solution for the urban transportation market by 2019. FULL STORY
Michelin unveils futuristic concept tire which was produced through a design process and co-constructed with users from bio-sourced and biodegradable materials. FULL STORY
BRIEFLY
PENSKE TRUCK LEASING has entered into an agreement to acquire OLD DOMINION TRUCK LEASING. . . J.J. KELLER & ASSOCIATES, INC. has announced that the United States Patent and Trademark Office has issued U.S. Patent No. 9,646,351 - further extending the company's intellectual property portfolio as it relates to technology using GPS to define a geo-fence, which will help fleets improve the accuracy of their fuel tax reporting. . .MICHELIN has agreed to acquire telematics provider NexTraq from FleetCor. . .ISUZU COMMERCIAL TRUCK OF AMERICA has had its 40,000th gasoline-powered Isuzu N-Series truck rolled off the production line at the Spartan Motors assembly plant in Charlotte, MI back on June 8th of this year.
TAKING STOCK
A look at truck transportation industry Fortune 500 public companies.
|
Company |
Symbol |
6/15 Close |
Performance |
|
Allison Transmission Holdings |
ALSN |
$37.13 |
$0.34 |
-0.91% |
|
Avis Budget Group Inc. |
CAR |
$23.19 |
$1.21 |
-4.96% |
|
Cummins Inc. |
CMI |
$161.70 |
$2.21 |
+1.39% |
|
Dana Incorporated |
DAN |
$22.28 |
$0.14 |
+0.63% |
|
Eaton |
ETN |
$76.14 |
$0.80 |
+1.06% |
|
Navistar International Corp. |
NAV |
$27.12 |
$0.21 |
-0.77% |
|
PACCAR Inc. |
PCAR |
$65.11 |
$1.22 |
+1.91% |
|
Ryder System, Inc. |
R |
67.74 |
$0.26 |
+0.39% |
NUMBERS
J.D. Power Valuation Services recent report, May 2017 Commercial Truck Guidelines Industry Update, shows that the pricing of used commercial vehicles has begun to level out despite higher volume during April 2017. FULL STORY
President Trump's 2018 proposed budget slashes the Department of Energy's Vehicle Technology program funding, reducing it from $310 million in fiscal year 2016 to just $82 million. The cuts also include terminating funding for the Clean Cities program. FULL STORY
TRALA ANNOUNCEMENTS
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