Blog
EnRoute - November 9, 2017
- By: Shannon Davison
- On: 11/09/2017 15:57:13
- In: EnRoute
On November 2, 2017 the Chairman of the House Ways and Means Committee Kevin Brady (R-TX) released H.R. 1, The Tax Cuts and Jobs Act. The bill seeks to comprehensively reform the United States Tax Code for the first time in 30 years, by consolidating tax brackets, eliminating tax credits, and lowering rates for C-Corporations and pass-throughs. FULL STORY
TOP STORIES
The Unified Carrier Registration (UCR) for 2018 has been delayed while the Federal Motor Carrier Safety Administration (FMCSA) completes the rulemaking process for next year's fees. FULL STORY
The U.S. Court of Appeals for the D.C Circuit has granted a stay as requested by the Truck Trailer Manufacturers Association in its petition for a review of the trailer component of the federal government's heavy-duty truck fuel efficiency and greenhouse gas emissions standards (GHG2). FULL STORY
According to a recent study by CarrierLists, 60 percent of fleets running between 1 and 100 trucks have yet to adopt ELDs. FULL STORY
The U.S. Court of Appeals for the D.C Circuit has granted a stay as requested by the Truck Trailer Manufacturers Association in its petition for a review of the trailer component of the federal government's heavy-duty truck fuel efficiency and greenhouse gas emissions standards (GHG2). FULL STORY
According to a recent study by CarrierLists, 60 percent of fleets running between 1 and 100 trucks have yet to adopt ELDs. FULL STORY
A transportation specialist with FMCSA is suggesting that drivers making the transition to ELDs should start by using paper logs and relying on their new electronic devices as a form of supporting documentation. FULL STORY
BRIEFLY
TECHNOLOGY TRENDS
Ryder System has teamed with Geotab to launch the Ryder electronic logging device platform for commercial rental customers in North America. FULL STORY
BRIEFLY
RYDER SYSTEM, INC. has been selected for the U.S. Chamber of Commerce's Hiring Our Heroes Lee Anderson Veteran and Military Spouse Employment Award for over all excellence in hiring and retaining veterans, transitioning service members, and military spouses. . .J.J. KELLER & ASSOCIATES has been named to ALM's Consulting magazine's list of Fastest-Growing Firms for the third consecutive year. . .M&K TRUCK CENTERS has acquired Wilkes-Barre Truck Center as the first M&K dealership in Pennsylvania. . .MACK TRUCKS has announced that it has entered into a Memorandum of Understanding with Lytx, a provider of video services that help enhance the safety, efficiency, productivity and profitability of fleets.
JOSEF KORY is been named as its new Senior Vice President of Parts for Navistar International. . .SCOTT PERRY, formerly Chief Technology and Procurement Officer for Ryder's Fleet Management Solutions division, has been named Chief Operating Officer of Nikola Motor Company. . .Pressure Systems International (P.S.I.) has promoted JONATHAN GRAVELL to the new position of Vice-President, Business Development. . .Kalmar Business Area has appointed GUENTER SCHMIDMEIR to Senior Vice President, Global Terminal Operators. . .The U.S. Senate Commerce, Science and Transportation Committee unanimously voted to approve the confirmation of RAYMOND P. MARTINEZ to the head of the Federal Motor Carrier Safety Administration. Martinez must now be confirmed by the full Senate to assume the post. . .LORRAINE CARD has decided to retire after three years as president of the Alberta Motor Transport Association. . .The Federal Motor Carrier Safety Administration is expected to name CATHY GAUTREAUX, Executive Director of the Louisiana Motor Transport Association, as the agency's next deputy administrator.
Allison Transmission Holdings Inc. net income and revenue surged in the third quarter as all segments performed well. The net income was $111 million compared with $45 million in the 2016 period. FULL STORY
PEOPLE
TAKING STOCK
A look at truck transportation industry Fortune 500 public companies.
|
Company
|
Symbol
|
11/09 Close
|
Performance
|
|
Allison Transmission Holdings
|
ALSN
|
$43.18 |
$0.50
|
-1.14%
|
|
Avis Budget Group Inc.
|
CAR
|
$33.90
|
$1.42
|
-4.03%
|
| Cummins Inc. | CMI | $167.99 | $3.39 | -1.98% |
| Dana Incorporated | DAN | $30.58 | $0.55 | -1.77% |
| Eaton | ETN | $77.81 | $1.24 | -1.57% |
| Navistar International Corp. | NAV | $39.46 | $1.46 | -3.57% |
| PACCAR Inc. | PCAR | $69.42 | $1.10 | -1.56% |
| Ryder System, Inc. | R | $78.90 | $1.31 | -1.63% |
NUMBERS
Cummins Inc. has reported $453 million for third quarter net income, an increase of 57% compared with $289 million in third quarter 2016. FULL STORY
Allison Transmission Holdings Inc. net income and revenue surged in the third quarter as all segments performed well. The net income was $111 million compared with $45 million in the 2016 period. FULL STORY
Eaton had improved third quarter revenue and earnings, in part, on the improved strength of Class 8 market. The company reported net income of $1.4 billion, up from $523 million in last year's third quarter. FULL STORY
ACT Research Co. has reported that North American Class 8 net orders have significantly surpassed expectations, rising to 36,200 units. FULL STORY
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TRALA ANNOUNCEMENTS
Register Today to Attend TRALA's 2018 Annual Meeting
TRALA is hosting its 40th Annual Meeting April 8-11, 2018 at the Fairmont Scottsdale Princess in Scottsdale, Arizona. This is the largest gathering of leasing and rental executives in North America. More information including rates, agenda and travel information can be found by clicking here.
Please contact TRALA's Shannon Davison at sdavison@trala.org or by phone at (703) 299-9120 with any questions.