EnRoute - September 19, 2019
TRALA IN THE NEWS -On September 12, 2019, TRALA submitted an amicus brief to the Michigan Supreme Court regarding the case of Robertson vs. U-Haul of Michigan. The case revolves around a customer that rented a truck from U-Haul and then ultimately allowed the vehicle to be used by a third party, without the knowledge of U-Haul, and that person committed a crime while utilizing the truck. FULL STORY
A poll from Deloitte shows that 26.3% of public company executives report that their implementation of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board lease accounting standards is complete. FULL STORY
Some have forecasted that autonomous vehicles will eliminate 2-3 million trucking jobs over the next several years, however in a study in the Industrial and Labor Relations Review, they believe those projections are overstated. FULL STORY
Volvo Trucks is rolling out new technology in North America including Volvo Dynamic Steering, Volvo Active Driver Assist 2.0 and the next generation of the OEM's Turbo Compound engine will be in the OEM's Class 8 trucks by next year. FULL STORY
According to an IBM survey, more than 120 million workers globally will need retraining in the next three years due to artificial intelligence's impact on jobs. FULL STORY
Daimler Trucks has started testing Level 4 automated trucks on public highways in southwest Virginia with Torc Robotics. FULL STORY
BENDIX SPICER FOUNDATION BRAKE broke ground on a 130,000 square foot expansion of its wheel-end manufacturing facility in Bowling Green, Kentucky. . .ALLISON TRANSMISSION HOLDINGS INC. has acquired the assets and certain liabilities of Walker Die Casting and C&R Tool and Engineering. . .RYDER SYSTEM, INC. has expanded its peer-to-peer truck sharing platform, COOP by Ryder, to Orlando, Florida. This digital platform allows fleet owners to generate revenue by simply renting their idle commercial vehicles to other businesses, providing a new source of rental trucks and trailers to a network of carefully vetted companies. . .SUMMIT TRUCK GROUP has agreed to purchase WIETHOP TRUCK SALES, an International Trucks dealership located in Cape Girardeau, Missouri. . .RUSH TRUCK CENTERS OF CANADA has completed the acquisition of assets of ARCHER TRUCK SERVICES LIMITED in St. Catherines and Welland, Ontario.
WardsAuto.com has reported that U.S. retail sales of medium-duty trucks in August continued to climb with sales hitting 23,154 - up 8.3% compared with 21,370 a year earlier. FULL STORY
The Department of Transportation has announced $60 million in awards to research groups and state departments of transportation that are exploring projects related to vehicle automation. FULL STORY
For the second time this year, the Federal Reserve lowered their main interest rate by a quarter percentage point. FULL STORY
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