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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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EnRoute- January 23, 2020

The rental and leasing market for medium and heavy-duty truck sales in North America is expected to expand at a CAGR of 5.4% from 2019 to 2025. FULL STORY





TOP STORIES

Starting in 2020, the California Department of Motor Vehicles will deny the registration of any non-compliant diesel-fueled vehicle over 14,000 pounds Gross Vehicle Weight Rating (GVWR). FULL STORY
 
According to ACT Research's latest State of the Industry: NA Classes 5-8 Report, the U.S. economy is poised to expand by 1.8% in 2020. FULL STORY
 
Blockchain technology has had an interesting couple of years. The technology that underpins Bitcoin, Ethereum and other cryptocurrencies has developed a complicated reputation. 
FULL STORY





 

TECHNOLOGY TRENDS


When will electric trucks enter production? Upstart electric truck manufacturers might be overly aggressive when announcing production timelines. FULL STORY
 
The Goodyear Tire & Rubber Company has unveiled AndGo, a vehicle servicing platform that combines predictive software and a national service network to enable fleets to be ready to go when they are needed. FULL STORY
 
Geotab has released electric vehicle suitability assessment (EVSA) and electric vehicle battery degradation tools for the North American market to help fleets of all types and sizes better understand the intricacies of electric vehicles.
FULL STORY





 

BRIEFLY

VELOCITY TRUCK CENTERS has acquired Central California Truck and Sales, an independent used-truck and new/used trailer retailer. . . WELLS FARGO recently donated $250,000 to the American Red Cross from the Wells Fargo Foundation in response to the recent wildfires in Australia. . . MERITOR INC. has acquired all the outstanding common shares of Transportation Power, Inc. . . TRIMBLE announced that it's acquiring Kuebix in a deal that it says will connect North America's largest network of shippers and carriers through a single transportation management system platform.. . . VOLVO FINANCIAL SERVICES has invested in REIN, an insurtech start-up company, to deploy the next generation of connected insurance services to the commercial transport industry.




 

PEOPLE

Hendrickson has announced that MATT JOY has been promoted to chief operating officer. . . SATHISH MUTHUKRISHNAN recently joined Ally Financial as its chief information, data and digital officer. . . Wabash National Corporation has appointed MIKE PETTIT as senior vice-president and chief financial officer. . . CHRIS VILLAVARAYAN was recently made executive vice-president and chief operating officer


 

NUMBERS

 

WardsAuto.com has reported that U.S. Class 8 retail sales in December dropped 11.4% compared with a year earlier, but for the full year posted the highest annual sales since 2006. FULL STORY
 
The Goodyear Tire & Rubber Co. announced a new venture capital fund, Goodyear Ventures, with $100 million targeted for new investments in future mobility solutions over the next 10 years. FULL STORY
 
Medium-duty truck sales in December rose nearly 5% overall compared with a year earlier and annual volume for 2019 was the highest since 2006.
FULL STORY

 




 

TRALA ANNOUNCEMENTS

 

Annual Meeting Early Bird Registration Deadline Extended!

Register today for TRALA's 2020 Annual Meeting which will be held March 29 - April 1 at the Hyatt Regency Coconut Point in Bonita Springs, Florida. Early bird rates end on January 31, 2020. More information including rates, agenda and travel information can be found by clicking here.
 
Ready to register? Click here.
 
If you have any questions, please contact TRALA's Shannon Davison at sdavison@trala.org or Jennylynne Bowman at jbowman@trala.org.