EnRoute - February 27, 2013
Canada has announced final regulations to reduce greenhouse gas emissions for trucks and buses that will mirror the regulations set to go into effect starting next year in the United States. FULL STORY
The Federal Motor Carrier Safety Administration (FMCSA) sent the final rule for the Unified Registration System to the White House Office of Management and Budget for review. This rule has been in the works for seven years. FULL STORY
MIT researcher Valerie Karplus is proposing that if the United States is looking to reduce fuel consumption and reducing harmful emission, then it should consider raising the gas tax that consumers pay at the pump rather than tightening efficiency standards for cars and trucks. FULL STORY
Eaton Corporation has appointed Tony Truelove as marketing manager for the company's North America Truck operations. . .Double Coin Holdings Ltd. and the China Manufacturers Alliance (CMA) LLC have appointed Valentino Faraone as Double Coin Northeast Regional Sales Manager. . .Sean Otterberg has been named as a special projects manager for Auto Truck Group. . .Ryder System, Inc. has announced that Thomas F. Pettit has joined the Supply Chain Solutions business segment as Senior Vice President and General Manager. . .Wolfgang Bernhard is going to assume the role as head of Daimler Trucks on April 1 and former chief executive Andreas Renschler is moving over to handle production and purchasing of Mercedes-Benz Passenger Cars & Mercedes-Benz Vans. . .Utility Trailer Manufacturing Company's CEO and Chairman of the Board, Paul Bennett, has been honored by the California Trucking Association (CTA). The honor recognizes Bennett's 50 plus years in the trucking industry. . .Mutsumi Miwa is returning to Mitsubishi Fuso Truck of America's U.S. headquarters to serve as chief financial officer. . .Tom Bradley has been named president and CEO of the Arizona Trucking Association by its board of directors.
Taking $tockA look at truck transportation-industry Fortune 500 public companies:
|Company||Symbol (Click for Chart)||02/27 Close||Performance|
|Allison Transmission Holdings||ALSN||$22.99||$0.63||+2.82%|
|Avis Budget Group Inc.||CAR||$23.35||$0.37||+1.61%|
|Goodyear Tire & Rubber||GT||$12.90||$0.00||0.00%|
|Navistar International Corp.||NAV||$24.75||$0.35||+1.43%|
SOURCE: Yahoo! Finance and bigcharts.com
Supreme Industries, Inc. has reported net income for 2012 improved to $11.8 million compared with net income of $800,000. in 2011. The company stated that gross profit increased 33.9% to $43.5 million, from 2011's $32.5 million. FULL STORY
Rush Enterprises, Inc. reported record annual revenues of $3.1 billion compared to $2.6 billion in 2011 and net income of $62.5 million, up 11 % over the previous year. FULL STORY
Groupe Michelin recorded net income of $2 billion on net sales of $27.6 billion last year. Its income-to-sales ratio was 7.3%, compared to 7% in 2011 which are based on the average exchange rate for 2012. FULL STORY
Dana Holding corporation reported a record net income for the full year of $300 million, compared with $219 million in the previous year. FULL STORY
Less than two weeks until TRALA's 2013 Annual Meeting, one of the largest gathering of rental and leasing executives in North America. The 2013 Annual Meeting is scheduled for March 11-14 at the Waldorf Astoria Naples in Naples, Florida. Click here to register to attend this important meeting.
News From TRALA
Mack Leasing/Volvo Truck Leasing, NationaLease, and PacLease are scheduled to hold meetings in conjunction with the TRALA meeting, which will create more efficiency for attendees wanting to connect with the entire industry. To view the meetings and events scheduled for March 11 through March 14, please click here.
Any questions should be directed to TRALA's Shannon Davison at (703) 299-9120 or by email at firstname.lastname@example.org