EnRoute- April 28, 2022

• By: Shannon Davison
• On: 04/28/2022 16:14:23
• In: EnRoute

TOP STORIES

Texas Governor Greg Abbott recently reversed an order he signed to increase inspections at the Mexican border after trucks were facing delays exceeding 5 hours at some Texas-Mexico border crossings and commercial traffic dropped by as much as 60%. FULL STORY
 
An electronic logging device made by INGtech has achieved third-party certification ahead of the Canada's enforcement of its ELD mandate in January 2023. FULL STORY
 
Trucks moved $69.2 billion worth of freight across the U.S. borders with Canada and Mexico in both directions in February, which is 16.3% higher than the $59.5 billion moved across borders during the same month a year ago, according to a U.S. DOT bulletin. FULL STORY

TECHNOLOGY TRENDS

Thermo King recently introduced the Precedent S-750i trailer refrigeration unit, its latest innovation in transport refrigeration for long-haul and local food distribution. FULL STORY
 
Netradyne announced new features and functionality for Driver-i and a customized training program for fleets. FULL STORY
 
The Goodyear Tire & Rubber Company has announced an expansion of its Mastercraft Courser portfolio, introducing the Courser Trail and Trail HD, as well as the Courser Quest and Quest Plus. FULL STORY
 
Michelin was recently provided $2 million from the California Energy Commission for its joint venture project with Faurecia known as Symbio to design and demonstrate a Class 8 FCEV in a regional haul application. FULL STORY

BRIEFLY

NAVISTAR plans to introduce an all-new integrated powertrain to the North American market, and it's preparing its powertrain manufacturing plant in Huntsville, Alabama, to build it. . . PENSKE TRUCK LEASING has recently opened a brand-new facility in Everett, Washington. Located at 2140 Railway Avenue, it is the first new build by the company in the state of Washington and also opened a second facility in Fontana, California that covers 34,031 square feet and includes six truck bays, an automated wash bay, and full-service fuel island. . . CUMMINS announced its Filtration business has confidentially submitted a draft registration statement on Form S-1 with the U.S. SEC for a proposed underwritten initial public offering (IPO) of newly issued common stock. . . DAIMLER TRUCK and its subsidiary, Torc, held an event to showcase the future of autonomous trucking. . . PACCAR PARTS will receive a supply of mobile 25kW and 50kW chargers frerom Heliox for Paccar's dealers and customers who are building their electric truck fleets. . . KENWORTH recently held a groundbreaking ceremony to kick off the construction of a new, “state-of-the-art” $45 million, 105,000-square-foot test building in Ohio. . . CONTINENTAL was recognized for the fourth time in a row with the highest grade rating, as a global leader in reducing emissions in the supply chain ("Supplier Engagement Rating") by international non-profit Carbon Disclosure Project. . . BENDIX added new capabilites to its e-commerce platform B2Bendix.com to provide more online tools to help meet specialized needs within the commercial vehicle aftermarket. . . GENERAL MOTORS recently submitted a patent for an autonomous driving system designed to teach student drivers that will measure student success with metrics from sensors in the training vehicles. . . COHN & DUSSI opened of a new office in Providence, Rhode Island to meet increased demand and support client needs in Rhode Island, Connecticut, New York, and Southern Massachusetts. . . UTILITY TRAILER MANUFACTURING produced its 200,000th trailer, a 4000D-X Composite dry van in Paragould, Arkansas which was purchased by the Target Corporation. . . THERMO KING expanded operations in Greenville County, South Carolina with a $30 million investment in the Palmetto State which will create 220 jobs and add nearly 300,000 square feet of manufacturing capacity, enabling and sustaining its future growth. . . BMO HARRIS BANK has been named one of the best employers for diversity for the fourth consecutive year by Forbes.

PEOPLE

Wells Fargo recently appointed TIM O'HARA as head of banking for corporate and investment banking origination and ROB ENGEL as chairman of banking.

NUMBERS

Preliminary used Class 8 same dealer sales grew 23% month-over-month in March, but were 23% lower compared to March 2021, according to the latest preliminary release from ACT Research. FULL STORY
 
March 2022 truck tonnage rose 3.8% compared with year-ago levels, and also posted a first-quarter gain over the same period in 2021, American Trucking Associations reported. FULL STORY
 
Dana Incorporated reported its 2022 first quarter financial results, noting that the company saw an increase of $217 million in sales compared to 2021. FULL STORY 
 
Paccar reported "excellent revenues and net income" for the first quarter of 2022, with consolidated net sales and revenues of $6.47 billion compared to $5.85 billion earned in the first quarter of 2021. FULL STORY 
 
Wabash reported higher profits and sales during the first quarter of 2022 as motor carriers and shippers rushed to purchase trailers to meet strong freight demand. FULL STORY




 

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