EnRoute - July 31, 2013
Congressman Matt Cartwright (D-PA) has introduced legislation, the Safe and Fair Environment on Highways Achieved through Underwriting Levels Act (H.R. 2730), that would increase the required insurance minimum for motor carriers from $750,000 to $4.422 million. The bill would also tie the future insurance minimum requirement to the cost of medical care inflation. FULL STORY
President Obama has proposed a tax reform deal that would call for a frontloaded $40 billion infrastructure investment, to include $40 billion for deferred maintenance on highways, bridges, transit systems and airports. His plan would also support lowering the corporate tax rate from 35% to 28%, and to 25% for manufacturers. FULL STORY
The California Air Resources Board (CARB) has notified reefer owners that owners of reefers or TRU gen sets can apply for a compliance deadline extension in order to meet California's Ultra-Low-Emission TRU (ULETRU) requirements for model year 2003 and older engines. FULL STORY
Freightliner has created a new 113-inch BBC day cab Cascadia with advanced aerodynamics and will include a natural gas system that will be fully enclosed behind the side and back of the cab in aerodynamic fairings. FULL STORY
Bridgestone Commercial Solutions new Eco-Products line includes SmartWay-verified tires that provide 19% longer tread life and 1% better fuel economy compared to previous Firestone products. FULL STORY
Hino Trucks has started HinoCare, a new preventative service care program for its 195 diesel model trucks. The two-year or 60,000-mile service program is available on all 2013 MY 195 and 195 double cab trucks delivered between July 1, 2013 and March 31, 2014. FULL STORY
Truck-Lite Co. has expanded their current Flex-Lite LED product line with the release of the new LED 36 Series License Lamp. The new product adheres directly to the mounting surface through the use of heavy-duty adhesive backing, eliminating the need for tools during installation. FULL STORY
Continental Tire the Americas' Commercial Vehicle Tire group has announced updates to HSR (Heavy Steer Regional) and HDR (Heavy Drive Regional) in size 225/70R19.5 which now offers up to 20 percent improvement in rolling resistance and mileage over the original models. FULL STORY
Bendix high performance brake shoes will now carry a warning label to help educate the commercial vehicle industry about crucial performance issues related to relining. The effort is part of a comprehensive awareness program by Bendix Spicer Foundation Brake. . .PeopleNet has announced that the U.S. Patent Office has granted a patent for the Network Operations Center, which can now monitor data delivery performance to and from each of PeopleNet's hundreds of thousands installed units across multiple terrestrial and satellite providers. . .Double Coin Tires and CMA have changed their website domain name to www.DoubleCoinTires.com. The company has also launched a Spanish language version of their website at: www.Espanol.DoubleCoinTires.com. . .Rush Enterprises, Inc. has signed a definitive asset purchase agreement with TransAuthority to acquire full service International dealerships in Richmond and Suffolk, Virginia and parts and service locations in Fredericksburg and Chester, Virginia. . .Imperial Supplies is offering a cost-effective line of new Chemicals which include: Imperial Premium Penetrating Lube with PTFE; Imperial Premium Non Chlorinated Brake Parts Cleaner; Imperial Premium VOC Compliant Non-Chlorinated Brake Parts Cleaner; and Imperial Premium Chain and Cable Lubricant. . .Scopelitis, Garvin, Light, Hanson & Feary has opened a new office in Milwaukee, Wisconsin. . .The state of Michigan recognized the 75th anniversary of Detroit Diesel Corp. with a day of plant tours, contests, Freightliner ride-and-drives and a product fair.
Julie Tolley has been named vice president and general manager for Eaton's Vehicle Group's Commercial Vehicle Clutch business. . .The Goodyear Tire & Rubber Company has hired Tom Kaczynski as vice president of investor relations. . .Geoff Seely has been named vice president of finance in Canada for PHH Arval. . .Jay R. Starret and Steven F. Stanaszak are joining the transportation law firm Scopelitis, Garvin, Light, Hanson & Feary at the firm's new location in Milwaukee, WI.
Taking $tockA look at truck transportation-industry Fortune 500 public companies:
|Company||Symbol (Click for Chart)||07/31 Close||Performance|
|Allison Transmission Holdings||ALSN||$23.86||$0.00||0.00%|
|Avis Budget Group Inc.||CAR||$31.64||$1.05||+3.43%|
|Dana Holding Corp.||DAN||$21.85||$0.20||-0.91%|
|Goodyear Tire & Rubber||GT||$18.50||$0.06||-0.32%|
|Navistar International Corp.||NAV||$34.15||$0.43||+1.28%|
SOURCE: Yahoo! Finance
The Goodyear Tire & Rubber Company reported earnings for the second quarter of 2013 with a record segment operating income of $428 million, up 27% from the year-ago quarter. FULL STORY
Supreme Industries, Inc. second-quarter gross margin as a percentage of sales improved to 17.8%, or $13.6 million, compared with 16% or $13.5 million in the second quarter of 2012. The company contributes these results to improved product mix and manufacturing efficiencies. FULL STORY
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