EnRoute - August 6, 2014
A short-term extension of the current federal highway bill has been sent to President Obama for his signature after the U.S. Senate voted 81-13 to transfer $10.9 billion to the Highway Trust Fund in order to fund highway projects until May 2015. FULL STORY
The Federal Motor Carrier Safety Administration (FMCSA) waiver program that helps experienced veterans and active duty personnel transition into commercial truck and bus driver positions has been expanded into all 50 states and the District of Columbia. FULL STORY
The Safety Measurement System (SMS) which is the Compliance, Safety, Accountability program's carrier ranking site, has been redesigned and includes some new features. FULL STORY
Demand for trailers remains very strong heading into the second half of 2014 as the need to both replace aging units and add capacity is expected. FULL STORY
Hendrickson Truck Commercial Vehicle Systems has introduced a new Progressive Load Spring (PLS) for its HAULMAXX vocational rear suspension system. FULL STORY
Diamond Renewed is a new program from Navistar for late-model use International Trucks. The program offers a comprehensive inspection and mechanical reconditioning process. FULL STORY
Goodyear Tire & Rubber Company made a commitment two years ago to hire 1,000 United States military veterans and today the company has surpassed its three-year goal more than a year early, and has pledged to hire an additional 1,000 veterans. . .Independent Equipment Company has received a mandate to conduct a Sealed Bid Sale of over 3,000 Off-lease 53' x102” Steel and Aluminum Domestic Containers on behalf of an established client. . .Ryder System, Inc. has launched its new “Keep It Cool” promotion in the United States and Canada. The promotion is available September 1, 2014 and offers a free 12-month warranty, underwritten by Premium 2000+, on qualified used refrigerated trucks. The new Ryder warranty offering covers both the truck engine and refrigeration unit. . .Four Star Freightliner has created a diesel technician training program which will be led by David Carroll from the company's Dothan dealership. Four Star Freightliner has partnered with the Diesel and Heavy Equipment Mechanics program at Lurleen B. Wallace Community College in Opp, AL, on the program. . .Universal Technical Institute started Daimler Truck's North America's Finish First Technician Program at its Midwest Campus. The program focuses on manufacturer-specific advanced training, where UTI-Lisle students can get advance training for Freightliner and Western Star commercial trucks. . .Beaver Truck Centre hosted the eighth annual Manitoba Truckers Going the Distance golf tournament, the province's trucking community raised more than $30,000 for the Children's Wish Foundation.
Martin Kleker has been named regional vice president for the U.S. Central Region for Mack Trucks. . .Zonar has hired Vikas Jain as the company's new chief operating officer. . .Corrie Buchanan has joined Hercules as HR/safety manager. . .Anne Ferro will step down next month from her post as chief of the Federal Motor Carrier Safety Administration. She will become president and CEO of the American Association of Motor Vehicle Administrators.
Taking $tockA look at truck transportation-industry Fortune 500 public companies:
|Company||Symbol (Click for Chart)||8/6 Close||Performance|
|Allison Transmission Holdings||ALSN||$29.08||$0.32||-1.09%|
|Avis Budget Group Inc.||CAR||$59.36||$0.26||-0.44%|
|Dana Holding Corp.||DAN||$22.66||$0.05||+0.22%|
|Goodyear Tire & Rubber||GT||$24.25||$0.02||+0.08%|
|Navistar International Corp.||NAV||$34.60||$0.21||-0.60%|
SOURCE: Yahoo! Finance
Goodyear Tire & Rubber Company has posted a net income of $213 million on net sales of $4.7 billion for the second quarter of 2014, which compares to income of $181 million on sales of nearly $4.9 billion for the same period last year. FULL STORY
PACCAR has reported earning $319.2 million for the second quarter of 2014, an increase of 9% compared to $291.6 million earned in the second quarter of 2013. FULL STORY
Cummins is showing revenue for the second quarter of 2014 of $4.8 billion, an increase of 7% from the same quarter in 2013 which is a result of stronger demand in on-highway market and distributor acquisitions in North America. FULL STORY
Groupe Michelin recorded a net income of $851.8 million on net sales of $13.2 billion for the first half of the fiscal 2014, a 6.4% income-to-sales ratio. FULL STORY
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