Blog
EnRoute - June 9, 2016
- By: Shannon Davison
- On: 06/09/2016 15:43:18
- In: EnRoute
TRALA IN THE NEWS - TRALA is supporting S.Con.Res. 40 which was introduced by U.S. Senator Cory Gardner (R-CO) and put the Senate on record opposing an increase of the FET, which at 12 percent is already the highest tax by percentage levied by Congress on any product. FULL STORY
TOP STORIES
The Environmental Protection Agency and the National Highway Traffic Safety Administration submitted its proposed Phase 2 greenhouse-gas emissions and fuel-economy rule for trucks and trailers to the Office of Management and Budget for required regulatory review. FULL STORY
A recent Deloitte poll showed that only 9.8% of more than 5,400 financial and accounting professionals say their companies are prepared to comply with the new Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) lease accounting standards. FULL STORY
Pennsylvania Department of Transportation Secretary announced that the state would form an Autonomous Vehicles Testing Policy Task Force that will help develop guidance the agency will use to draft autonomous vehicle policies. PennDOT will chair the task force which is comprised of state, federal, and private-industry officials such as the Federal Highway Administration, AAA, Carnegie Mellon University and Uber Technologies. FULL STORY
The Ontario government released the details of its Climate Change Action Plan which outlined how it will affect the trucking industry in the coming years. FULL STORY
TECHNOLOGY TRENDS
Michelin Americas Truck Tires is offering the Michelin X Works Z all-position tire designed for mixed on/off road applications in demanding environments. The Michelin X Works Z features a wide protector ply and thicker layer of cushion gum than comparable tires to provide extra protection and casing durability. FULL STORY
Hino Motors released the Hino 258, ahigh-horsepower low-profile conventional truck. The Hino 258 model will be produced at Hino's Canadian assembly plant in Woodstock, Ontario. FULL STORY
Bridgestone Americas has launched its new Bandag BRM3 retread which features a proprietary compound and advanced tread design. FULL STORY
BRIEFLY
THE LARSON GROUP PETERBILT acquired the Southeast Atlantic Peterbilt dealership which included three Peterbilt locations in the Carolinas. . .DANA HOLDING CORPORATION has been named for the second year in a row the Best Battery Solution Provider by the China Decision Makers Consultancy. The honor is in recognition of Dana's research and contributions to thermal-management technologies for hybrid-electric vehicles and battery-electric vehicles. . .J.J. KELLER & ASSOCIATES, INC. offers its 2290online.com, which will accept Heavy Vehicle Use Taxes via Form 2290 beginning July 1 for the July 1, 2016 – June 30, 2017 filing period. The Internal Revenue Service regulations require the electronic filing of Form 2290 for companies with 25 or more vehicles with taxable gross weight of 55,000 pounds or more. . .VOLVO and MACK employees showed off their 2016 Ride for Freedom trucks, which took part in the Ride for Freedom rally in Washington, DC over the Memorial Day weekend. Volvo's 2016 Ride for Freedom truck celebrates the 25th anniversary of the participation of the New River Valley plant employees and the UAW Local 2069 Veterans Committee in the Ride for Freedom. Mack's Ride for Freedom truck, features custom graphics that honor each branch of the U.S. Armed Forces, along with the quote, “America, Home of the Free Because of the Brave”. . .Lou Smyrlis of Newcom Business Media and Roman Lewinsky of NAVISTAR are the latest to join the Rope for Hope – Toss your Boss event. The event is put on by the Trucking for Wishes, in partnership with Make-A-Wish Southwestern Ontario and those who sign up for the event will be rappelling off the iconic 26 story TD Tower in London, Ontario on June 17. All proceeds raised go toward helping to provide wishes to children with life threatening diseases. . .KENWORTH, the U.S. Chamber of Commerce Foundation's Hiring our Heroes Program and the FASTPORT have joined forces to find America's top rookie military veteran who has made the transition from active duty to driving for a commercial fleet. “Transition Trucking: Driving for Excellence,” a recognition program that will provide a fully-loaded Kenworth T680 76-inch sleeper with a PACCAR MX-13 engine to the top rookie, is looking for drivers that have been either active military or a member of the National Guard or Reserve. Full criteria and online nomination forms can be found at www.transitiontrucking.org.
PEOPLE
Great Dane has hired BRIAN SAGE as executive vice president of manufacturing. . .ERIC HIGGS has been hired by Bridgestone Americas Inc. as the vice president of marketing for its commercial business.
TAKING STOCK
A look at truck transportation-industry Fortune 500 public companies:| Company | Symbol | 6/9 Close | Performance | |
|---|---|---|---|---|
| Allison Transmission Holdings | ALSN | $28.93 | $0.19 | -0.67% |
| Avis Budget Group Inc. | CAR | $34.20 | $0.5 | -0.44% |
| Cummins Inc. | CMI | $118.66 | $0.21 | -0.18% |
| Dana Holding Corp. | DAN | $12.21 | $0.12 | -0.97% |
| Eaton Corp. | ETN | $62.79 | $0.35 | -0.55% |
| General Electric | GE | $30.25 | $0.06 | -0.20% |
| Goodyear Tire & Rubber | GT | $27.74 | $0.18 | -0.64% |
| Navistar International Corp. | NAV | $13.76 | $1.14 | -7.65% |
| PACCAR Inc. | PCAR | $56.02 | $0.88 | -1.55% |
| Ryder | R | $67.68 | $2.12 | -3.04% |
SOURCE: Yahoo! Finance
MONEY MATTERS
Navistar International Corporation has announced a positive quarterly net income, of $4 million, the company's first profitable quarter since the third quarter of 2012.
FULL STORY
TRALA ANNOUNCEMENTS
The 2016 Legal Action Fund campaign is off to a great start, thanks to generous contributions we have received. However, TRALA is asking members who have not yet contributed to this year's LAF to consider doing so today. The funds directly support TRALA's efforts on the legislative, regulatory, and especially legal advocacy fronts, and as usual there are several critical issues facing the industry. Please visit TRALA's website, http://www.trala.org/laf to contribute.