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Truck Renting and Leasing Association

The unified voice for truck renting and leasing


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EnRoute - February 22, 2018

Members of the Truck Renting and Leasing Association have long been proactive in working to help prevent terrorist attacks that use rented and leased vehicles, and they work closely with law enforcement toward this goal.  FULL STORY






TRALA IN THE NEWS

Thousands of comments were filed on the Environmental Protection Agency's proposal to unwind emissions regulations placed on glider kit trucks. FULL STORY


 

TOP STORIES

In recent weeks, legislators in at least four states have introduced bills that would either suspend funding for enforcement of ELDs within their state's borders or have asked the federal government to reconsider the mandate. FULL STORY

The California Air Resources Board (CARB) has approved greenhouse gas regulations for medium- and heavy-duty vehicles which would be set for implementation in 2020. FULL STORY
 
The blockchain concept was originally developed to support the digital currency Bitcoin, but technology experts are looking to apply it to other industries such as trucking.  FULL STORY



 


TECHNOLOGY TRENDS

Peterbilt Motors Co. has introduced the Peterbilt Model 579 UltraLoft, a new sleeper that offers improved aerodynamics, is available in single- and double-bunk designs, and was designed with input from drivers. FULL STORY

Truck-Lite's Nano family of dielectric anti-corrosion products are engineered to prevent and inhibit corrosion and provide enhanced barriers to moisture, adhering to microscopic imperfections on any surface. FULL STORY

Morgan Corporation has introduced its store-to-door home grocery delivery truck body as well as market-leading improvements to its refrigerated and moving/furniture truck body production lines. FULL STORY

Meritor Inc. has a new line of gear sets for the company's 145 and 160 series axles. The new line is built to its product specifications and validated through extensive axle dynamometer testing to ensure better gear mesh, smooth operation, and durability. FULL STORY




 

BRIEFLY

BESTPASS  has recently partnered with IDEALEASE to provide Idealease's customers with toll management service, including rebilling, nationwide toll coverage, and single-source payment. . .BRIDGESTONE AMERICAS and Versalis have partnered to develop and deploy a technology package to commercialize guayule in the agricultural, sustainable-rubber and renewable-chemical sectors. . .BENDIX  has announced it has diverted 96% of the waste created at its plants in 2017, while also reducing its energy usage by seven million kilowatt hours over the past three years. . .ENRICH SOFTWARE CORP. has announced key integration with Fleet Nav Systems to support ELD short term rental requirements. . .INLAND TRUCK PARTS & SERVICE, of Wichita, KS, recently stepped in to offer help when nearby Wichita-based Fleet Maintenance, Inc. was destroyed in a fire. Inland was able to offer positions to the majority of the Fleet Maintenance employees, and at the same time expand the services and offerings of their Wichita store.



 

PEOPLE

DAVID KLAAS has joined Idealease, Inc as Area Vice President, National Accounts. . .Cummins  has named ROB NEITZKE as the new executive director of Cummins On-Highway North American Original Equipment Manufacturer (OEM) Business. . .MIKE TUCKER, the former President & CEO of VT Hackney, Inc. has joined Mickey Truck Bodies as Executive Vice President, Strategic Growth & Business Development. . .ACT Research has hired FUNMI IGE-WRIGHT as Research Director. . .MARISA BLANK has been named the executive director of sales for commercial off-the-road (OTR) tires at Bridgestone Americas Tire Operations (BATO). . .TERRY MINOR, CEO and dealer principal of Cumberland International Truck, has been named North American Dealers of the Year for 2017 by Navistar, Inc. . .RAY MARTINEZ, the former head of the New Jersey Motor Vehicle Commission, has been confirmed by the U.S. Senate as the new administrator of the Federal Motor Carrier Safety Administration.  



 

TAKING STOCK

A look at truck transportation industry Fortune 500 public companies.
 

Company

Symbol

02/22 Close 

Performance

 

Allison Transmission Holdings

ALSN

$39.32

$0.17

+0.43%

Avis Budget Group Inc.

CAR

$44.20

$5.24

+13.45%

Cummins Inc.

CMI

$167.02

$1.82

+1.10%

Dana Incorporated

DAN

$27.89

$0.11

-0.39%

Eaton

ETN

$81.88

$0.32

+0.39%

Navistar International Corp.

NAV

$40.00

$0.37

+0.93%

PACCAR Inc.

PCAR

$70.40

$1.18

+1.70%

Ryder System, Inc.

R

$74.35

$0.37

-0.50%




 

NUMBERS

Ryder System reported higher revenue growth and profits across all of its business units in the fourth quarter and full year 2017. Ryder's net income was $790.6 million on revenue of $7.33 billion compared to net income of $262.5 million on revenue of $6.96 billion in 2016. FULL STORY

Allison Transmission Holdings saw net sales for the quarter were $588 million, a rise of 25% from a year ago and the North America On-Highway division saw net sales of $270 million in the quarter, a 24% rise from $217 million a year ago. FULL STORY

Rush Enterprises Inc. reported net income in the 4th quarter 2017 was $106 million on revenue of $1.2 billion.  In the 2016 period, earnings were $12.5 million on revenue of $1 million. FULL STORY

Peterbilt achieved a new Class 8 heavy-duty market share high in 2017, at 15.3%, surpassing its previous record of 14%. FULL STORY    




 

TRALA ANNOUNCEMENTS

There is Still Time to Register for TRALA's 2018 Annual Meeting  
 
TRALA is hosting its 40th Annual Meeting April 8-11, 2018 at the Fairmont Scottsdale Princess in Scottsdale, Arizona. This is the largest gathering of leasing and rental executives in North America. More information including rates, agenda and travel information can be found by clicking here.
 
Registration is easy. Just click Yes to begin the registration process. TRALA's registration is also mobile-device friendly so you can register directly from your phone or tablet.
 
Please contact TRALA's Shannon Davison at sdavison@trala.org or by phone at (703) 299-9120 with any questions.