EnRoute- November 3, 2022

November 3, 2022

EnRoute News & Information

TRALA's bi-weekly publication includes news and announcements from around the industry and updates from the Association. If you wish to have information included in a future edition of EnRoute, please send to TRALA's Elizabeth Hyers at ehyers@trala.org.

TOP STORIES

North Carolina recently adopted the California Air Resources Board (CARB)'s Advanced Clean Trucks rule. FULL STORY

Speed limits and parking are amongst the top issues impacting the trucking industry. FULL STORY

Nuclear verdicts arise when fleets have major process inconsistencies such as when a fleet has a safety policy but applies it inconsistently. FULL STORY

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TECHNOLOGY TRENDS

In order for the contract maintenance relationship to work, fleets must share a lot of information with the leasing company so the relationship is beneficial to both parties. FULL STORY

Digital tire management systems can help fleets reduce overall tire costs by ensuring timely tire maintenance. FULL STORY

Kenworth and Peterbilt have enhanced the accessibility of the remote diagnostic solutions with Kenworth TruckTech+ and Peterbilt SmartLINQ. FULL STORY

BRIEFLY

VOLVO and INTERNATIONAL TRUCK were recently awarded with top honors from Price Digests Highest Retained Value Awards which is the only industry awards program that leverages third-party, unbiased, data-driven residual values of commercial trucks to recognize those that best hold their value. . . PENSKE LOGISTICS was recognized by the United States Environmental Protection Agency SmartWay program as a High Performer in a pair of clean transportation categories. . . NAVISTAR announced that its International dealer network is prepared to support customers with comprehensive ownership solutions for the INTERNATIONAL S13 INTEGRATED POWERTRAIN. . . ALLISON TRANSMISSION was named Supplier of the Year by IDEALEASE. . . BENDIX recently held a large-scale dedication ceremony to officially christen its new 216,000-sq.-ft. building location in Avon, Ohio which the company believes will be crucial to innovating the next generation of trucking technology. . . AIM TRANSPORTATION SOLUTIONS was honored and presented with various awards pertaining to sales and tech at the NATIONALEASE Annual Meeting. . . VOLVO TRUCKS NORTH AMERICA introduced the TCO tool for certified Volvo dealerships to calculate the total cost of ownership of a battery-electric truck from purchase to operation. . . PENSKE is bolstering its used truck network with the recent additions of used truck centers in Kansas City, Miami, Tampa and Chicago. . . KARMAK and INTERSTATE BILLING SERVICE were among the winners of the Trucks, Parts, Service Distributor of the Year Award. . . MARION BODY WORKS celebrated the grand opening of its new manufacturing facility in Shawano, Wisconsin with an official ribbon cutting ceremony. . . THERMO KING is joining Road Ready’s LogIQ smart partner network to expand its connectivity solutions to include cold chain technology. . DAIMLER TRUCK FINANCIAL SERVICES has partnered with High Definition Vehicle Insurance to reduce their insurance rates while promoting safe driving.

PEOPLE

Aim NationaLease Founder and Chairman & CEO TOM FLEMING was recently honored for his service on the NationaLease Board of Directors during NationaLease's Annual Meeting. . . Daimler Truck North America announced that ANGELA LENTZ has been appointed as chief people officer.

NUMBERS

Rush Enterprises, Inc. announced that it ended its third quarter of 2022 with revenues of $1.86 billion and net income of $90.4 million. FULL STORY

Paccar reported net income of $769.4 million for its third-quarter income of 2022 which was 102% higher than the $380.5 million in the same quarter in 2021. FULL STORY

Wabash reported record quarterly revenue and earnings per share as net income in the third quarter of 2022 more than tripled and its backlog rose to an all-time Q3 high of $2.3 billion. FULL STORY

Allison Transmission Holdings Inc. reported higher third-quarter of 2022 net income and revenue as five of six of its end markets climbed. FULL STORY

The two leading research firms that track commercial vehicle orders and markets differ on how much trailer equipment was ordered in September, but both agree business is on the rise as trailer builders brace for a busy 2023. FULL STORY

TRALA ANNOUNCEMENTS

CONTRIBUTE TO TRALA'S 2022 LEGAL ACTION FUND TODAY!

Please support TRALA's Legal Action Fund by making a corporate contribution today. TRALA is engaged in significant legislative, regulatory, and legal battles that directly impact your company's bottom line. A Legal Action Fund contribution is an investment that will be sure to pay off, as it ensures that TRALA has the financial resources necessary to protect your company's best interests.

Click here to make your company's donation! Thank you for your support of TRALA's advocacy efforts.

Please contact TRALA's Elizabeth Hyers at ehyers@trala.org with any questions or if you need more information.

RECORDING NOW AVAILABLE FOR TRALA'S LEGAL UPDATE WEBINAR

On Wednesday, October 26, 2022, TRALA hosted a webinar to discuss legal issues impacting the industry. The webinar included presentations from legal experts with Scopelitis, Garvin, Light, Hanson & Feary that focused on California's Assembly Bill 5, nuclear verdicts, and the California Air Resources Board (CARB)'s zero emission rule and the International Fuel Tax Agreement (IFTA)'s approach to electric vehicles.

You may access the recording of the webinar by clicking here. The webpage will prompt you to register in order to access the recording and once that is complete, you will be directed to a new page with the recording.

For questions or further information regarding this webinar, please contact TRALA's Elizabeth Hyers at ehyers@trala.org.

Truck Renting and Leasing Association | (703) 299-9120 | www.trala.org

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