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How Will New Lease Accounting Standards Affect Fleets?

Sponsored by Merchants Fleet Management

New accounting standards for reporting lease transactions take effect after December 15, 2018 for public companies and December 2019 for private businesses. As a result, many organizations with fleets of vehicles are trying to figure out how these new rules will impact them moving forward.

Photo of (l. to r.) Ruppert, Fletcher, and Scholtes by Chris Brown.

Ford F-650/F-750 Again Named Medium-Duty Truck of the Year

Ford's F-650 and F-750 vocational trucks have been named the 2017 Medium-Duty Truck of the Year award for the second consecutive year, Work Truck magazine announced at the Work Truck Show in Indianapolis.

Photo of Duramax engine assembly courtesy of GM.

Chevrolet's New Medium-Duty Truck to Get Duramax Diesel, Allison Transmission

Chevrolet's medium-duty truck will pair a Duramax diesel engine with an Allison transmission and will arrive in 2018, General Motors announced at the Work Truck Show.

Screenshot via Ford.

Ford Offers CK-4 Alternative Oil for Super Duty Diesels

Ford is recommending the use of a new Motorcraft diesel engine oil for its Super Duty trucks and warning fleet and commercial customers to avoid using most new CK-4 or FA-4 oils because they may cause damage to the engine, the company told AutomotiveFleet.com.

Detroit DD8 engine will launch with both engine and transmission power-take-off options required for many vocational applications. Photo: Daimler Trucks North America

Daimler Unveils Detroit DD8 Medium-Duty Diesel Engine

Daimler Trucks North America unveiled the new Detroit DD8 medium-duty engine, aimed at vocational truck markets, at the NTEA’s Work Truck Show in Indianapolis.

Photo of 2017 Transit courtesy of Ford.

Ford Updates Transit Van for 2018

Ford added several new features and new optional equipment to its Transit full-size van for the 2018 model year, the company announced at the Work Truck Show in Indianapolis.

Photo of FTR cabovers courtesy of ICTA.

Isuzu Sets Production, Ordering for Class 6 Cabover

Isuzu Commercial Truck of America will begin production of its 2018 FTR Class 6 cabover in May and start taking orders for the medium-duty truck in April, the company announced at the Work Truck Show in Indianapolis.

Photo: Chris Brown

Fuso Adds Gasoline V-8 to FE Series Cabovers

Mitsubishi Fuso Truck of America premiered a new prototype V8 gasoline powertrain for the company’s FE Series medium-duty cabovers at the NTEA Work Truck Show in Indianapolis.

Photo of 2018 6500XD Low Cab Forward truck courtesy of Chevrolet.

Chevrolet to Offer Class 6 Cabover

Chevrolet is expanding its lineup of cabover trucks for 2018, by adding the 6500XD Class 6 Low Cab Forward truck to a lineup that already includes Class 3, 4, and 5 cabovers, Chevrolet has announced.

This truck was remanufactured and given away at the ConExpo-Con/Agg 2017 trade show. Photo courtesy of Iron Direct

IronDirect Offers Remanufactured Trucks

A new remanufacturing truck service will allow fleet operators to purchase like-new remanufactured vehicles for about half the cost of similarly equipped new trucks.

Photo courtesy of Daimler Vans.

Daimler Recalls Sprinter and Metris Vans

Two separate recalls involve 1,320 vehicles, including Mercedes-Benz and Freightliner Sprinter 2500 and 3500 vans.

Photo: UPS

UPS Invests More Than $90M In Natural Gas

UPS said it will invest more than $90 million in natural gas facilities and vehicles, including fueling stations, compressed natural gas trucks and liquefied natural gas vehicles.

Cummins Westport ISL G Near Zero engine

Cummins Improves MidRange Engine Lineup for 2017

Cummins announced improvements to its MidRange engine lineup for 2017 at the Work Truck Show in Indianapolis, including fuel economy improvements in the B6.7.

Photo courtesy of Efficient Drivetrains, Inc.

Efficient Drivetrains Unveils Plug-In Frieghtliner Utility Truck

Efficient Drivetrains, Inc., has completed the integration of its EDI PowerDrive technology into the Freightliner platform.

Photo via Gage Skidmore/Wikimedia.

Trump Reverses Obama With Fuel Economy Review

Vowing to end the "assault on the American auto industry," President Donald Trump promised to reopen a federal review of fuel economy standards that was concluded in the waning days of the Obama administration at an event outside of Detroit.

Photo: Freightliner Custom Chassis

Freightliner to Offer CNG-Equipped Stripped Chassis

Freightliner Custom Chassis, Clean Energy Fuels, and Green Alternative Systems have partnered to provide a compressed natural gas fuel system on FCCC’s CNG MT-45/55 chassis.

Photo by Chris Brown.

Mitsubishi Fuso Bringing Electric eCanter to U.S.

Mitsubishi Fuso Truck of America has introduced the eCanter battery-powered Class 4 truck, offering the first 50 units to a select group of customers by the end of the year on a two-year lease.

Photo of XL Hybrids E-350 cutaway courtesy of Ford.

Ford Adds Electrification to Vehicle Modifier Program

Ford has expanded its Qualified Vehicle Modifier (QVM) program to include companies that install electrified and hydraulic hybrid systems so those vehicles will retain the factory powertrain warranty.

Photo: Peterbilt

Peterbilt Reduces Weight on Updated Model 220

Peterbilt has updated the Model 220 cabover with new design features and options that result in weight savings, better performance, and improved serviceability, according to the company.

Photo courtesy of FCA.

Ram Commercial Enhances Truck, Van Upfitting

Ram Commercial introduced its Augmented Reality Upfit Configurator and Q Pro certification program to help dealers and auxiliary equipment providers set up its trucks and vans for commercial users at the Work Truck Show in Indianapolis.

Photo courtesy of ICTA.

Isuzu's Diesel Engine Durability Upped to 375,000 Miles

The B10 durability rating of the 4HK1-TC diesel engine that powers Isuzu Commercial Truck of America, Inc. cabovers has been increased to 375,000 miles, the company has announced at the NTEA's Work Truck Show in Indianapolis.

Reading Truck Group Closes Acquisition of Three PalFleet Sites

Reading Truck Group announced that it closed the acquisition of three upfitting facilities from PalFleet Truck Equipment Company, pursuant to a previously executed purchase agreement.

Photo courtesy of Landi Renzo USA.

Landi Renzo to Offer Ship-Thru on Ford CNG Vehicles

Landi Renzo USA will begin offering a ship-through channel for customers to take delivery of converted compressed natural gas (CNG) trucks and vans utilizing Ford's existing distribution network from Ford's Ohio Assembly Plant, the company announced at the Work Truck Show in Indianapolis.

Mitsubishi Fuso Adds Telogis Telematics to Cabovers

Mitsubishi Fuso Truck of America Inc. will offer a Telogis-powered telematics system as standard equipment on all FUSO medium-duty, diesel cabover trucks, the manufacturer announced at the Work Truck Show in Indianapolis.

Photo courtesy of Duquesne Light Company

Pittsburgh Utility Announces EV Purchases

Duquesne Light Company announced its electric vehicles (EV) plan, including fleet conversion, education, and infrastructure.

NTEA Releases 2017 Fleet Purchasing Outlook

Two of every five vocational truck fleet managers plan to increase their vehicle count in 2017 and more than half now use telematics, according to the NTEA's 2017 Fleet Purchasing Outlook.

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