Rental trucks

Rentals allow companies to expand their fleet in order to capitalize on short-term opportunities.

Growth in its dedicated and ChoiceLease programs drove a strong second quarter for Ryder System (NYSE: R), helping the leasing and rental giant surpass earnings expectations for the second straight quarter.

To help fleets maximize the value of their equipment, Ryder has launched an Airbnb-type sharing platform that facilities the rental of idle equipment to those in need.

The long-awaited infrastructure plan from the White House is taking shape and could be part of President Trump’s State of the Union speech on Jan. 30, according to Reuters. CNN, however, reports that the plan will not likely be finished by that time due to the president’s travel schedule.

Sayfullo Saipov, the 29 year old Uzbek immigrant who has been charged with using a Home Depot rental truck to kill 8 people in Manhattan on Wednesday, was a CDL holder who had attempted to start multiple trucking companies in the U.S.

The Federal Motor Carrier Safety Administration (FMCSA) has granted a waiver to the Truck Renting and Leasing Association (TRALA) that will exempt all commercial rental vehicles from the electronic logging device (ELD) rule for drivers using a “property carrying commercial motor vehicles (CMVs) rented for 8 days or less.”