DOCSLIB.ORG

Driving Prosperity Driving Prosperity Through Transport Solutions

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Driving Prosperity Driving Prosperity Through Transport Solutions VOLVO GROUP ANNUAL AND SUSTAINABILITY REPORT 2018 Driving prosperity Driving prosperity through transport solutions The Volvo Group’s mission statement expresses a broad ambition – to drive prosperity. Our customers provide modern logistics as the base for our economic welfare. Transport supports growth, provides access for people and goods and helps combat poverty. Modern transport solutions facilitate the increasing urbanization in a more sustainableainable way. Transport is not an end in itself, but ratherher a means allowing people to access what theyhey need, economically and socially. A GLOBAL GROUP 2018 OVERVIEW Our customers make societies work The Volvo Group’s products and services contribute to much of what Volvo Group’s customers are companies within the transportation we all expect of a well-functioning society. Our trucks, buses, engines, or infrastructure industries. The reliability and productivity of the construction equipment and financial services are involved in many products are important and in many cases crucial to our customers’ of the functions that most of us rely on every day. The majority of the success and profitability. ON THE ROAD OFF ROAD IN THE CITY AT SEA Our products help ensure that Engines, machines and vehicles Our products are part of daily Our products and services people have food on the table, from the Volvo Group can be life. They take people to work, are there, regardless of whether can travel to their destination found at construction sites, in collect rubbish and keep lights someone is at work on a ship, and have roads to drive on. mines and in the middle of shining. Our buses and public traveling to work on a ferry, on We calculate that 15% of all forests. They are used to mine transport solutions help people holiday in a pleasure boat or food in Europe is delivered by iron ore, transport lumber or get to work or to school. Our con- need urgent help from the sea a truck from the Volvo Group. haul stone and rock. Our indus- struction equipment is used to rescue services. The Volvo Group Our products also deliver goods trial engines power vital irrigation build housing as well as indus- has marine engines for a broad to keep production plants installations at agricultural sites trial and sports facilities. range of applications. running. all over the world, so that farmers can grow their crops. 1 A GLOBAL GROUP 2018 OVERVIEW A global group The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment as well as marine and industrial engines. The Group also provides complete solutions for financing and service. With its headquarters in Gothenburg, Sweden, the Group employs 105,000 people, has production facilities in 18 countries and sells its products in more than 190 markets. Competitive products All of the Volvo Group’s products have been developed to contri bute to efficient transport and infrastructure solutions and to provide our customers with uptime. We drive the develop- ment of electrified vehicles and machines as well as automated solutions for the benefit of customers, society and the environment. Sales of new vehicles, machines and engines as well as used vehicles and machines, superstructures and special vehicles accounted for 77% of the Group’s net sales in 2018. Sales of vehicles and machines build a population of products that drives spare parts sales and service revenue. World-class services In addition to vehicles and machines, the offering includes various types of services such as insurance, rental services, spare parts, preventive maintenance, service agreements and assistance services. The range and flexibility of the offering means that the solutions can be customized for each customer. The service business contributes to balancing the fluctuations in the sales of new products and is an area of priority. Sales of services accounted for 20% of net sales in 2018. The Group also offers financing for customers and dealers. Financial Services provided financing for 24% of products sold by the Group in 2018, measured in the markets where financing is offered. Strong positions globally Thanks to competitive product programs, strong dealers with extensive service networks and increasingly more complete offerings, the Volvo Group has established leading positions on a global market. The Group is one of the world’s largest manufacturers of heavy-duty trucks, construction equipment, buses and heavy-duty diesel engines as well as a leading supplier of marine and industrial engines. These positions provide for economies of scale in product development, production, purchasing and financial services. Strong brands The Volvo Group’s brand portfolio consists of Volvo, Volvo Penta, UD Trucks, UD Buses, Terex Trucks, Renault Trucks, Prevost, Nova Bus, Mack and Arquus. We partner in alliances and joint ventures with the SDLG, Eicher and Dongfeng brands. By offering products and services under different brands, the Group addresses many different customer and market segments in both mature markets and growth markets. 2 A GLOBAL GROUP 2018 OVERVIEW SHARE OF NET SALES BY MARKET NORTH EUROPE AMERICA 41% 28% ASIA 20% SOUTH 6% 5% AMERICA AFRICA AND OCEANIA SHARE OF NET SALES BY SHARE OF NET SALES BUSINESS AREA BY REVENUE TYPE Financial Services, 3% Trucks, 64% Financial Services, 3% Vehicles, 77% Volvo Penta, 4% Services, 20% Buses, 7% Construction Equipment, 22% 3 A GLOBAL GROUP 2018 OVERVIEW Content A GLOBAL GROUP OVERVIEW This is the Volvo Group . .1 2018 in brief . .5 CEO comments. 6 STRATEGY Balancing trends and challenges . 10 Drive prosperity through transport solutions . 12 Improving performance – the journey continues . 13 Strategic priorities . 14 Financial targets . 17 Electrification . 18 Automation . 22 Connectivity . .26 BUSINESS MODEL OUR ROLE IN SOCIETY . 30 VALUE CHAIN . 40 Customers . 42 Product development . .48 Purchasing . 58 Production & Logistics . 60 Retail & Service . 66 Reuse . 68 EMPLOYEES . 70 GROUP PERFORMANCE BOARD OF DIRECTORS’ REPORT 2018 Global strength . 78 Significant events . .80 Financial performance . 82 Financial position . 85 Cash flow statement . 88 Trucks . .90 Construction Equipment . .94 Buses . 97 Volvo Penta . 99 Financial Services . 101 Financial management . 103 Changes in consolidated shareholders’ equity . 104 The share . 105 Risks and uncertainties . 108 Sustainability Reporting. 116 NOTES Notes to the financial statements . 121 Parent Company AB Volvo . 182 CORPORATE GOVERNANCE Corporate Governance Report 2018 . 192 Board of Directors . 200 Group Executive Board . .206 OTHER INFORMATION Proposed remuneration policy . 210 Proposed disposition of unappropriated earnings . 211 Audit report for AB Volvo (publ) . 212 Key Ratios . 215 Eleven-year summary . 218 Reporting scope and boundaries . 226 Annual General Meeting. 228 Preliminary publication dates . 228 AUGMENTED REALITY Download the app Volvo Group AR Stories. The Volvo Group’s formal financial reports are presented on Use your mobile device to view the images pages 78–191, 210–211 and 215–217 and have been audited by the company’s auditors. marked with the AR symbol. Read more on page 229. For information on which pages constitute the Volvo Group’s Sustainability Report, please see the Sustainability Reporting Index on page 116. 4 A GLOBAL GROUP 2018 OVERVIEW 2018 IN BRIEF Strong growth in both sales and profitability • Good demand in many markets contributed to net sales increasing by 17% to SEK 391 billion (333). Currency-adjusted net sales grew by 14%. • Vehicle sales increased by 20% and service sales by 10%. • Adjusted operating income improved to SEK 40,660 M (29,278), corresponding to an adjusted operating margin of 10.4% (8.8). • Operating cash flow of SEK 26.6 billion (28.4) in the Industrial Operations. • Strong financial position with net financial assets of SEK 43.9 billion, corresponding to 38.8% of equity in the Industrial Operations, excluding provisions for post-emplyment benefits. • The Board of Directors proposes an ordinary dividend of SEK 5.00 per share (4.25) and an extra dividend of SEK 5.00 per share. • During the year there was a strong push in electrified vehicles and machines as well automated solutions. Electric trucks will be launched commercially in 2019. Net sales, Adjusted operating Operating income, SEK bn Operating cash flow, Industrial SEK bn income1, SEK bn Operating margin, % Operations, SEK bn Adjusted operating margin, % 391 40.7 34.5 26.6 11.6 20.2 21.1 29.3 6.4 18.3 3.5 28.4 283 313 302 333 5.8 23.3 20.8 29.7 14 15 16 17 18 14 15 16 17 18 14 15 16 17 18 14 15 16 17 18 4.1 6.5 7.0 8.8 10.4 2.1 7.5 6.9 8.9 8.8 KEY RATIOS 2018 2017 KEY RATIOS 2018 2017 Net sales, SEK M 390,834 332,738 Return on shareholders’ equity, % 21.3 20.5 Adjusted operating income¹, SEK M 40,660 29,278 Total number of employees 105,175 99,488 Adjusted operating margin, % 10.4 8.8 Share of women, % 19 19 Share of women, presidents and Operating income, SEK M 34,478 29,678 other senior executives, % 25 25 Operating margin, % 8.8 8.9 Energy consumption, MWh/SEK M 5.8 6.4 Income after financial items, SEK M 32,148 27,605 Total CO2 emissions, tons/SEK M Income for the period, SEK M 25,363 20,786 (GHG scope 1 & 2) 1.1 1.2 Diluted earnings per share, SEK 12.24 10.07 Share of direct material purchasing 2 spend from suppliers having made a Dividend per share, SEK 10.00 4.25 CSR self- assessment, % 91 95 Operating cash flow, Industrial Operations, SEK bn 26.6 28.4 The comparative financial information has been restated due to the implementation of IFRS 15 Revenue from Contracts with Customers. For more information, please see Note 31.
Load more

Recommended publications
  • Engine Control Module (ECM), Diagnostic Trouble Code (DTC), Guide 2010 Emissions
    Service Information Trucks Group 28 Release2 Engine Control Module (ECM), Diagnostic Trouble Code (DTC), Guide 2010 Emissions 89046912 Foreword The descriptions and service procedures contained in this manual are based on designs and technical studies carried out through January 2012. The products are under continuous development. Vehicles and components produced after the above date may therefore have different specifications and repair methods. When this is deemed to have a significant bearing on this manual, an updated version of this manual will be issued to cover the changes. The new edition of this manual will update the changes. In service procedures where the title incorporates an operation number, this is a reference to an V.S.T. (Volvo Standard Times). Service procedures which do not include an operation number in the title are for general information and no reference is made to an V.S.T. Each section of this manual contains specific safety information and warnings which must be reviewed before performing any procedure. If a printed copy of a procedure is made, be sure to also make a printed copy of the safety information and warnings that relate to that procedure. The following levels of observations, cautions and warnings are used in this Service Documentation: Note: Indicates a procedure, practice, or condition that must be followed in order to have the vehicle or component function in the manner intended. Caution: Indicates an unsafe practice where damage to the product could occur. Warning: Indicates an unsafe practice where personal injury or severe damage to the product could occur. Danger: Indicates an unsafe practice where serious personal injury or death could occur.
    [Show full text]
  • Volvo Grp. N. Am., LLC V. Roberts Truck Ctr., Ltd., 2020 NCBC 28
    Volvo Grp. N. Am., LLC v. Roberts Truck Ctr., Ltd., 2020 NCBC 28. STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION GUILFORD COUNTY 19 CVS 2981 VOLVO GROUP NORTH AMERICA, LLC d/b/a VOLVO TRUCKS NORTH AMERICA, a Delaware limited liability company; and MACK TRUCKS, INC., a Pennsylvania corporation, Plaintiffs, ORDER AND OPINION ON v. PLAINTIFFS’ MOTIONS FOR JUDGMENT ON THE PLEADINGS ROBERTS TRUCK CENTER, LTD., a AND TO DISMISS DEFENDANTS’ Texas limited partnership; ROBERTS COUNTERCLAIMS TRUCK CENTER OF KANSAS, LLC, a Kansas limited liability company; and ROBERTS TRUCK CENTER HOLDING COMPANY, LLC, a Texas limited liability company, Defendants. 1. THIS MATTER is before the Court on Plaintiffs Volvo Group North America, LLC d/b/a Volvo Trucks North America’s (“Volvo”) and Mack Trucks, Inc.’s (“Mack”) separate motions for judgment on the pleadings, and Plaintiffs’ joint Motion to Dismiss Defendants’ Counterclaims (collectively the “Motions”). After considering the Motions, the briefs in support of and in opposition to the Motions, and the arguments of counsel at a hearing held on September 5, 2019, for the reasons discussed below, the Court GRANTS Mack’s Motion for Judgment on the Pleadings and Motion to Dismiss Defendants’ Counterclaims, DENIES Volvo’s Motion for Judgment on the Pleadings, GRANTS in part and DENIES in part Volvo’s Motion to Dismiss Defendants’ Counterclaims, and severs for early determination the dispute regarding the applicable 2017 Volvo sales quota (the “Severed Issue”). The Court DEFERS further proceedings until the Severed Issue is determined. Kilpatrick Townsend & Stockton LLP, by Chad D.
    [Show full text]
  • Annual and Sustainability Report 2017 Driving Performance
    THE VOLVO GROUP Annual and Sustainability Report 2017 Driving Performance The Volvo Group 2017 The Volvo and Innovation WorldReginfo - 3016dca3-d4db-498b-9818-3a9e015e9095 CONTENT A GLOBAL GROUP STRONG BRANDS OVERVIEW This is the Volvo Group. 2 CEO comments. 4 he Volvo Group’s brand port- folio consists of Volvo, Volvo STRATEGY T Committed to staying ahead . 8 Penta, UD, Terex Trucks, Renault Mission. 10 Trucks, Prevost, Nova Bus and Vision. .10 Mack. We partner in alliances and Values . 10 joint ventures with the SDLG, Aspirations. .11 Code of Conduct . 11 Eicher and Dongfeng brands. By Driving innovation. 12 offering products and services Strategic priorities. 16 under different brands, the Group Financial targets. .21 addresses many different BUSINESS MODEL customer and market segments in VALUE CHAIN. 24 mature as well as growth markets. Customers . 28 Product development . 34 Purchasing. 46 Production & Logistics . 48 Retail & Service . 54 Reuse. 60 EMPLOYEES . 68 OUR ROLE IN SOCIETY. 74 GROUP PERFORMANCE BOARD OF DIRECTORS’ REPORT 2017 Sustainability Reporting Index . 82 Global strength in a changing world. 82 Significant events. 84 Financial performance . 86 Financial position . 89 Cash flow statement . 92 Trucks . 94 Construction Equipment . 98 Buses. 101 Volvo Penta . 103 Financial Services. 105 Financial management . 107 Changes in consolidated shareholders’ equity. 108 The share. 109 Risks and uncertainties. 112 NOTES Notes to the financial statements. 118 Parent Company AB Volvo . 178 CORPORATE GOVERNANCE Corporate Governance Report 2017 . 188 Board of Directors. 196 Group Executive Board. 202 OTHER INFORMATION Proposed remuneration policy. .206 Proposed disposition of unappropriated earnings . 207 Audit report for AB Volvo (publ) .
    [Show full text]
  • Volvo Products for Transportation Management Wireless Roadside Inspection Concepts Pilot Project in the Port of Gothenburg
    Jan Hellaker Vice President, Volvo Technology North America Volvo Technology A few samples of Volvo’s experience from applying ITS to goods transportation Volvo products for Transportation Management Wireless Roadside Inspection concepts Pilot project in the Port of Gothenburg Volvo Technology Business AreasAreas Volvo Trucks Renault Trucks Mack Trucks Nissan Diesel The world’s 2nd largest manufacturer of heavy trucks Construction Buses Equipment VolvoMack Trucks Penta Volvo Aero Financial Services Volvo Technology Sales and Employees Worldwide 2008 EUROPE Sales 52% NORTH AMERICA 61,130 60% Sales 16% 14,200 14% ASIA Sales 19% 19,090 19% SOUTH AMERICA Sales 7% 4,380 4% OTHER Sales 7% 2,580 3% Volvo Technology Corporate Values Volvo Technology Connected Truck Authorities Fleet operators Road charging, emission control, dangerous Improved transport efficiency and goods monitoring, e-call (e-safety), cost optimization, driver time anti-theft solutions etc. management, cargo management & security/safety Drivers & families Keeping touch with messaging Finance/insurance companies Focus on minimizing Cargo owner risk by monitoring & control – security Monitoring of location, & status etc. & usage 3rd party service & Truck manufacturers/dealer software companies In order to manage up-time, increase parts & service sales Integration of 3rd party solutions and improve customer relationship management Volvo Technology DYNAFLEET Volvo´s online transport information system Volvo Technology Product history ’09- VolvoLink ’08- VTNA ’06- Optifleet RT DF
    [Show full text]
  • Only Class 3110 Aerospace Roller Bearings Granted a Waiver from The
    LIST CURRENT AS OF 17 SEPTEMBER 2013 List of Class 3110, Aerospace Roller Bearings that have been granted a Waiver from the Non-Manufacturing Rule (NMR) Legend: All of the below bearing Federal Stock Numbers begin with a class-designation of 3110 and are then followed by 9 digits (ex. 000045095), which identifies the specific bearing Below each bold Federal Stock Number are the CAGE codes and names of approved manufacturers of that bearing o The CAGE code is listed first and the name of the manufacturer is below each CAGE code (ex. NTN BEARING CORPORATION OF AMERICA with their CAGE code [0LTL1] listed above ) 000045095 0LTL1 NTN BEARING CORPORATION OF AMERICA 60038 THE TIMKEN CORPORATION Z0992 AUSTRALIAN TIMKEN PTY LTD 000389332 52676 SKF USA INC. 77107 PARAGON POWER INC SUB OF GREAT LAKES 000519119 13499 1 | P a g e LIST CURRENT AS OF 17 SEPTEMBER 2013 ROCKWELL COLLINS INC. DIV GOVERNMENT 40920 MPB CORPORATION DBA TIMKEN SUPER PRE 50294 NEW HAMPSHIRE BALL BEARINGS, INC. DB 000616154 40920 MPB CORPORATION DBA TIMKEN SUPER PRE 83086 NEW HAMPSHIRE BALL BEARINGS INC. DIV 000866964 0LTL1 NTN BEARING CORPORATION OF AMERICA 52676 SKF USA INC. 001000268 0LTL1 NTN BEARING CORPORATION OF AMERICA 3D6E9 AXLETECH INTERNATIONAL LLC 60038 THE TIMKEN CORPORATION 78500 MERITOR HEAVY VEHICLE SYSTEMS LLC DI F0272 2 | P a g e LIST CURRENT AS OF 17 SEPTEMBER 2013 SKF FRANCE F0704 THE TIMKEN COMPANY H2229 RDM TECHNOLOGY B.V. 001000271 06085 BAE SYSTEMS LAND & ARMAMENTS L.P. BA 0LTL1 NTN BEARING CORPORATION OF AMERICA 45152 OSHKOSH CORPORATION 60038 THE TIMKEN CORPORATION 001000282 04627 NACCO MATERIALS HANDLING GROUP INC 0LTL1 NTN BEARING CORPORATION OF AMERICA 60038 THE TIMKEN CORPORATION F0272 SKF FRANCE F0704 THE TIMKEN COMPANY 3 | P a g e LIST CURRENT AS OF 17 SEPTEMBER 2013 001000285 0LTL1 NTN BEARING CORPORATION OF AMERICA 11083 CATERPILLAR INC.
    [Show full text]
  • United States District Court Western District of Virginia Roanoke Division
    UNITED STATES DISTRICT COURT WESTERN DISTRICT OF VIRGINIA ROANOKE DIVISION VOLVO GROUP NORTH AMERICA, LLC ) d/b/a VOLVO TRUCKS NORTH AMERICA, ) a Delaware limited liability company, ) ) Plaintiff, ) ) and ) Civil Action No. 7:18-cv-00043-EKD ) KENWORTH TRUCK COMPANY, a ) Division of PACCAR INC., a Washington ) corporation, ) ) Plaintiff-in-Intervention, ) ) v. ) ) TRUCK ENTERPRISES, INC., a Virginia ) corporation; JAMES E. HARTMAN; TRUCK ) ENTERPRISES ROANOKE, INC., a Virginia ) corporation; TRUCK ENTERPRISES ) LYNCHBURG, INC., a Virginia corporation; ) and TRUCK ENTERPRISES ) HAGERSTOWN, INC., a Virginia ) corporation, ) ) Defendants. ) MEMORANDUM OPINION AND ORDER GRANTING MOTION FOR PRELIMINARY INJUNCTION In a prior suit between the same parties, Volvo Group North America, LLC v. Truck Enterprises, Inc., No. 7:16-cv-25 (W.D. Va.) (Volvo I), this court issued an opinion on cross- motions for summary judgment concerning the scope of Volvo Trucks North America, LLC’s (Volvo) contractual and statutory rights of first refusal as related to a 2015 business deal between defendants and a proposed purchaser. The deal was intended to transfer ownership of defendants’ truck dealerships, including Volvo dealerships. After judgment was entered in that case, defendants appealed to the United States Court of Appeals for the Fourth Circuit. While the appeal was pending, defendants entered into a differently structured deal with the same proposed purchaser. This new agreement (the 2018 Stock Purchase Agreement or the 2018 Deal), dated January 12, 2018, is the subject of this lawsuit. Volvo filed suit and also sought preliminary injunctive relief that would stop the 2018 Deal from going forward until the court resolves the claims in this case.
    [Show full text]
  • Truck Market 2024 Sustainable Growth in Global Markets Editorial Welcome to the Deloitte 2014 Truck Study
    Truck Market 2024 Sustainable Growth in Global Markets Editorial Welcome to the Deloitte 2014 Truck Study Dear Reader, Welcome to the Deloitte 2014 Truck Study. 1 Growth is back on the agenda. While the industry environment remains challenging, the key question is how premium commercial vehicle OEMs can grow profitably and sustainably in a 2 global setting. 3 This year we present a truly international outlook, prepared by the Deloitte Global Commercial 4 Vehicle Team. After speaking with a selection of European OEM senior executives from around the world, we prepared this innovative study. It combines industry and Deloitte expert 5 insight with a wide array of data. Our experts draw on first-hand knowledge of both country 6 Christopher Nürk Michael A. Maier and industry-specific challenges. We hope you will find this report useful in developing your future business strategy. To the 7 many executives who took the time to respond to our survey, thank you for your time and valuable input. We look forward to continuing this important strategic conversation with you. Using this report In each chapter you will find: • A summary of the key messages and insights of the chapter and an overview of the survey responses regarding each topic Christopher Nürk Michael A. Maier • Detailed materials supporting our findings Partner Automotive Director Strategy & Operations and explaining the impacts for the OEMs © 2014 Deloitte Consulting GmbH Table of Contents The global truck market outlook is optimistic Yet, slow growth in key markets will increase competition while growth is shifting 1. Executive Summary to new geographies 2.
    [Show full text]
  • Triplex Windscreen for Buses
    LAMITEX CATALOGUE * If you can`t find your bus model - contact us, our company can produce any windscreen on your size Height Width Code Brand and Model (mm) (mm) AJOKKI 873 Ajokki 5000 left 1144 1350 874 Ajokki 5000 right 1144 1350 809 Ajokki 5300 / Delta 200-300 / MAN 333/334 Magirus / MB O307 / WIIMA left 1075 1276 810 Ajokki 5300 / Delta 200-300 / MAN 333/334 Magirus / MB O307 / WIIMA right 1075 1276 1081 Ajokki 6000 left 1220 1410 1082 Ajokki 6000 right 1220 1410 7039 Ajokki 7000 left 1172 1404 7040 Ajokki 7000 right 1172 1404 1171 Ajokki City left / VÖV 1138 1277 1172 Ajokki City right / VÖV 1138 1277 1445 Ajokki Express left 1540 1290 1446 Ajokki Express right 1540 1290 7147 Ajokki Royal 1756 2435 7024 Ajokki Royal left 1755 1210 7025 Ajokki Royal right 1755 1210 1634 Ajokki Victor / Carrus 50 1552 2412 7407 Ajokki Victor / Carrus 50 left 1552 1201 7408 Ajokki Victor / Carrus 50 right 1552 1201 7242 Ajokki Vector 1655 2480 1188 Ajokki Apollo / Delta Star 1429 2518 ARNA 7175 Arna 1005 2535 7245 Arna 1127 2457 AUTOSAN 7392 Autosan 1232 2510 7366 Autosan A0808T Gemini 1716 2435 7418 Autosan A0909L Tramp 1130 2680 7385 Autosan H7-10 Traper 1230 2367 7379 Autosan Lider 1221 2616 7530 Autosan A8V Wetlina 1446 2182 BERKHOF 7026 Berkhof Excellence 2000 lower 1065 2732 7092 Berkhof Excellence 2000 HL upper 1073 2608 7118 Berkhof Excellence 1000 LD 1750 2740 7167 Berkhof Emperor lower 1147 2766 7140 Berkhof Esprite 1598 2630 7246 Berkhof Everest lower 1144 2730 7276 Berkhof 500 1530 2704 7395 Berkhof / Volvo 1640 1994 7444 Berkhoff / DAF
    [Show full text]
  • Merged Testimony As of 1-13-2021 at 857 AM
    SB291 - MD Motor Truck Association - Favorable.pdf Uploaded by: Campion, Louis Position: FAV Maryland Motor Truck Association 9256 Bendix Road, Suite 203, Columbia, MD 21045 Phone: 410-644-4600 Fax: 410-644-2537 HEARING DATE: January 14, 2021 BILL NO: SB291: Motor Vehicle Offenses – Following Too Closely – Unified Truck Travel COMMITTEE: Senate Judicial Proceedings Committee POSITION: Support Maryland Motor Truck Association (MMTA) believes that truck platooning, which involves the use of vehicle-to- vehicle communications and sensors, such as cameras and radar, to virtually connect two or more trucks together in a convoy, has tremendous potential to improve safety and fuel economy, while reducing costs, in the trucking industry’s future. Platooning should not be confused with autonomy. The virtual link created enables all of the vehicles in a platoon to communicate with each other, allowing them to automatically accelerate together, brake together, and follow each other at a closer distance than is typically possible with unlinked trucks. However, in today’s platoons, each truck has a human driver to take over the speed and braking as needed. The driver of the first truck leads the platoon and navigates the route. Studies show that all vehicles in a platoon save fuel, ranging from 4% in the lead truck to 10% in trailing vehicles. Because trucks are “virtually” connected and remain steered by a human, they do not require the tremendous infrastructure investment needed for fully autonomous vehicles. According to the U.S. Department of Energy’s National Renewable Energy Laboratory approximately 65% of the miles travelled by trucks could be platooned, typically for over-the-road highway operations.
    [Show full text]
  • Delivering on Our Promise Skilled Technicians – a Key to Growth and Success
    STORIES FROM THE WORLD OF THE VOLVO GROUP 1.2018 DELIVERING ON OUR PROMISE SKILLED TECHNICIANS – A KEY TO GROWTH AND SUCCESS “There is a lot of scope to develop and improve yourself.” RICHIE BARLOW, TECHNICIAN IN THE UK EDITORIAL Let’s deliver on our customers’ expectations – together! HE WORLD IS full of words but also as a company. This is how collaboration which found their way from one creates real value for our company and our language to global usage, like the customers. French “souvenir”, the German We should not forget our suppliers and “kindergarten” and a Swedish partners in the supply chain, who show their Tmagical word, “fika”. Fika means having a coffee commitment to safeguard deliveries every day. break, but, more importantly, it is about doing it Professional partnerships are based on mutual together. trust. When we lose, our suppliers lose. When we Successful collaboration is the result when win, we win together! we together have the will to deliver on our I could mention so many more examples of customers’ expectations. And we do! Just reflect great teamwork that I have witnessed. We will on all the fantastic launches in the last year or continue to reinforce our performance through so. Thanks to our products, services and the even more proactive and closer cooperation. amazing work done by our sales colleagues Because one thing is for sure, the high volatility around the world, we have full order books. It is of the commercial vehicle market is constant. the best evidence of our customers’ trust in us And this constant change can only be efficiently and our ability to deliver on our promises.
    [Show full text]
  • Use of the 5.850-5.925 Ghz Band (ET Docket No
    March 9, 2020 Federal Communications Commission 445 12th Street, SW Washington, D.C. 20554 Re: Use of the 5.850-5.925 GHz Band (ET Docket No. 19-138) Volvo Group North America (“VGNA”) respectfully submits its comments on the Federal Communications Commission’s (“FCC’s”) public notice on the use of the 5.850-5.925 GHz band (ET Docket No. 19-138), dated February 6, 2020. According to the notice, the FCC will amend its rules for the 5.850-5.925 GHz band by allowing unlicensed Wi-Fi users to operate in the lower 45 MHz of the band and Intelligent Transportation System (“ITS”) operations in the upper 30 MHz. Additionally, ITS operations would consist of Cellular Vehicle-to- Everything (“C-V2X”) devices at 5.905-5.925 GHz (20 MHz), and C-V2X and/or Dedicated Short-Range Communication (“DSRC”) devices at 5.895-5.905 GHz (10 MHz). The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. Volvo Group develops, manufactures, and sells heavy-duty trucks, buses, contruction equipment, and motor coaches and their powertrains in the U.S. under the brand names of Volvo Trucks, Mack Trucks, Volvo Construction Equipment, Nova Bus, Volvo Bus, and Prevost. The Volvo Group has been manufacturing in the U.S. since 1903 and directly employs nearly 13,000 Americans. We indirectly employ tens of thousands more Americans through our supply chain and dealer networks. Our major facilities are in North Carolina, Pennsylvania, Virginia, Maryland, and New York.
    [Show full text]
  • Le Nouveau Volvo 8900 – L'autobus Interurbain Vert
    OnMagazine promotionnel The de Volvo Bus Corporation Move n° 2 2010 Voici le Volvo 9500 – Polyvalence sur la route Le nouveau Volvo 8900 – l’autobus interurbain vert SAFETY THAT FITS ALL ALCOLOCKS ARE NOT ONLY AVAILABLE FROM THE ASSEMBLY LINE. NOW YOU CAN EXTEND THIS SAFETY MEASURE TO YOUR ENTIRE FLEET. Specifically engineered to withstand dust, vibration and extreme temperatures, ALCOLOCK is compatible with all vehicles. AVAILABLE THROUGH THE VOLVO DEALER NETWORK As a leading producer of alcohol interlocks and breath alcohol testers, Alcohol Countermeasure Systems offers technology of superior quality. These custom solutions are fully integrated and designed to communicate with other systems in your fleet, such as GPS, GSM and telematics. • CENELEC (EU) approved • Compatible with all vehicles To learn more on how to integrate alcohol interlock technology into your vehicles please visit our website: acs-corp.com Solutions de transport 4. Le Volvo 8900 est un efficaces et écologiques nouvel autobus interurbain associant acier et aluminium, Nos clients sont confrontés actuellement à des défis majeurs plus léger, consommant et cela n’est pas prêt de changer. Les décideurs imposent moins de carburant et plus aux exploitants d’autobus des normes environnementales ergonomique. extrêmement strictes tout en exigeant davantage de lignes. Sous la double pression de coûts élevés du carburant et d’une concurrence acharnée, les exploitants de lignes d’auto- cars doivent trouver des solutions toujours plus efficaces. Pour les aider à faire face à ces contraintes, Volvo Bus leur propose des solutions écologiques et rentables dont le niveau de service élevé séduit davantage de voyageurs. 7.
    [Show full text]