Though much slimmer than he once was, Bibendum– a.ka. The Michelin Man– is big enough to conceal secrets when he chooses.
Then again good old Bib (he is 110 years old!) is such a creature of public relations it should shock no one that he has graciously stepped aside long enough to let FleetOwner give you a sneak peak at the new tire his bosses at Michelin will fully reveal next week at the Technology & Maintenance Council (TMC) meeting in Orlando.
The new tire is the XZE2, the next generation of the XZE, which Michelin calls its best-selling truck tire.
Michelin tells us the new XE2 is a case of “the best just got better.”
According to Michelin, the XZE2 tire outperforms its XZE predecessor in a number of ways:
1) Significantly longer wear for additional miles with no performance compromise
2) Casing and siping designs that decrease irregular wear
3) Wider tread footprint for more stability
4) Tread rubber compound that was previously only available in LRH tires
5) Decrease in rolling resistance for better fuel economy.
The XZE2 will be offered starting March 1st in sizes 11R22.5, 275/80R22.5 and 11R24.5.
A 275/80R24.5 size will become available in April.
You can see the XZE2 in Orlando at Michelin’s booth (#1026) during TMC, which runs from Feb. 4-6, or just keep checking the FleetOwner website– updated daily!– to read a report on the tire as well as all the product and industry news reported from the show by FleetOwner editors on site.
Writing in The New York Times this week, columnist David Leonhardt defined what is happening to the U.S. economy as “the new moderation.”
And while I think he is 100% correct (read what he said here), what is happening now I think can much more directly be described as “Welcome back to the 1970s!”
Who out there remembers the “Me Decade”? Actually, in my mind the go-go ’80s were much more of a “me-first” period but I digress. How I recall the ’70s– beyond the generally horrible taste exhibited in almost everything from clothing to furniture save for cars and popular (not disco!) music and television– is that it was for better or worse a truly middle-class era.
Yes, 35 to 40 years ago there were plenty of persons living below the poverty line and as well as legions of the working poor– although I dare say there are more today. But there sure were fewer truly well-off people tooling around in luxomobile SUVs buying every new piece of electronica or kitchen countertop option for that matter that comes their way. And there were far fewer wannabes willing to embark on whatever risky financial gynmnastics they calculate could vault them into appearing or at least feeling “rich” or “upper class.”
Such cotton-candy whispy dreams had to end. But that doesn’t mean we are heading into a nightmare.
If everyone from Wall Street to Main Street does their part to intelligently downsize– especially the ridiculous and much too widely held belief that “consumers” can keep consuming at a dizzying pace forever and ever and ever– maybe just maybe everyone in this country who already has far more than their basic needs being met can slow down and consider there is more to life than square footage, wide screens and third-row seating.
If that happens, well, then maybe we can start to re-direct our formidable national energy from selling each other stuff and “’services” we don’t really need to being not only the world’s economic powerhouse but also the home of the kind of genius that propelled mankind ahead with such inventions as universal electricifcation, affordable automobiles, the telegraph and telephone, radio, motion pictures and television not to mention the personal computer, the Internet and the cell phone.
This nation was challenged to greatness by John F. Kennedy a few years after we’d been humiliated by the appearance of a dinky satellite dubbed Sputnik. JFK’s call to action was answered resoundingly. In much less than 10 years our nation went from a space-race has-been to putting, as Kennedy envisioned, a man on the moon.
“…in a very real sense, it will not be one man going to the moon–if we make this judgment affirmatively, it will be an entire nation. For all of us must work to put him there.”
–John F. Kennedy, May 25, 1961
If we could do that back then with the crude technology of the day why can’t we do more to excel and advance as a nation now?
I’ve no doubt that Fed rate cuts and tax refunds or stipends or whatever they’re calling them this time around will stimulate the economy to some degree. You put money on the street, it gets spent. Doesn’t take a rocket scientist to figure that out.
But what will stimulate our economy to where we really want it to be–way out front of every other economic power on earth– will be if Americans can individually and collectively start working toward more than their comfort.
Nostalgia is a dangerous thing, tis true. It can cover up all sorts of unpleasant truths. But what I remember most fondly about the ’70s was the sense of shared experience that existed in this country.
No, I don’t want to give up any of the progress made on any front since those days. But I do yearn for that feeling of “we are all in this together and let’s try to do something about it” that seems to have largely fled the good old U.S.A. in the last 30-odd years.
Maybe the next POTUS will be the kind of leader who will stir our nation once again to action if not greatness.
But the reality is it is up to all of us to make this a time worth recalling one day as the good old days.
According to The Wall Street Journal this morning, the Fed chairman has “endorsed a ‘quickly’ implemented fiscal stimulus package, saying it would complement the Fed’s efforts to provide monetary-policy insurance against an economic downturn.” The Journal also reported that in prepared testimony, Bernanke “repeated the pledge he made last week to enact ’substantive’ rate cuts if needed to counter the threat to the economy posed by fragile financial markets and weakening employment. ”
Way to go, Ben! What’s more, according to CNNMoney.com, our Lame Duck in Chief has indicated that he will support an economic stimulus package– even though it will mean making nice with the Frustrated Majority up on Capitol Hill.
On the other hand, we keep hearing that the $14-trillion– or some such unfathomable figure– U.S. economy is akin to the battleship that, no matter what harm’s way it is steaming into, cannot be turned on a dime.
Even so, there is such a thing as psyching people up. Americans both indiviudally and collectively as businesspersons are more apt to do what they can to help our economy if they feel the government is in there with them, shoulder to shoulder, trying to keep things moving at least forward.
By the way, The New York Times is running an extensive profile on Mr. Bernanke. It may be worth a look-see, if like me, you ever wonder much about how the hell things actually happen in this great, grand country of ours.
Where the money is…
SPECIAL BONUS !
Courtesy of Reuters, here is the Head Fed in Talking Head mode:
Almost six months after the horrible collapse of the Interstate 35W bridge in Minneapolis, the finger of blame is being pointed at a design flaw– gusset plates– that was viewed early on as the likely culprit.
According to a report on CNN.com today, a Congressional official briefed by the National Transportation Safety Board (NTSB) revealed that Federal investigators have identified a design flaw as the cause of the collapse that killed 13 people on August 1st.
“The official… said that investigators found a design flaw in the bridge’s gusset plates, which are the steel plates that tie steel beams together,” reported CNN.com. “The official spoke on the condition of anonymity so as not to pre-empt an update being provided later Tuesday by the NTSB chairman, Mark V. Rosenker.” Here at FleetOwner, I should note, we have not seen anything of that update as of 2:30 pm EST.
CNN.com also reported that Secretary of Transportation Mary Peters is expected to issue an advisory sometime today “urging states to check the gusset plates when modifications are made to a bridge — such as changes to the weight of the bridge or adding a guardrail, said a federal official with knowledge of the plans.”
We can all only hope that any bridge that needs inspecting in relation to that design flaw is checked over thoroughly posthaste.
The unbelievable aftermath (Photo: Aaron Becker/BBC)
Sometimes you got to wonder what people, including high-powered eggheads in Washington, are thinking.
News item: This afternoon The Wall Sreet Journal reported that Federal Reserve Chairman Ben Bernanke had “opened the door to aggressive interest-rate reductions, saying downside risks to the economy ‘have become more pronounced.’”
According to the Journal, his remarks “support Wall Street’s expectation that officials could lower the fed funds rate by as much as one-half percentage point when they meet at the end of this month.”
I for one am glad Mr. Bernanke has at last perhaps fully realized that so-called “downside risks” to the economy are quite real and deserve a hell of a lot of his attention.
But, really, what took him so long to figure that out?
I am no economist– geez, I managed to get through college without taking an economics course– but it does not even take a real estate license to know our economy has been heading for trouble ever since the first “creative” home loans (much better, I think, if these financial insstruments were referred to only as “mortgages,” the meaning of which can be traced back literally to the phrase “death pledge”) were floated four or five years ago before Americans bent on being homeowners or speculators– despite what their actual finances may have suggested was prudent.
Of course, all those folks eager to get their piece of the American dream (or to “flip it”) were aided and abetted if not seduced by the massive forces of the great real estate-mortgage banking-home improvement alliance that seemed to be formed overnight ready to flog along and cash in on this nationwide bacchanalia.
The party was long and hearty and now the hangover is stacking up to be nothing if not world class.
But abstinence alone will not cure this beast. Rather, it is high time the Fed and other economic players in the U.S. government stop talking and swing into action to at least mitigate if not turn around this crisis before it gets any worse.
The Journal also reported this afternoon that its latest survey of economic forecasters “sees 42% odds of a U.S. recession this year along with mounting inflationary pressures, an uncomfortable mix that could influence the focus of the presidential campaign and complicate life for the Federal Reserve.”
Based on the cold hard economic news that is peppering us like ice pellets of late, Santa Claus must be planning on delivering nothing but coal this Christmas Eve. That’s not all bad. Even though you can’t play with coal much and you sure can’t eat it, you at least can burn it to help hold down the heating bill that will soar as high as Rudolph the Red-nosed Reindeer this winter. Too bad you can’t fire up a truck with it.
Just the other night, Brian Williams ended the NBC Nightly News on a decidely sour note: with a report dubbed “Slow Going” that posited that when sales start to slide in the the RV –or “Motor Home” to the aficionados– industry it’s an indication the general economy is heading for a ditch, too. Apparently this year RV sales were down 10% and they’re expected to drop another 5% next year. The silver lining in the land yacht, though, is that if you’ve ever hankered for one and can actually afford one, now is probably the best time ever to get a deal on one!
But were the hand-wringing over RVs not enough to chase away dreams of sugarplums and whatnot so early this holiday season, yesterday came word via The Wall Street Journal that both GM and Ford plan to drastically cut back production early next year “reflecting toughening U.S. economic conditions and mounting challenges keeping their turnaround efforts on track.” Specifically, GM said it will slash production 11% in the first three months of ‘08 compared to the year-earlier period and Ford said it would reduce its first-quarter production forecast by 7.4%. The newspaper noted that those two were not alone: “Chrysler previously announced it will eliminate production shifts at several plants in the first quarter.”
OK, so we all (or me anyway) can live without an RV. Even the RV head honchos NBC interviewed admitted as much. But when the Big 3 automakers are rolling back production in the face of economic hardship, well, that gets my attention.
So much so I think it’s time to write a letter to Santa. For starters, I will ask him for a dose or twenty of intestinal fortitude. That will come in handy as I wait for my second request to be fulfilled next November– a new POTUS whom we can hope and pray will get this country to pull together and start moving again on all fronts.
I’d be remiss if I didn’t acknowledge in this space the outpouring of support I and the other members of the FleetOwner editorial & art staff have received from persons near and far in response to the tragic passing of Terry Nguyen, our beloved friend and colleague, whom we lost two weeks ago.
Everyone on FleetOwner has mentioned receiving phone calls, emails, cards and letters expressing sincere condolences. These kind words have come to us not only from all quarters of the U.S.-Canadian trucking industry but literally from the four corners of the globe– truly a witness to the positive impact Terry had in his short time with us.
I know each of us on FleetOwner has been deeply touched by these gestures of sympathy and have been honored to convey them to Terry’s family and friends.
“No worries.” I can’t tell you how many times my young friend– 21 years my junior to be exact– said that to me over the past three-and- a- half years as we worked together. And I know if he saw me now, he’d say it to me again, calming me down and lifting me up at the same time, were he still here among us. But sadly, terribly, Terry Nguyen lost his life to the fury of an ocean at the still tender age of 27 less than a week ago, on the afternooon of June 1st. Now it’s up to me to breathe life again into that line for him and above all to tell you a little something about the wonderful guy who had served so terrifically as the FleetOwner web editor since early in 2004. I only hope I can do his memory justice.
When Terry joined our merry band at FleetOwner, I didn’t know what to expect. He was our second web editor ever and back then, in February ‘04, some of us ink-stained types (me, anyway) still weren’t all that comfortable with the online world we were being asked to embrace alongside our familiar print environment.
I was charged in part with showing Terry, who was just a few years and jobs out of college, the editorial ropes. I pretty much had to cover everything from what cost-per-mile is to what a private fleet is with sidetrips to such arcane stopovers as journalistic style and, of course, why male FleetOwner editors are almost always clean-shaven.
Terry took me all in his calm stride– the bad-mood mornings, the better afternoons, the insane way I can only write well under withering pressure or late at night. Very soon, and faster than anyone I have met before or since, Terry grasped what our readers are about and what kind of information they need as well as how to get it for them. And that he did like a terrier. A very well-mannered terrier but a terrier none the less. I can’t tell you how many Washington big shots and trucking kingpins he interviewed or at least got a meaningful comment out of, often getting what he needed from them to meet a deadline before many of us had had our second cup of coffee.
Yes, I may be a veteran journalist but I learned so much from watching him, getting a refresher course in journalistic gung ho that I now treasure. Indeed, before long I found he was as much mentoring me as I him.
In fact, I would not be writing this blog entry– even have this blog to write in– were it not for Terry’s low-key encouragment that I could make it happen with, yes, “No worries.” And low key is key. Terry was not one to yell, let alone raise his voice above a conversational level. Yet we all heard him, even the several members (me included) of the staff who are more than a little hard of hearing. Maybe that’s because he always spoke quietly yet confidently, sure of himself without ever being cocksure.
That, I think, is one of the main reasons– along with his gentlemanly kindness– that he was so well liked and will be remembered fondly long after many blowhards yet to be born have come and gone.
Here you see Terry in a shot cropped from a photo of he and a friend posing (I’m pretty sure) outside the White House on a vacation trip he made to D.C. Terry loved to travel and his travel always meant visiting friends and family. When he got back from a trip, I was always astonished not by what he saw, but how many people he managed to see! By the way, that’s his trademark cap he’s wearing– the one he wore (but only outdoors) nearly every day.
He was on such a trip when his life was cut far too short. Terry was in Florida for a few days of vacation with a couple of college buddies after the Memorial Day weekend. The details are sketchy but after lunch on Friday of that week the fateful decision to go swimming was made. Churning beneath the Atlantic surf off Delray Beach were rip currents, which can challenge even the most experienced swimmers. I don’t know who went in first or who knew what about the rips running that day, but my understanding from local news reports is that all three went in and all three came out only with the help of lifeguards. His two friend survived the ordeal, thank God, but Terry could not be revived.
This is the point in the story where Terry would join in and say, “No worries” then somehow add a few words to the effect that everything will turn out as it should. And it always seemed to. Till that day.
If you knew Terry, or even if you just liked hearing about him, please keep his family and friends in your thoughts and prayers as they struggle through tough days ahead.
As for my colleague and dearly missed friend, to paraphrase the old Irish blessing, I believe Terry is now safely resting in the palm of God’s hand. And there he indeed has no worries.
Baseball has its World Series and the basketball powerhouses have their March Madness but trucking’s big show is four days on the cusp of Spring at the sprawling Fair & Exposition Center that’s but a short hop from the downtown of one of America’s greatest river cities, Louisville, Kentucky.
Indeed it is time to again head gladly South and indulge in porkchop sandwiches and other local delicacies as we in the industry press corps ( yes, that’s what we who aim to keep you informed on all things trucking generally call ourselves– you most certainly won’t catch any of us referring to ourselves as the “media”) endeavor to get to every booth we can and attend every scheduled and unscheduled press event possible during the Mid-America Trucking Show (MATS).
This year, MATS– open to the public from March 22-24– is expected to be a tad subdued given how trucking’ s suppliers keep telling us we’re in a rough year. That’s thanks to the robust pre-buying so many fleets did last year to avoid ‘07 engines and the not-so-robust economy the whole country is enduring this year. Of course, everyone reminds us in the same breath that ‘08 and ‘09 will be real barn-burners as the pre-buy ahead of EPA 2010 will be one for the record books. We can’t wait
Nevertheless, truck OEMs slating news (not “press”) conferences include most of the usual suspects: sister firms Kenworth and Peterbilt, International, and Volvo– but not its corporate sibling Mack. But conspicuous by its absence from the scheduled events will be the Freightliner Group (Freightliner, Sterling and Western Star), which opted not to hold its almost-as-traditional-as-Thanksgiving news conference held every Thursday morning for as long as I can recall. Freightliner had a big presence at other recent shows, including NTEA’s Work Truck Show earlier this month. I can only guess the North American arm of DaimlerChyrsler’s global truck operations has nothing it feels compelled to formally share with the ink-hungry this time out.
Whatever news breaks at MATS, you can be sure to find it first on fleetowner.com, which will be updated daily with reports from the squad of FleetOwner editors, including yours truly, who will be covering the show.
