NTEA issues annual report

The National Truck Equipment Assn. (NTEA) has published its “2007 Annual Report: State of the Association,”

The National Truck Equipment Assn. (NTEA) has published its “2007 Annual Report: State of the Association,” which details the group’s successes as it continues to expand its membership and industry service offerings.

"The Association continues to serve as a key resource to the work truck and trailer industry, offering programs and services that will help advance industry growth and offer members benefits to strengthen their business", said Jim Carney, NTEA executive director.

Among the key accomplishments cited by NTEA:

Redesign of ntea.com website. “The goal was to build even greater connectivity between suppliers, distributors and their customers. New features include site-wide search; the ability of users to create and change their own user ID and password; and a members-only "Networking Directory."

North American Truck Equipment Industry Outlook and Strategy Report. “NTEA commissioned Acclaro Growth Partners to conduct a major marketplace study to determine factors shaping the industry, how the industry is changing and what the implications are for truck equipment firms. This important resource is a critical planning tool for all industry firms to ensure successful growth and development.

Work Truck Show. “Continues to serve as the industry's leading event, the 2008 Work Truck Show boasted more than 7,200 attendees, a record-breaking 538 industry suppliers and 40 educational sessions. Dozens of new products were unveiled amidst the 450,000 sq. ft. of equipment displays.”

Member Verification Program (MVP). “The program recognizes members that have implemented sound business practices and met certain regulatory standards demonstrating their commitment to excellence. To date, 363 companies have achieved MVP status and the program keeps growing.”

iLumen financial benchmarking tool. “NTEA joined the iLumen Financial Network in offering members a computer-based financial benchmarking service. It allows firms to input their data and then access a proprietary financial dashboard to see how their operations have performed over time and in comparison to other businesses in the industry.”

Washington, DC, action. “NTEA secured specific provisions for the work truck industry in the comprehensive energy bill signed into law in December 2007. NTEA is continuing its efforts at NHTSA to secure regulatory relief for companies required to file quarterly early warning reporting (EWR) data; filed comments with NHTSA on a proposal to amend Federal Motor Vehicle Safety Standards 403/404 on platform lighting requirements and requested that NHTSA increase the safe-harbor weight limits for the cargo carrying capacity labels.

To learn more, download a free copy of the NTEA report by going to the NTEA web site and clicking on “Association, Member Resources” or call 800-441-NTEA (6832).

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