Jack Stack Receives APRA’s Distinguished Service Award

John P. (Jack) Stack, President and CEO of SRC Holdings Corporation in Springfield, Missouri, was presented with the Automotive Parts Remanufacturers Association’s Distinguished Service Award on June 4, 2010 during the APRA MEGA Clinic. In presenting the award, APRA Chairman George Davis, stated, “Jack Stack has done a great deal over the past 27 years to elevate the remanufacturing industry so that consumers and government officials understand the tremendous contributions that the remanufacturing industry makes to protecting the environment as well as keeping over 225 million vehicles on the nations highways.” In 1983, Stack and the SRC employees bought the company from International Harvester and turned it into what INC. Magazine has proclaimed “one of America’s most competitive small companies.” He is the author of the book, The Great Game of Business, published in 1992, which was selected as one of the thirty best business books of the year by Soundview Executive Book Summaries. SRC has received both the National Business Ethics Award and the Business Enterprise Trust Award. SRC was also selected as one of the Top 100 Companies to Work for in America. Jack’s second book, A Stake in the Outcome, was published in March 2002. Jack is a national and world judge and a past recipient of the Ernst & Young Entrepreneur of the Year Awards Institute and has served as an advisor for this group since 1998. INC. Magazine has called him the “smartest strategist in America” and named him one of twentyfive entrepreneurs selected to represent the 25 years INC. has been published. Jack was also listed among the “top 10 minds in small business” in Fortune Small Business Magazine.

Hino Trucks Adds Hitachi As Preferred Financial Partner

Hino Trucks announced today that it has entered into an agreement with Hitachi Capital America Corp. that will expand Hino’s current commercial financing options. In addition to Hino’s captive financial partner, Toyota Financial Services, Hino’s dealers and customers will now have access to Hitachi Capital America Corp.’s retail and wholesale financing offerings. Hitachi’s dedicated team brings a wealth of experience and expertise in creating solutions for commercial truck financing and is uniquely positioned to address the needs of Hino customers. “It is a challenge in today’s financial climate to secure financing for a customer after they have committed to purchasing a new or used vehicle,” said Bob McDowell, Sr. Vice President, Sales and Customer Support for Hino Trucks. “Adding a well capitalized partner like Hitachi, who specializes in the medium duty truck market, is a tremendous asset to our growing dealer body and customer base,” he added. Hitachi will work with Hino Trucks to develop new and used retail financing programs, tailored to the changing needs of the medium duty truck market. “We are excited about the opportunity to partner with Hino Trucks and to help them grow in new markets by offering its dealers and customers some of the most competitive finance programs available,” explained Robert Otto, Sr. Vice President & General Manager for Hitachi Capital America Corp. He added, “With Hino and Hitachi’s dedicated focus to the medium duty customer, we believe this partnership will offer uncompromised value!” About Hitachi Capital America Corp.: Hitachi Capital America Corp., a subsidiary of Hitachi Capital Corporation, is an independent, diversified leasing and financial services company providing financing to Hitachi group companies and the commercial business sector in the United States.

Fontaine Introduces New Premium Fifth Wheel with Infinite Automatic Slack Adjustment

Fontaine Fifth Wheel introduces the Fontaine® Ultra NS, the first fifth wheel to offer infinite, automatic slack adjustment in order to provide a more comfortable ride and reduce component wear. The Fontaine Ultra NS is part of the company’s new Ultra family of fifth wheels. This premium fifth wheel features the next generation of Fontaine’s patented No-Slack® lock design. Slack, which is open space around the kingpin when the fifth wheel lock is engaged, causes many problems, including a jarring ride for the driver and increased inputs into the vehicle frame that can cause premature wear to truck components. With the Ultra NS fifth wheel, Fontaine engineers completely re-imagined the fifth wheel lock. The Ultra NS fifth wheel replaces the jaw and wedge utilized by previous No-Slack locks with a cam and moveable jaw system. The cam “swings” the jaw into position behind the kingpin, where it is kept in place by constant spring pressure. That pressure, combined with various design elements, provides infinite slack adjustment for zero slack at all times. Only Fontaine fifth wheel locks automatically self-adjust to reduce slack. “The lock on the Ultra NS fifth wheel also provides additional contact to the kingpin, helping to increase kingpin longevity,” says Terry Mennon, vice president of sales and marketing for Fontaine. “The Ultra NS has an automatic secondary lock and a positive lock indicator that provides a quick visual signal to the driver that the lock is properly closed. Like all Fontaine fifth wheels, the Ultra NS is equipped with a safety trigger that prevents high hitching.” Because the Ultra NS fifth wheel self-adjusts to hold any size kingpin, it allows fleet operators to switch from trailer to trailer hassle-free. The Utlra NS fifth wheel is also easier to open. Its pull handle has a shorter opening stroke to eliminate interference with fenders and tires. The compact Ultra NS fifth wheel is easy to maintain and rebuild, for reduced vehicle downtime. A low-lube lock is standard. Air actuation and a lube-free top plate are optional. The Ultra NS fifth wheel is rated for on-highway use in standard to severe service applications, with a 55,000 pound vertical load and 150,000 pound drawbar pull rating. It is cast steel and offers the same extensive mounting options as Fontaine’s popular 6000 and 7000 Series fifth wheels. “For fleets looking for a durable, easy-to-rebuild fifth wheel with all the latest features to enhance driver comfort and security, the Ultra NS is a great choice,” Mennen says. “It is truly a top-of-the-line fifth wheel.” It is with great sadness we announce today the passing of ADS Honorary Member and 1st President Herb Wittersheim. The Association of Diesel Specialists owes a sincere debt of gratitude to this diesel industry pioneer. Herb started in the diesel industry upon graduation from high school in Chicago in 1939 as a machinist apprentice with Diesel Engineering and Manufacturing, known as DEMCO, located in Chicago. While under the apprenticeship, he was awarded a mechanical engineering scholarship by DEMCO to attend the Amour Institute (now Illinois Institute of Technology), where he attended two nights a week and weekends while working 45-50 hours per week because our country was preparing for World War II. After being discharged from the Army at Fort Eustis, Virginia, he established a Diesel Fuel Injection company headquartered in Norfolk, VA, and with branches in Salem & Richmond, VA, and Raleigh, N.C. Herb collaborated with Henry Ortner from American Bosch among other early leaders in the diesel industry to establish the Association of Diesel Specialists whose first meeting was held at the Sherman Hotel in Chicago, Illinois in 1956. There were 21 attendees in the first meeting. Herb never missed a single ADS Annual Meeting or Board of Directors Meeting as well as attending many regional meetings throughout his distinguished career. Herb was passionate about ADS and the diesel industry and believed “ADS should remain an active partner in the diesel industry. To do so, it must never forget its basis of foundation is service.” Herb Wittersheim will be sorely missed.

PSI PRESENTS 2009 THERMALERT Athena AWARD

Company Expects To Add 200 Jobs Over Next Five Years Cummins Inc. (NYSE: CMI) today announced that it is expanding its High-Horsepower Technical Center and high-horsepower engine product line at its manufacturing facility in Seymour. The expansion of the center will provide the company with more opportunities for producing high-horsepower clean-diesel and natural gas engines in the future. Mark Levett, Vice President and General Manager – High-Horsepower Business, made the announcement at the plant and was joined by Indiana Lt. Gov. Becky Skillman, U.S. Rep. Baron Hill and several members of local and state government representing the Seymour area. Cummins plans to invest approximately $100 million in the expansion at the Seymour plant, which is expected to result in approximately 200 engineering and manufacturing jobs over the next five years. The plant currently employs nearly 450 people. The Company also announced today that it has changed the name of the facility to the Seymour Engine Plant, from the Cummins Industrial Center. The new name is consistent with the Company’s practice at many of its major engine manufacturing locations elsewhere. “Our high-horsepower business continues to grow in importance,” said Tom Linebarger, President and Chief Operating Officer. “This facility and product line expansion will allow us to maintain our technology leadership and strong product portfolio. Cummins will continue to provide leadership as our customers face ever more challenging worldwide emissions regulations.”