WABCO Boosts Fuel-Cost Savings for Maverick USA's Truck and Trailer Fleet; North America's First Fleet Fully Integrated for Tire
09 July 2008 - 9:19PM
PR Newswire (US)
BRUSSELS, July 9 /PRNewswire-FirstCall/ -- WABCO Holdings Inc.
(NYSE: WBC) today announced that Maverick USA, one of North
America's largest motor carriers, has completed its first year of
fleet operations equipped with nearly 1,000 WABCO IVTM integrated
vehicle tire pressure monitoring systems, resulting in
significantly improved fuel efficiency. The industry's first tire
monitoring system designed for commercial vehicles and launched in
partnership with Michelin in 2003, WABCO IVTM helps monitor air
pressure in real time enabling optimum level which improves fuel
efficiency through reduced road resistance. Recently, WABCO further
enhanced its IVTM system by launching an online IVTM Return on
Investment (ROI) Calculator
(http://www.wabco-auto.com/products_and_systems/roi_calculator), an
innovative web-based tool that allows fleet operators to quantify
potential cost savings by monitoring and maintaining correct tire
pressure. Commercial vehicles operating with low tire air pressure
have reduced stability and handling capabilities while tire
under-inflation can also contribute to heat build-up, a primary
cause of tire failure. WABCO's IVTM ROI Calculator shows the
influence of tire under-inflation ranging from 10 to 30 percent and
associated costs for service, downtime and replacement of tires.
"We are always striving to further reinforce our maintenance
practices and benefit from innovative aftermarket technology,
particularly in view of rapidly rising fuel prices," said Mike
Jeffress, Vice President of Maintenance at Maverick USA.
"Conversion of our fleet began in 2007 with a combination of
Michelin(R) X One(R) wide-base tires and WABCO IVTM systems, and
now we see positive results such as higher mileage-per-gallon,
reduced tire damage, longer tire life, lower maintenance cost and
less downtime. We will further convert our fleet to this proven
program of improved tire inflation maintenance." "Helping customers
mitigate the effects of increasing fuel prices and delivering
measurable results for their fleets will continue to contribute
strongly to our aftermarket growth in North America and
internationally," said Jean-Francois Barth, WABCO Vice President,
Aftermarket. "Maverick is an industry leader in trucking
maintenance and we are proud that our IVTM system is one of their
innovative ways to lower operating costs and protect their bottom
line. We are passionate about improving fuel efficiency for our
customers and WABCO's IVTM system helps pave the way for the future
of the trucking industry." About WABCO IVTM WABCO IVTM is the first
tire pressure monitoring system designed for commercial vehicles.
It was developed in partnership with Michelin and launched in the
original equipment (OE) market in 2003 and in the aftermarket in
2004. WABCO IVTM combines significant safety and cost benefits for
truck, trailer, and bus owners and operators through design
simplicity, ease of installation and robust components. To know
more about WABCO IVTM, visit: http://www.ivtm.com/ About WABCO
WABCO Vehicle Control Systems is one of the world's leading
providers of electronic braking, stability, suspension and
transmission automation systems for heavy duty commercial vehicles.
Customers include the world's leading commercial truck, trailer,
and bus manufacturers. Founded in the U.S. in 1869 as Westinghouse
Air Brake Company, WABCO was acquired by American Standard in 1968
and spun off in 2007. Headquartered in Brussels, Belgium, WABCO
employs more than 7,700 people in 31 countries worldwide. In 2007,
WABCO's total sales were $2.4 billion. WABCO is a publicly traded
company and is listed on the New York Stock Exchange with the stock
symbol WBC. Website: http://www.wabco-auto.com/ Media contact
Tobias Mueller, +49-69-7191-6834, Investors and financial analysts
contact Mike Thompson, +32(2)663-9854, Jason Campbell,
+1-732-369-7477, DATASOURCE: WABCO Holdings Inc. CONTACT: Media
contact: Tobias Mueller, +49-69-7191-6834, ; Investors and
financial analysts contact: Mike Thompson, +32(2)663-9854, ; Jason
Campbell, +1-732-369-7477,
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