PLM Paves the Way with zero-emissions for the Transport Refrigerated Unit

SAN FRANCISCO, Jan. 5, 2021 /PRNewswire/ — PLM Fleet LLC dba PLM Trailer Leasing («PLM») now offers a net-zero emission refrigerated trailer as an alternative energy fleet solution.  Through a partnership with Advanced Energy Machines, («AEM»), the zero emission AEM Solar Tech Transportation Refrigeration Unit («TRU») is a complete all electric solution with an industry standard operating range.  The Solar Tech electric TRU offers best in class design and operation, including:

<div…

SAN FRANCISCO, Jan. 5, 2021 /PRNewswire/ — PLM Fleet LLC dba PLM Trailer Leasing («PLM») now offers a net-zero emission refrigerated trailer as an alternative energy fleet solution.  Through a partnership with Advanced Energy Machines, («AEM»), the zero emission AEM Solar Tech Transportation Refrigeration Unit («TRU») is a complete all electric solution with an industry standard operating range.  The Solar Tech electric TRU offers best in class design and operation, including:

  • Single and multi-temperature options
  • Full-range temperature control and performance
  • 30+ hours of continuous use between charges
  • Fully charged in 8 hours  
  • Weight-neutral compared to traditional diesel TRU
  • Safe, 40-volt DC non-arc charging
PLM Offers Zero Emission Refrigerated Trailer

PLM is the exclusive sales and marketing company for the AEM electric TRU and a California Clean Air Off-Road Equipment («CORE») program approved dealer offering on-site consulting for facility and refrigerated trailers leveraging alternative energy and developing programs to transition your business to clean energy.

PLM’s Vice President of Sales Mike Marshall adds «Through the PLM – AEM partnership customers can be assured that they are getting the best technology offered today; the latest in zero emissions refrigeration technology on the road with leasing, distributed energy site solutions, and complete services support.» Test and trial trailers in a selection of trailer lengths and designs are available today.

  • Personalized training and support structure
  • Remote temperature and operations management with ColdLink® 
  • Complete site evaluation for infrastructure
  • Reservations available, ask about pricing and recommended trial periods

*currently available in California

About PLM
PLM, headquartered in Newark, New Jersey, is an industry leader and the only company with nationwide locations dedicated exclusively to the leasing, rental, maintenance, IoT solutions and fleet management of refrigerated trailers in the Cold Supply Chain.    For more information, please visit www.plmtrailer.com or call 1- 877-736-8756

About AEM
From semiconductors to semi-trailers, AEM founders Ronald and Robert Koelsch have been engineering innovative products and building specialized business relationships for over thirty years. AEM combines years of education and experience in engineering, science, industry, sales, marketing, and business management with patented technology to provide customers with products that are reliable, cost-effective, and commercially viable.  For more information, visit http://www.aem.green

Media Contact

Nicole Greco
PLM
+1 862-229-6480
ngreco@plmfleet.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/plm-paves-the-way-with-zero-emissions-for-the-transport-refrigerated-unit-301201487.html

SOURCE PLM

Trucks & Electrified Vehicles Propel American Honda to Strong 2020 Finish

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ —

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire-HISPANIC PR WIRE/ —

American Honda

Honda

Acura

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Q4

366,068

138,925

227,143

41,329

11,069

30,260

324,739

127,856

196,833

-8.9%

-13.4%

-5.9%

-7.3%

-8.3%

-7.5

-9.1%

-14%

-5.7%

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Dec.

136,467

48,833

87,634

15,648

3,788

11,860

120,819

45,045

75,774

-0.1%

-6%

+3.6%

-3%

-10.5%

-0.3%

+0.3%

-5.6%

+4.2%

«While 2020 was a year of unprecedented challenges, through the efforts of our Honda and Dealer associates and the continuing loyalty of our customers, we were able to deliver 1.3 million vehicles,» said Dave Gardner, executive vice president of National Operations at American Honda. «As the world continues to cope with the global pandemic, we remain optimistic that things will improve soon and look forward to the upcoming launches of critical all-new products like the Honda Civic and Acura MDX.»

BRAND REPORT

Sales Highlights

Notes

Honda wrapped a globally-challenging year on a positive note with a 4.2% December gain for trucks, plus a new record for electrified vehicles and a double record for Passport.

   •    Led by strong sales of the CR-V Hybrid (24,406) and Accord Hybrid (18,229), Honda posted record sales of electrified vehicles for the third straight year, totaling 62,982 in 2020.

   •   Passport set a new all-time annual sales record of nearly 40,000 units, plus record December sales of 4,344 units.

   •   CR-V remained Honda’s best-selling vehicle, as sales topped 300,000 units for the 8th straight year, on sales of 333,502 units.

   •   Civic posted strong sales of 261,225 in 2020 to lead all compact cars and remain the best-selling model to millennial and first-time buyers.

The boldly redesigned 2021 Ridgeline signals a new design direction to more effectively communicate the rugged capabilities of Honda light trucks and SUVs.

 

The Civic Type R LE just launched as the ultimate street-legal Honda, the perfect capstone to the unparalleled success of the retail best-selling 10th gen Civic.

 

BRAND REPORT

Sales Highlights

Notes

Acura completed 2020 with strong December sales performances, both at the gateway to the lineup with ILX and at the top with MDX which posted its best month since August 2018. 2021 promises to be an exciting year with the arrival of the fourth-gen MDX and the return of Type-S performance variants.

   •   ILX enjoyed another strong month in December with sales of 1,417 units, gaining 8.6% for the month.

   •   Acura SUV sales topped 100,000 units for the 7th straight year.

   •   RDX sales surpassed the 50,000 mark for the 6th consecutive year with total sales of 52,785 units in 2020.

 

The all-new 2021 TLX is the quickest, best-handling and most well-appointed sedan in Acura history, and just earned the highest safety rating from IIHS: TOP SAFETY PICK+.

 

As the new brand flagship, the 2022 MDX represents a quantum leap forward as the most premium, performance-focused and technologically sophisticated Acura SUV ever.

            

American Honda Vehicle Sales for December 2020

Month-to-Date

Year-to-Date

December 2020

December 2019

DSR** % Change

MoM % Change

December 2020

December 2019

DSR** % Change

YoY % Change

American Honda Total

136,467

136,566

-10.8%

-0.1%

1,346,788

1,608,170

-16.8%

-16.3%

Total Car Sales

48,833

51,952

-16.1%

-6.0%

549,701

706,463

-22.7%

-22.2%

Total Truck Sales

87,634

84,614

-7.5%

3.6%

797,087

901,707

-12.2%

-11.6%

Honda

Total Car Sales

45,045

47,718

-15.7%

-5.6%

513,319

663,973

-23.2%

-22.7%

Honda

Total Truck Sales

75,774

72,715

-7.0%

4.2%

696,486

786,812

-12.1%

-11.5%

Acura

Total Car Sales

3,788

4,234

-20.1%

-10.5%

36,382

42,490

-14.9%

-14.4%

Acura

Total Truck Sales

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

* Total Domestic Car Sales

44,083

46,070

-14.6%

-4.3%

492,335

603,197

-18.9%

-18.4%

Domestic

Car

Honda Division

40,367

41,908

-14.0%

-3.7%

457,008

561,726

-19.2%

-18.6%

Acura Division

3,716

4,162

-20.3%

-10.7%

35,327

41,471

-15.4%

-14.8%

* Total Domestic Truck Sales

87,633

84,122

-7.0%

4.2%

796,444

879,432

-10.0%

-9.4%

Domestic

Truck

Honda Division

75,773

72,223

-6.3%

4.9%

695,843

764,537

-9.6%

-9.0%

Acura Division

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

  Total Import Car Sales

4,750

5,882

-27.9%

-19.2%

57,366

103,266

-44.8%

-44.4%

Import

Car

Honda Division

4,678

5,810

-28.1%

-19.5%

56,311

102,247

-45.3%

-44.9%

Acura Division

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

  Total Import Truck Sales

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Import

Truck

Honda Division

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Acura Division

0

0

0.0%

0.0%

0

0

0.0%

0.0%

   MODEL BREAKOUT BY DIVISION

Honda Division Total

120,819

120,433

-10.4%

0.3%

1,209,805

1,450,785

-17.2%

-16.6%

Honda

Car

ACCORD

19,509

19,682

-11.5%

-0.9%

199,458

267,567

-25.9%

-25.5%

CIVIC

21,047

22,913

-18.0%

-8.1%

261,225

325,650

-20.3%

-19.8%

CLARITY

551

805

-38.9%

-31.6%

4,215

11,654

-64.1%

-63.8%

CR-Z

0

0

0.0%

0.0%

1

2

-50.3%

-50.0%

FIT

2,705

2,609

-7.4%

3.7%

32,488

35,414

-8.9%

-8.3%

INSIGHT

1,233

1,709

-35.6%

-27.9%

15,932

23,686

-33.2%

-32.7%

Car

Truck

CR-V

38,120

36,098

-5.7%

5.6%

333,502

384,168

-13.8%

-13.2%

HR-V

8,428

9,199

-18.2%

-8.4%

84,027

99,104

-15.8%

-15.2%

ODYSSEY

8,701

8,734

-11.1%

-0.4%

83,409

99,113

-16.4%

-15.8%

PASSPORT

4,344

3,677

5.5%

18.1%

39,567

36,085

8.9%

9.6%

PILOT

13,054

11,250

3.6%

16.0%

123,813

135,008

-8.9%

-8.3%

RIDGELINE

3,127

3,757

-25.7%

-16.8%

32,168

33,334

-4.1%

-3.5%

Truck

Acura Division Total

15,648

16,133

-13.4%

-3.0%

136,983

157,385

-13.5%

-13.0%

Acura

Car

ILX

1,417

1,305

-3.1%

8.6%

13,414

14,685

-9.2%

-8.7%

NSX

14

10

25.0%

40.0%

128

238

-46.6%

-46.2%

RLX / RL

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

TLX

2,285

2,847

-28.3%

-19.7%

21,785

26,548

-18.5%

-17.9%

Car

Truck

MDX

6,040

5,636

-4.3%

7.2%

47,816

52,019

-8.7%

-8.1%

RDX

5,820

6,263

-17.0%

-7.1%

52,785

62,876

-16.6%

-16.0%

Truck

Selling Days

28

25

309

307

**** Electrified Vehicles

8,498

4,700

61.4%

80.8%

64,792

61,978

3.9%

4.5%

*    Honda and Acura vehicles are made of domestic & global sourced parts

**   Daily Selling Rate

**** Electrified Vehicles equal: Total sales of Hybrid (FHEV & PHEV), EVs (BEV) and Fuel Cell Vehicles (FCV) from the Honda and Acura brands.

 

Photo – https://mma.prnewswire.com/media/1395217/2021_Honda_Passport.jpg
PDF – https://mma.prnewswire.com/media/1395218/Honda_December_Q4_2020_Sales.pdf 
Logo – https://mma.prnewswire.com/media/477245/HONDALOGO_Logo.jpg

SOURCE American Honda Motor Co., Inc.

Comerica Bank’s California Index Ticked Higher

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s California Economic Activity Index increased in October to a level of 101.0. October’s reading is 12 percent above the historical low of 90.3. The index averaged 124.4 points in 2019, 0.5 points above the average for all of 2018. September’s index reading was 97.7.

<a…

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s California Economic Activity Index increased in October to a level of 101.0. October’s reading is 12 percent above the historical low of 90.3. The index averaged 124.4 points in 2019, 0.5 points above the average for all of 2018. September’s index reading was 97.7.

Our California Economic Activity Index improved again in October, now up for the fourth consecutive month. The index components were generally positive in October. Six of the eight components saw gains for the month including nonfarm employment, unemployment insurance claims (inverted), housing starts, house prices, the Dow Jones Technology Index and hotel occupancy. Industrial electricity demand and state total trade were both negative for the month. The October acceleration in our California Index is consistent with the delayed reopening of the state’s economy compared to other key Comerica states this fall. California’s jobs recovery rate continued to improve through November with the state regaining 46 percent of the net jobs lost this spring. However, the gains have not been evenly distributed across all sectors.    Housing and healthcare related sectors appear to be leading the state’s jobs recovery, while manufacturing and education services are lagging. This data does not take into account the surge in COVID-19 cases in November and the subsequent reimplementation of strict social mitigation policies in December. Limited-to-zero ICU capacity in the San Joaquin Valley and Southern California may result in longer stay at home orders for the two regions into at least mid-January. We still expect the widespread distribution of a vaccine to support stronger economic activity for the state in the second half of 2021.

The California Economic Activity Index consists of eight variables, as follows: nonfarm payroll employment, continuing claims for unemployment insurance, housing starts, house price index, industrial electricity sales, total trade, technology stock index and hotel occupancy. All data are seasonally adjusted. Nominal values have been converted to constant dollar values. Index levels are expressed in terms of three-month moving averages.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $83.6 billion at September 30, 2020.

To subscribe to our publications or for questions, contact us at ComericaEcon@comerica.com. Archives are available at http://www.comerica.com/insights. Follow us on Twitter: @Comerica_Econ.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/comerica-banks-california-index-ticked-higher-301201451.html

SOURCE Comerica Bank

Trucks & Electrified Vehicles Propel American Honda to Strong 2020 Finish

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire/ —

TORRANCE, Calif., Jan. 5, 2021 /PRNewswire/ —

American Honda

Honda

Acura

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Q4

366,068

138,925

227,143

41,329

11,069

30,260

324,739

127,856

196,833

-8.9%

-13.4%

-5.9%

-7.3%

-8.3%

-7.5

-9.1%

-14%

-5.7%

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Dec.

136,467

48,833

87,634

15,648

3,788

11,860

120,819

45,045

75,774

-0.1%

-6%

+3.6%

-3%

-10.5%

-0.3%

+0.3%

-5.6%

+4.2%

«While 2020 was a year of unprecedented challenges, through the efforts of our Honda and Dealer associates and the continuing loyalty of our customers, we were able to deliver 1.3 million vehicles,» said Dave Gardner, executive vice president of National Operations at American Honda. «As the world continues to cope with the global pandemic, we remain optimistic that things will improve soon and look forward to the upcoming launches of critical all-new products like the Honda Civic and Acura MDX.»

BRAND REPORT

Sales Highlights

Notes

Honda wrapped a globally-challenging year on a positive note with a 4.2% December gain for trucks, plus a new record for electrified vehicles and a double record for Passport.

   •    Led by strong sales of the CR-V Hybrid (24,406) and Accord Hybrid (18,229), Honda posted record sales of electrified vehicles for the third straight year, totaling 62,982 in 2020.

   •   Passport set a new all-time annual sales record of nearly 40,000 units, plus record December sales of 4,344 units.

   •   CR-V remained Honda’s best-selling vehicle, as sales topped 300,000 units for the 8th straight year, on sales of 333,502 units.

   •   Civic posted strong sales of 261,225 in 2020 to lead all compact cars and remain the best-selling model to millennial and first-time buyers.

The boldly redesigned 2021 Ridgeline signals a new design direction to more effectively communicate the rugged capabilities of Honda light trucks and SUVs.

 

The Civic Type R LE just launched as the ultimate street-legal Honda, the perfect capstone to the unparalleled success of the retail best-selling 10th gen Civic.

 

BRAND REPORT

Sales Highlights

Notes

Acura completed 2020 with strong December sales performances, both at the gateway to the lineup with ILX and at the top with MDX which posted its best month since August 2018. 2021 promises to be an exciting year with the arrival of the fourth-gen MDX and the return of Type-S performance variants.

   •   ILX enjoyed another strong month in December with sales of 1,417 units, gaining 8.6% for the month.

   •   Acura SUV sales topped 100,000 units for the 7th straight year.

   •   RDX sales surpassed the 50,000 mark for the 6th consecutive year with total sales of 52,785 units in 2020.

 

The all-new 2021 TLX is the quickest, best-handling and most well-appointed sedan in Acura history, and just earned the highest safety rating from IIHS: TOP SAFETY PICK+.

 

As the new brand flagship, the 2022 MDX represents a quantum leap forward as the most premium, performance-focused and technologically sophisticated Acura SUV ever.

            

American Honda Vehicle Sales for December 2020

Month-to-Date

Year-to-Date

December 2020

December 2019

DSR** % Change

MoM % Change

December 2020

December 2019

DSR** % Change

YoY % Change

American Honda Total

136,467

136,566

-10.8%

-0.1%

1,346,788

1,608,170

-16.8%

-16.3%

Total Car Sales

48,833

51,952

-16.1%

-6.0%

549,701

706,463

-22.7%

-22.2%

Total Truck Sales

87,634

84,614

-7.5%

3.6%

797,087

901,707

-12.2%

-11.6%

Honda

Total Car Sales

45,045

47,718

-15.7%

-5.6%

513,319

663,973

-23.2%

-22.7%

Honda

Total Truck Sales

75,774

72,715

-7.0%

4.2%

696,486

786,812

-12.1%

-11.5%

Acura

Total Car Sales

3,788

4,234

-20.1%

-10.5%

36,382

42,490

-14.9%

-14.4%

Acura

Total Truck Sales

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

* Total Domestic Car Sales

44,083

46,070

-14.6%

-4.3%

492,335

603,197

-18.9%

-18.4%

Domestic

Car

Honda Division

40,367

41,908

-14.0%

-3.7%

457,008

561,726

-19.2%

-18.6%

Acura Division

3,716

4,162

-20.3%

-10.7%

35,327

41,471

-15.4%

-14.8%

* Total Domestic Truck Sales

87,633

84,122

-7.0%

4.2%

796,444

879,432

-10.0%

-9.4%

Domestic

Truck

Honda Division

75,773

72,223

-6.3%

4.9%

695,843

764,537

-9.6%

-9.0%

Acura Division

11,860

11,899

-11.0%

-0.3%

100,601

114,895

-13.0%

-12.4%

  Total Import Car Sales

4,750

5,882

-27.9%

-19.2%

57,366

103,266

-44.8%

-44.4%

Import

Car

Honda Division

4,678

5,810

-28.1%

-19.5%

56,311

102,247

-45.3%

-44.9%

Acura Division

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

  Total Import Truck Sales

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Import

Truck

Honda Division

1

492

-99.8%

-99.8%

643

22,275

-97.1%

-97.1%

Acura Division

0

0

0.0%

0.0%

0

0

0.0%

0.0%

   MODEL BREAKOUT BY DIVISION

Honda Division Total

120,819

120,433

-10.4%

0.3%

1,209,805

1,450,785

-17.2%

-16.6%

Honda

Car

ACCORD

19,509

19,682

-11.5%

-0.9%

199,458

267,567

-25.9%

-25.5%

CIVIC

21,047

22,913

-18.0%

-8.1%

261,225

325,650

-20.3%

-19.8%

CLARITY

551

805

-38.9%

-31.6%

4,215

11,654

-64.1%

-63.8%

CR-Z

0

0

0.0%

0.0%

1

2

-50.3%

-50.0%

FIT

2,705

2,609

-7.4%

3.7%

32,488

35,414

-8.9%

-8.3%

INSIGHT

1,233

1,709

-35.6%

-27.9%

15,932

23,686

-33.2%

-32.7%

Car

Truck

CR-V

38,120

36,098

-5.7%

5.6%

333,502

384,168

-13.8%

-13.2%

HR-V

8,428

9,199

-18.2%

-8.4%

84,027

99,104

-15.8%

-15.2%

ODYSSEY

8,701

8,734

-11.1%

-0.4%

83,409

99,113

-16.4%

-15.8%

PASSPORT

4,344

3,677

5.5%

18.1%

39,567

36,085

8.9%

9.6%

PILOT

13,054

11,250

3.6%

16.0%

123,813

135,008

-8.9%

-8.3%

RIDGELINE

3,127

3,757

-25.7%

-16.8%

32,168

33,334

-4.1%

-3.5%

Truck

Acura Division Total

15,648

16,133

-13.4%

-3.0%

136,983

157,385

-13.5%

-13.0%

Acura

Car

ILX

1,417

1,305

-3.1%

8.6%

13,414

14,685

-9.2%

-8.7%

NSX

14

10

25.0%

40.0%

128

238

-46.6%

-46.2%

RLX / RL

72

72

-10.7%

0.0%

1,055

1,019

2.9%

3.5%

TLX

2,285

2,847

-28.3%

-19.7%

21,785

26,548

-18.5%

-17.9%

Car

Truck

MDX

6,040

5,636

-4.3%

7.2%

47,816

52,019

-8.7%

-8.1%

RDX

5,820

6,263

-17.0%

-7.1%

52,785

62,876

-16.6%

-16.0%

Truck

Selling Days

28

25

309

307

**** Electrified Vehicles

8,498

4,700

61.4%

80.8%

64,792

61,978

3.9%

4.5%

*    Honda and Acura vehicles are made of domestic & global sourced parts

**   Daily Selling Rate

**** Electrified Vehicles equal: Total sales of Hybrid (FHEV & PHEV), EVs (BEV) and Fuel Cell Vehicles (FCV) from the Honda and Acura brands.

 

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SOURCE American Honda Motor Co., Inc.

Comerica Bank’s Texas Index Improved

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s Texas Economic Activity Index increased in October to 121.1. October’s index reading was 27 percent above the index historical low of 95.5. The index averaged 139.7 points for all of 2019, 4.4 points above the average for 2018. September’s index reading was 119.0.

<a…

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s Texas Economic Activity Index increased in October to 121.1. October’s index reading was 27 percent above the index historical low of 95.5. The index averaged 139.7 points for all of 2019, 4.4 points above the average for 2018. September’s index reading was 119.0.

Our Texas Economic Activity Index improved for the fourth consecutive month in October, reflecting improving economic conditions prior to the current surge in coronavirus cases. We expect to see our state indexes cooling again in late 2020 and early 2021 as states and cities respond to critical limits on hospital capacity by tightening and extending social mitigation policies. In October, eight out of nine index components were positive including nonfarm payrolls, unemployment insurance claims (inverted), housing starts, house prices, industrial electricity demand, drilling rig count, total state trade and hotel occupancy. Only the state sales tax revenue sub-index went negative for the month. This was the third consecutive month that eight out of nine sub-indexes were positive for Texas. It is noteworthy that the rig count sub-index ended a 16 month declining streak by turning positive for October. Improving global demand helped to firm up oil prices at the end of 2020, to near $48 per barrel through December. In response, the Texas drilling rig count also firmed up through year-end. After bottoming out at 100 active rigs in mid-August, the rig count improved to 161 rigs in early January. The percentage gain in the rig count is impressive, but these are very low levels. Further, we can say that the rate of improvement in the Texas rig count eased through December. This will keep the support to the rest of the state economy from the oil industry subdued through early 2021.

The Texas Economic Activity Index consists of nine variables, as follows: nonfarm payroll employment, continuing claims for unemployment insurance, housing starts, house price index, industrial electricity sales, Texas rotary rig count, total trade, hotel occupancy and sales tax revenue. All data are seasonally adjusted. Nominal values have been converted to constant dollar values. Total index levels are expressed in terms of three-month moving averages.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $83.6 billion at September 30, 2020.

To subscribe to our publications or for questions, contact us at ComericaEcon@comerica.com. Archives are available at http://www.comerica.com/insights. Follow us on Twitter: @Comerica_Econ.

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SOURCE Comerica Bank

Comerica Bank’s Michigan Index Inched Higher

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s Michigan Economic Activity Index increased in October to a level of 106.2. October’s reading was 22 percent higher than the historical low. The index averaged 117.9 points for all of 2019, 0.6 points below the index average for 2018. September’s index reading was 105.6.

<a…

DALLAS, Jan. 5, 2021 /PRNewswire/ — Comerica Bank’s Michigan Economic Activity Index increased in October to a level of 106.2. October’s reading was 22 percent higher than the historical low. The index averaged 117.9 points for all of 2019, 0.6 points below the index average for 2018. September’s index reading was 105.6.

Our Michigan economic activity index increased for the fourth consecutive month in October, reflecting improving economic conditions prior to the current surge in coronavirus cases. Ominously, the rate of improvement in the Michigan Index has declined for each of the last three months. We expect to see our state indexes cooling more in late 2020 and early 2021 as states and cities respond to critically limited hospital capacity by tightening and extending social mitigation policies. In October, we saw mixed results for Michigan. Four out of nine index components were positive including nonfarm employment, unemployment insurance claims (inverted), housing starts and house prices. The five negative components were industrial electricity demand, light vehicle production, total state trade, hotel occupancy, and sales tax revenue. While overall manufacturing conditions are improving globally, in the U.S. and in Michigan, the critical auto industry looks vulnerable to weaker sales this winter. Light vehicle production increased in November to an 11.0 million unit annual rate as sales slipped to a 15.9 million unit rate nationwide, down from 16.3 million in September and October. Surging coronavirus cases, combined with declining consumer confidence in December, may result in weaker auto sales and production this winter. Further drag may come from weaker U.S. personal income in December.

The Michigan Economic Activity Index consists of nine variables, as follows: nonfarm payroll employment, continuing claims for unemployment insurance, housing starts, house price index, industrial electricity sales, auto assemblies, total trade, hotel occupancy and sales tax revenue. All data are seasonally adjusted. Nominal values have been converted to constant dollar values. Index levels are expressed in terms of three-month moving averages.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $83.6 billion at September 30, 2020.

To subscribe to our publications or for questions, contact us at ComericaEcon@comerica.com. Archives are available at http://www.comerica.com/insights. Follow us on Twitter: @Comerica_Econ.

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SOURCE Comerica Bank

Webcast Alert: BorgWarner 2020 Fourth Quarter and Full Year Results Conference Call

AUBURN HILLS, Mich., Jan. 5, 2021 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) announces the following Webcast:

AUBURN HILLS, Mich., Jan. 5, 2021 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) announces the following Webcast:

What:  

BorgWarner 2020 Fourth Quarter and Full Year Results Conference Call

When:  

February 11, 2021 @ 9:30am Eastern Time

Where:  

http://www.borgwarner.com/en/Investors/default.aspx

Live over the Internet — Simply log on to the web at the address above.

How:     

If you are unable to participate during the live webcast, the call will be archived at (http://www.borgwarner.com/en/Investors/default.aspx)

BorgWarner Inc. (NYSE: BWA) is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. With manufacturing and technical facilities in 99 locations in 24 countries, the company employs approximately 48,000 worldwide. For more information, please visit www.borgwarner.com.

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SOURCE BorgWarner

Planet Fitness to Present at the 2021 ICR Conference

HAMPTON, N.H., Jan. 5, 2021 /PRNewswire/ — Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced today that the Company will participate in the 2021 ICR Conference. Management is scheduled to present on Monday, January 11, 2021 at 11:30 a.m. Eastern Time. A live webcast of the presentation will be available at <a target="_blank"…

HAMPTON, N.H., Jan. 5, 2021 /PRNewswire/ — Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced today that the Company will participate in the 2021 ICR Conference. Management is scheduled to present on Monday, January 11, 2021 at 11:30 a.m. Eastern Time. A live webcast of the presentation will be available at http://investor.planetfitness.com.

About Planet Fitness

Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. As of September 30, 2020, Planet Fitness had more than 14.1 million members and 2,086 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico and Australia. The Company’s mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 95% of Planet Fitness stores are owned and operated by independent business men and women.

Planet Fitness logo. (PRNewsFoto/Planet Fitness)

 

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SOURCE Planet Fitness, Inc.

Freight Club Launches Free Carbon Offset Program for Members

Sustainable shipping in partnership with One Tree Planted represents significant step towards climate neutral fulfillment

BURNABY, BC, Jan. 5, 2021 /PRNewswire/ – Freight Club, a leading logistics management platform, is thrilled to launch a free-access program to members that offsets 100% of the…

Sustainable shipping in partnership with One Tree Planted represents significant step towards climate neutral fulfillment

BURNABY, BC, Jan. 5, 2021 /PRNewswire/ – Freight Club, a leading logistics management platform, is thrilled to launch a free-access program to members that offsets 100% of the carbon emissions emitted from all shipment it enables. The program, in partnership with non-profit One Tree Planted, will plant trees in areas most impacted by industrial and environmental damage, such as California – a hub for the furniture manufacturing industry.

The transport industry represents 14% of global carbon emissions annually. That number will only increase as consumer habits change and eCommerce grows; global parcel volume is forecasted to reach 100 billion by 2025. With an increase in global shipping, Freight Club recognizes the critical importance of these foundational measures now, as eCommerce accelerates, and its members and end-consumers seek ways to balance that impact to the environment. «We understand deeply the impact transport has on our environment. We see it, and we want to enable our members to do something about it. Offsetting carbon emissions is the first step,» says Chris Randall, VP Revenue, Freight Club.

The new initiative leverages trees to offset carbon by calculating the amount released during shipping using the GHG Protocol calculation and balancing it with reforestation efforts. Tree planting has an even greater impact than just removing CO₂; tree planting also reaps an abundance of environmental and social benefits. «We see the impact trees make firsthand. Not only do trees clean the air we breathe, but they also prevent natural-disaster-causing erosion, providing a clean water source, and creating habitats for biodiversity,» says Diana Chaplin, Canopy Director, One Tree Planted.

Through funding the work of One Tree Planted, Freight Club is focusing their efforts on planting trees in the areas of California impacted by the 2020 and 2017 wildfires. «It’s important to us to help our neighbors in California. Working with One Tree Planted ensures new growth is planted responsibly to prevent future devastation,» Randall shares. The initiative helps to replace the millions of acres lost during the fires with endangered native tree species. «We were very impressed with the amount of work the Freight Club team did in researching and calculating how to offset of their carbon,» says Chaplin. «You can really see the thought and care that went into this program.»

Sustainable shipping through carbon offsets is a significant first step for businesses prioritizing ESG (environmental, social, and governance) initiatives. «We are excited to partner with industry leaders like Freight Club. Their commitment to offsetting every shipment is a huge leap forward for the shipping industry and one that we hope others will emulate,» says Chaplin.

The initiative is offered at no cost to Freight Club members, which offers an advantage to businesses big and small. «We didn’t want going green to simply be an ‘option’ for our members,» says Randall. «We wanted it to be the default – because doing the right thing should be easy.» By making it free and easy for members to go green, Freight Club continues its mission to level the playing field for businesses of all sizes.

More information is available at www.freightclub.com

About Freight Club

Freight Club is an eCommerce logistics platform that offers manufacturers and retailers an easy way to ship freight at highly competitive pricing. Launched in 2015, Freight Club is a 5-star B2B freight service trusted by hundreds of manufacturers, wholesalers, distributors and other businesses shipping freight in the US, Canada and US-Canada cross-border. Freight Club is an independently managed subsidiary of global tech company Cymax Group.

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SOURCE Freight Club

VNUE Provides Business Update For 2021

NEW YORK, Jan. 5, 2021 /PRNewswire/ — VNUE Inc. (OTC: VNUE) today issued a positive update about the Company’s business prospects as it looks ahead to 2021.

Despite the severe setbacks in terms of the touring business in 2020 which were completely out of our control due to Covid-19, the Company remains confident that the live music industry will bounce back in 2021.  In 2020, the major tour that VNUE was booked to record, Matchbox Twenty, was postponed from last July but is on the books for…

NEW YORK, Jan. 5, 2021 /PRNewswire/ — VNUE Inc. (OTC: VNUE) today issued a positive update about the Company’s business prospects as it looks ahead to 2021.

Despite the severe setbacks in terms of the touring business in 2020 which were completely out of our control due to Covid-19, the Company remains confident that the live music industry will bounce back in 2021.  In 2020, the major tour that VNUE was booked to record, Matchbox Twenty, was postponed from last July but is on the books for commencement in July of 2021.  Additionally, we expect many artists and labels will be seeking additional revenue sources when they begin to tour again, looking to make up for losses they experienced in 2020. The VNUE team is already conducting outreach in that regard.

As an additional boost, Congress passed the $15bn Save our Stages Act, which authorizes the Small Business Administration to make grants to eligible live music venue operators, producers, promoters, or talent representatives.  VNUE expects this to have a very positive impact on the company’s live music recording and production business.

In addition to all of the positive work that the Company has accomplished in regard to its proprietary Soundstr music recognition technology, which led to the deployment of multiple beta test sites as well as the announcement regarding commercial deployments in new RockHouse Live locations, VNUE also operates the Company with a very low overhead structure.  This has enabled the Company to enter 2021 as a viable entity as opposed to numerous other businesses in the music industry and music technology space who have become insolvent.

Soundstr identifies music played in bars, restaurants, radio stations and other businesses, and will help to lower licensing costs while at the same time helping to ensure the correct songwriters and artists receive royalties.

The Company is also encouraged about the recent significant increase in our stock price. We believe this increase reflects the value of our Soundstr technology, our set.fm live music production and distribution technology, and positions us well to improve our liquidity in 2021.  As previously disclosed, the Company has been in meaningful discussions with several entities to improve our balance sheet and to provide additional liquidity and working capital for our business.

About VNUE, Inc. (www.vnue.com)
VNUE, Inc., (OTC: VNUE)  is a music technology company dedicated to monetizing the live music experience for artists, labels, writers, and publishers, with products such as its set.fm instant content distribution platform (www.set.fm), exclusive license partner and «instant live» pioneer DiscLive (www.disclive.net), and protecting the rights of artists and writers with the company’s Soundstr music recognition technology (MRT) (www.soundstr.com).  The veteran entrepreneurs, artists and songwriters behind VNUE, led by music and tech entrepreneur and recording artist Zach Bair, are passionate about the future of their industry and ensuring that rights holders’ value is not lost amid always-changing technology. 

Safe Harbor Statement
This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods and the other risks set forth in Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q as filed from time to time. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. We have incurred and will continue to incur significant expenses in the expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. All forward-looking statements speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements or other information contained herein. Stockholders and potential investors should not place undue reliance on these forward-looking statements.

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SOURCE VNUE, Inc.