Stemco Names New Senior Level Staff Members

Commercial vehicle component manufacturer Stemco has announced the promotions of Jim Reis and Doug Hix to senior-level staff positions.

Reis has been named the vice president of strategy. He will lead Stemco's overall strategic efforts, specifically in the areas of inorganic growth. He will partner with business and functional leads to develop new market opportunities for growth and future development.

Hix has been promoted to vice president and general manager of Stemco's Brake Products group. He will work on the group's established strategy to effectively strengthen and further grow the business. Hix will report directly to Reis and work closely with him to transition into the new role.

Both men assume their new roles effective immediately.

Reis has more than 30 years of heavy-duty industry experience, most of it with Stemco, having lead the Brake Products group as vice president and general manager for the past five years.

Hix has 10 years of experience in the heavy-duty industry and has held positions in both operations and finance. At Stemco, Hix served as finance director for the past two years and served as vice president of finance.

“On behalf of Stemco, I am extremely pleased to see Jim and Doug excel in their respective positions and congratulate them on this well-deserved promotion,” said Todd Anderson, president of Stemco. “I am confident based on their tremendous amount of knowledge and credibility that these new leadership appointments will allow us to further pursue our strategy to strengthen, grow, and expand our diverse line of products within the commercial vehicle industry.”

Related: Stemco Stengthens Capabilities of Wheel End Division

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Cross-Border Truck Freight Value Falls Again

U.S.-NAFTA freight value percent change from previous year over the last 24 months. Graphic: U.S. DOT

Trucking and two other freight transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in October 2016 compared to the same time a year earlier, according to a new Transportation Department report.

This happened as total cross-border freight moved by all modes fell by 3.6% to $93.2 billion, marking the 21st monthly drop out of the past 22 months beginning in January 2015. The only increase since was a hike of 0.7% this past August.

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