Fleet Management

Economy

1151  -  1175  of  1204

September 29, 2000 - Industry News

Truck Sales: Down This Year & Next, Will Rebound 2002

The demand for new trucks and buses will continue to ease through this year and next, then start a steady pace of expansion in 2002, predicts Economic Planning Associates

Tags: Economy

September 28, 2000 - Industry News

High Fuel Costs Drop Third Quarter Profits

Several major carriers have issued third quarter profit warnings, giving notice before their summer quarter financial statements are released that earnings per share are below security analysts' expectations

Tags: Economy

September 27, 2000 - Industry News

Fuel Availability, New Service Demands Increasing Pressures On Trucking

A harsh winter and fuel-availability problems would spell shortages for the trucking industry, and the government's release of oil from the nation's strategic reserves likely won't help: Oil-capacity utilization is nearing the maximum, meaning there will be problems getting the fuel to the end user. That was among predictions from Martin Labbe of Martin Labbe Associates, a transportation information consulting firm

Tags: Economy

September 25, 2000 - Industry News

Collaboration Critical To Future Success In Truck Sales

The last eight years have been "the Bull Run of Trucking," according to Volvo Trucks North America's president and CEO Marc Gustafson. But now, business has become a struggle, due in large part to increased operating expenses. For those involved in truck sales and leasing, the key challenges are shrinking demand for new trucks, excess new truck inventory, a flood of used trucks and falling used truck prices

Tags: Economy

September 25, 2000 - Industry News

Industry Challenges Continuing, Kenworth GM Says

Along with the glut of used trucks, the heavy truck industry has an excess of more than 50,000 new Class 8s, double the annual average excess of about 25,000. However, as factories reduce their build rates and increase their shutdown times, that excess is decreasing

Tags: Economy

September 21, 2000 - Industry News

DaimlerChrysler Predicts U.S. Truck Market Will Remain Slow Until 2002

A DaimlerChrysler AG board member responsible for commercial vehicles said he expects the current slowdown in the U.S. heavy truck market to continue up to 2002

Tags: Economy

September 19, 2000 - Industry News

Top Economists See Truck Production Falloff

Truck production, which has already begun to slide steeply from the record highs posted in 1999, will get steadily worse throughout this year and next before flattening out. But that's not all bad, agreed the six economists and transportation experts who spoke at the Economic Outlook Conference sponsored by the National Truck Equipment Association in Dearborn, Mich., this week.

Tags: Economy

September 18, 2000 - Industry News

Truck Parts Suppliers Predict Lower Earnings

Dana, ArvinMeritor and Eaton all announced that third quarter earnings would be below Wall Street analysts' expectations

Tags: Economy

September 6, 2000 - Industry News

Trailer Sales Down 6.6%

The anticipated slowdown in trailer demand is apparently under way. According to Economic Planning Associates' latest survey of trailer manufacturers, second quarter 2000 trailer shipments are 6.6% below second quarter 1999. This comes after a 7.2% gain in the first quarter

Tags: Economy

August 23, 2000 - Industry News

Truck Sales Drop: We've Seen The Worst of It

Freightliner’s 3,745 layoffs last week bring the total over the past few months to over 6,000 in North American heavy truck factories, including earlier layoffs by Volvo, Paccar and Navistar. More layoffs are likely this fall. Manufacturers

Tags: Economy

July 26, 2000 - Industry News

Quarterly Reports Show Truckload, LTL Carriers Face Different Challenges

Truckload carriers continue to expand sales faster than less-than-truckload carriers, even though they are getting less than half of the freight rate increases realized by LTL carriers. But TL profits are lagging because their business model

Tags: Economy

July 13, 2000 - Industry News

Debt, High-Priced Fuel Cause Trucking Shakedown

Easy-to-get credit and high fuel prices are taking their toll on trucking, and according to industry experts, are filling truck dealers’ lots with slow-selling tractor-trailers and repossessed big rigs

Tags: Economy

July 11, 2000 - Industry News

Fleet Utilization Still at Record Levels

Class 6-8 vehicle utilization remained at record levels in second quarter 2000, according to the latest survey by MacKay & Co

Tags: Economy

June 22, 2000 - Industry News

Volvo Trucks Lays Off 70 Employees

Slow truck sales and an overabundance of used tractors has forced Volvo Trucks to lay off 70 employees

Tags: Economy

June 21, 2000 - Industry News

TradeOut Sells GE Capital Assets

TradeOut, a B2B Internet marketplace based in Valhalla, N.Y., has completed the sale of $1.1 million of GE Capital assets from the Genstar division

Tags: Economy

June 21, 2000 - Industry News

AB Volvo CEO Johansson "Bullish" About Volvo/RVI/Mack Merger

AB Volvo’s dynamic young CEO Leif Johansson visited Mack Truck’s corporate headquarters in Allentown yesterday to see what he bought in Volvo’s acquisition of Renault VI’s truck business which included Mack Trucks

Tags: Economy

June 13, 2000 - Industry News

MSNBC Laments Owner-Operators' Plight

A report last weekend on MSNBC's web site focused on what it called a "grim future" for truck owner-operators

Tags: Economy

June 13, 2000 - Industry News

Used Truck Glut To Continue

The oversupply of used Class 8 trucks will most likely continue for the next several years because the majority of the trucks coming into the first resale market continue to be newer, high-valued, long and tall sleeper tractors

Tags: Economy

June 7, 2000 - Industry News

Trailer Sales May Have Peaked in First Quarter

Buoyed by a sustained strength of the U.S. economy, trailer sales showed significant increases in the first quarter of 2000, but it could be downhill from here, says Economic Planning Associates

Tags: Economy

May 26, 2000 - Industry News

The Slowing Economy: How It Will Impact Trucking

Motor carrier employment (seasonally adjusted) fell 5,000 jobs to 1.834 million in May, after 42 consecutive months of employment increases totaling 198,000 jobs. Is this the first sign of slower growth in the economy and in

Tags: Economy

May 26, 2000 - Industry News

Trade Deal With China: What it Means For Trucking

The last barrier to opening the huge Chinese market - 11.5% of the world economy - to US manufacturers was cleared last week with the House of Representatives approval of permanent "most favored nation" import tariff

Tags: Economy

May 4, 2000 - Industry News

Carriers Took it on the Chin in the First Quarter

First quarter profits were down 34.3% from the previous quarter for the 31 carriers that have now reported financial results for the January - March period. After three quarters of strong gains, profits have dipped

Tags: Economy

April 13, 2000 - Industry News

Vehicle Utilization Up in First Quarter

Class 6-8 vehicles operated at an average 83.5% capacity in first quarter 2000, up 2.1 percentage points from first quarter 1999, according to the latest survey by MacKay & Co. Researchers said this was the highest utilization rate since 1988. The survey of 1,357 truck and bus fleets also indicated strong demand for truck transportation highlighted by an unusually small decline in utilization from fourth to first quarter

Tags: Economy

April 11, 2000 - Industry News

Commerce Dept. Adjusts Trailer Sales Data

The U.S. Department of Commerce has revised trailer sales data for 1998 from 344,312 units to 277,419 units. This is more in line with manufacturer surveys done by Economic Planning Associates which put 1998 total sales at 280,350

Tags: Economy

March 15, 2000 - Industry News

Insurance Rates Jump: Truckers Pay the Price For Bargain Years

The long period of relatively cheap insurance seems to be over. We’re hearing a few reports of price hikes as high 25-30% -- mainly for liability and workers’ compensation -- but the general consensus leans more toward 10-15%.

Tags: Economy

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