August 23, 2000
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.
July 26, 2000
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
July 13, 2000
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
July 11, 2000
Class 6-8 vehicle utilization remained at record levels in second quarter 2000, according to the latest survey by MacKay & Co
June 22, 2000
Slow truck sales and an overabundance of used tractors has forced Volvo Trucks to lay off 70 employees
June 21, 2000
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
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
June 13, 2000
A report last weekend on MSNBC's web site focused on what it called a "grim future" for truck owner-operators
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
June 7, 2000
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
May 26, 2000
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
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
May 4, 2000
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
April 13, 2000
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
April 11, 2000
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
March 15, 2000
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%.
March 14, 2000
The U.S. economy is in a "golden age" of prosperity that has lasted 17 years and while there may be a recession in the next 5-10 years, the overall outlook is for steady economic growth.
"The process of moving freight--traditional trucking--is about to become a commodity, not a differentiator that is sustainable," Freightliner president/CEO Jim Hebe said addressing the recent annual meeting of TRALA.
March 13, 2000
According to our data, freight volume should expand 5.5% this year. Because last year's big 7% gain came at the end of the year, the 5.5% annual forecast will be hit if the four quarters this
March 2, 2000
Economic Planning Associates' latest survey of trailer manufacturers puts 1999 shipments at 301,800 units, up 7.7% from 1998. But data also indicates that the unwinding of previously strong momentum has begun.
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