Economy

1181  -  1200  of  1230

September 25, 2000

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

September 21, 2000

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

September 19, 2000

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.

September 18, 2000

Truck Parts Suppliers Predict Lower Earnings

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

September 6, 2000

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

August 23, 2000

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

July 26, 2000

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

July 13, 2000

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

July 11, 2000

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

June 22, 2000

Volvo Trucks Lays Off 70 Employees

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

June 21, 2000

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

June 21, 2000

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

June 13, 2000

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

June 13, 2000

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

June 7, 2000

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

May 26, 2000

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

May 26, 2000

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

May 4, 2000

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

April 13, 2000

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

April 11, 2000

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

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