Navistar International says it's on track to report record revenues this year, including a 41-percent increase in medium and heavy truck shipments in the second quarter of the year.


The company reported increased market share in its traditional truck business and significant increases in expansionary shipments during its second quarter operational update.

Navistar provided guidance on financial results for the first half of fiscal year 2008, including consolidated revenues of $6.7 billion-$6.9 billion and manufacturing segment profit of $375 million-$425 million.

The company also detailed second quarter 2008 worldwide shipments of Class 6-7 medium trucks and Class 8 heavy trucks, school buses and expansion market vehicles of 27,200 - a 41 percent increase over the first quarter. Navistar U.S. and Canada dealer stock inventories reached a five-year low, while both year-to-date market share and order receipt share increased an average of 4 percentage points across all vehicle lines versus the same period of 2007. Manufacturing cash balances were reported to be $625 million as of April 30, 2008.