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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
Read More →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.
Read More →Dana, ArvinMeritor and Eaton all announced that third quarter earnings would be below Wall Street analysts' expectations
Read More →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
Read More →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
Read More →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
Read More →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
Read More →Class 6-8 vehicle utilization remained at record levels in second quarter 2000, according to the latest survey by MacKay & Co
Read More →Slow truck sales and an overabundance of used tractors has forced Volvo Trucks to lay off 70 employees
Read More →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
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