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