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Market Shares * USA - Investment firm calls truck pre-buy ‘astonishing’
Class 8 downturn could be deeper than expectedNew York,NY,USA -Today's Trucking (CAN) -Feb 13, 2007: -- Heavy truck orders during 2006 were "astonishing" considering weakening truck fundamentals and falling freight tonnage in North America, according to New York transportation equipment market experts at Bear Stearns... That means, says the consulting firm, the pre-buy phenomenon of 2006 was a far bigger driver of truck sales than actual market conditions demanded. The firm therefore believes the commercial vehicle downturn for 2007 will be deeper and longer than the market expects... Retail sales of class 8 heavy-duty trucks topped out at 285,000 in 2006, a 12.3 percent increase over the 250,000 sold in 2005. Many truck OEMs and industry suppliers are predicting a 30 to 35 percent drop in 2007... Jan HD orders were lower than experts expected; Feb and March won't likely be better...
* USA - Trucking Shares Advance
USA -Forbes/Associated Press -13 Feb 2007: -- A top executive at Arkansas Best Corp. said Tuesday that the first two weeks of February have hinted at an uptick in freight demand, but added that she wouldn't take it as a sign that a trucking industry recovery is gaining traction... "We've seen some indications of improving trends, but we haven't seen it over a long enough period to know whether it's going to continue," said Judy R. McReynolds, chief financial officer of the Fort Smith, Ark.-based carrier... Perhaps more importantly, McReynolds told analysts at the Deutsche Bank Small Cap Growth Conference in Naples, Fla., "pricing is holding and rational"...
* USA - Wabash Unabashed
USA -Motley Fool, by Rich Duprey -Febr 13, 2007: -- Sliding like a truck with a broken axle, trailer maker Wabash National reported a $5 million quarterly loss amid a challenging industry environment... Trucking is the backbone of transportation in the U.S., and the trailers are the sinews supporting it. When trucking slips, it takes trailer companies like Wabash, Lufkin, Great Dane, and Stoughton with it...
Labels: market shares
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