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COMMENTS * USA - Housing unknown factor for US truckers
Con-way Chief Executive Officer Doug Stotlar told
Chicago,Ill.USA -Reuters, by Nick Carey -Apr 17, 2007: -- The ongoing weakness of the U.S. housing sector is the chief unknown factor for predicting recovery in the trucking sector, the top executive at truck company Con-way Inc., said on Tuesday... "The biggest question right now is when is housing going to recover?" Chief Executive Officer Doug Stotlar told Reuters in a telephone interview... The U.S. trucking sector has been suffering a downturn since the third quarter of 2006, with most weakness coming from housing and some from the woes of the U.S. domestic car makers in Detroit...
* USA - Housing market, truck demand in Caterpillar sights
New York,NY,USA -MarketWatch (Los Angeles,CAL), by Padraic Cassidy -Apr 18, 2007: -- A marked downturn in the North American heavy-duty truck market and slowing demand for construction equipment are some of the largest parts of Caterpillar Inc.'s business, and both trends will be eyed closely when the company posts quarterly results on Friday morning... Sales at the Peoria, Ill.-based equipment manufacturer are expected to rise about 5% in the first quarter, to about $9.16 billion from $8.74 billion in the first quarter of 2006, according to a survey of analysts by Thomson Financial... Bear Stearns recently cut its earnings forecast for Caterpillar to 99 cents a share from $1.03, based on lower sales in the North American construction market, cuts in equipment-dealer inventory and lower truck engine sales...
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