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TRUCK MARKET * USA - Caterpillar says "worried" about
Chicago,Ill,USA -Reuters -Oct 19, 2007: -- Caterpillar Inc., which makes diesel engines that power the biggest trucks on the highway, said on Friday the North American trucking market is going through a downturn that may be the worst in more than 50 years... Speaking on a conference call to discuss its third-quarter results, Doug Oberhelman, Caterpillar group president with responsibility for engines, said the market for those engines in North America was the softest he has seen in his career... Oberhelman said softness in the general economy was hitting shippers, and would continue to hurt engine and truck makers...
Labels: trucks markets
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