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COMMENTS TRUCKS' MARKETS WORLDWIDE * What to Do in Germany ?
And so to Germany, where the messages are mixed
Germany -The World Trucks Blog (UK), by Oliver Dixon -10 Oct 2008: -- On the one hand, here is MAN announcing that it will cut staffing levels - by losing temporary workers - as European demand for heavy trucks begins to diminish... On the other, here is Daimler saying that it is looking to recruit 1000 new staff next year, including 500 in Stuttgart alone. Can they both be right?...
* India - Softening Trucks' Market - Ashok Leyland Stumbles
New Delhi,India -The World Trucks Blog, by Oliver Dixon -9 Oct 2008: -- We have mentioned this trend already, and it now seems to be developing apace... What remains to be seen, however, is the extent to which the current global truck market plunge will be attributed to the travails in the financial markets. Whilst we accept that this has had an obvious impact on business confidence, and therefore an obvious effect on truck orders, what we are not so sure about is the actual extent of this impact. To our minds, the truck industry was beginning to turn long before LIBOR became a staple of water cooler discourse, and so what remains to be seen is if and how far the industry decline will outpace the financial decline...
* Germany - Deutz reduces Forecasts. Cummins to Follow?
Germany -The World Trucks Blog (UK), by Oliver Dixon -13 Oct 2008: -- News here that Deutz has cut its sales forecasts for the second time this year, citing - quite reasonably enough - a slowdown in US and European growth - but also, a similar situation in China... Don't say we didn't tell you so, and, give that Cummins is similarly exposed, we wonder if it will not be following suit.
* UK - Analyst predicts 'shake-out' in freight transport
London,UK -Road Transport/Commercial Motor, by Chris Tindall -9 October 2008: -- Rising fuel costs and lower demand will result in a "shakeout" within freight transport, according to an analysis of business trends by auditor PricewaterhouseCoopers (PWC), with distress sales and exits marking the future. But despite another prediction of grim times in the sector, the report also highlights waste logistics and final-mile deliveries as growth areas... The auditor warns that many companies are trading on thin margins and will be pushed to the wall by the economic slowdown and spiralling fuel prices. It adds: "Conversely, a growth area within the sector is waste logistics, with customised solutions required for recycling plastic, glass and paper, in both the commercial and municipal sectors"...
Labels: trucks markets worldwide
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