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TRUCKS' MARKETS WORLDWIDE
* USA - Briefly news
* Road Funds Add 150,000 Jobs, Increase Safety, Obama says
Washington,DC,USA -Transport Topics (full article for subscribers only) -9 March 2009: -- President Obama last week said the $27.5 billion in his economic stimulus package for highways would create or preserve 150,000 jobs and save some 14,000 lives in coming years...
* USA - More Fleet Failures Expected as Carriers’ Rates, Volumes Fall
Arlington,VA,USA -Transport Topics, by Rip Watson -March 9, 2009: -- Falling freight rates and volumes likely will produce a new wave of bankruptcies in the first quarter that could set the stage for rapid industry consolidation, several industry experts have said... Truck tonnage fell 10.8% in January, according to American Trucking Associations, and several sources estimated that rates have fallen 5% to 15% from this time last year... The tonnage and rate drops offset gains fleets reaped last quarter from the steep drop in fuel prices, which kept many marginally successful fleets in business. The number of trucking bankruptcies fell to 375 in the fourth quarter of 2008 after 2,690 fleets failed in the first three quarters when diesel soared, according to Avondale Partners...
* USA - Class 8 Truck Fleet Grew in 4Q Following 1st Decline, Polk Says
Arlington,VA,USA -Transport Topics (subscription) -2 March 2009: -- The number of Class 8 trucks operating in the United States increased by 60,000 at the end of the fourth quarter from a year earlier, reversing the first-ever decline of 17,000 that research firm R.L. Polk & Co. reported at the end of the third quarter...
* USA - Trucks Gain Market Share From Intermodal
Arlington,VA,USA -Transport Topics (subscription) -2 March 2009: -- Motor carriers, locked in a fight for freight in an imploding market, are taking some business away from rail intermodal with help from lower fuel prices, an industry analyst said...
* Angola - Fiat eyes top spot in Angolan truck market
Luanda,Angola -Reuters, by Henrique Almeida, & Will Waterman -Mar 5, 2009: -- Italy's Fiat Group plans to be the top importer of trucks to Angola in coming years as the nation continues to rebuild infrastructure after almost three decades of civil war ended in 2002... Filipe Mendes de Almeida, who represents the group's Iveco truck business in the southwestern African nation, said on Thursday he would import 2,000 trucks to Angola in the next five years... Volvo, the world's number two truckmaker, is currently the leader in the market... Angola, one of the world's fastest growing economies, has been rebuilding roads, bridges and ailing communications destroyed by the war. It is also investing billions of dollars to restore its once-prosperous agricultural sector...
* China - February Auto Sales Rise 25% After Tax Cuts
Beijing,China -Bloomberg, by Tian Ying -March 10, 2009: -- China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year... Sales of passenger cars, buses and trucks climbed to 827,600, the China Association of Automobile Manufacturers said today in Beijing. The tally in the first two months rose 2.7 percent to 1.56 million, compared with a 39 percent decline to 1.35 million in the U.S....
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