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TRUCKS' SALES * USA - Houston-area truck maker loses appeal to keep Army contract
Washington,DC,USA -The Dallas Morning News -February 14, 2010: -- The U.S. Army has rejected a Texas company's appeal to keep its combat truck production contract and instead will go ahead with a Wisconsin firm to do the work... British-owned BAE Systems, which operates the Sealy, Texas, truck plant, had protested the Army's bidding process after the armed service initially awarded the $3 billion contract to Oshkosh Corp. of Oshkosh, Wis., in August to build 23,300 trucks and trailers over the next five years... BAE Systems, which had bid $3.4 billion for the work, immediately appealed the Army's decision. Illinois-based Navistar Defense also competed for the contract. The Oshkosh bid was reported to be about 30 percent less than the current BAE truck contract with the Army... Coupled with President Barack Obama's proposal last week to cancel NASA's $108 billion back-to-the-moon Constellation program, the Houston area could lose more than 10,000 aerospace and manufacturing jobs over the next two years... (Photo from wikipedia - International latrun exhibition)
* Used Truck Volumes Up; Prices Still Lowest Ever
Converse,San Antonio,TX,USA -
Truckinginfo, by Diana Britton -11 Feb 2010: -- While the used truck market is seeing some strong improvement in demand and volumes, prices are at their lowest levels ever, according to Carl Heikel, president and CEO Arrow Truck Sales, and president of Volvo Used Truck Operations... Many fleets that have never bought used before are looking at it as an option to replace older trucks... Heikel attributes the pressure on pricing to the ballooning supplies of used trucks in the marketplace. Three or four years ago, sales were going through the roof, with a large number of customers leasing used trucks on three- to four-year contracts. Now, a lot of these contracts are up, and coupled with the number of fleets going out of business and equipment being repossessed by the banks, there is an overabundance of used trucks out there, Heikel explains... When looking ahead into the next year, Heikel expects the used truck segment to see a lot of activity, especially ahead of sales of new trucks... As the economy continues to improve, demand for used trucks should continue to grow and prices will firm up and get back to more normal levels, he says... (Photo courtesy of Arrow Truck Sales:: 2005 Freightliner CENTURY)Labels: trucks' sales
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