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TRUCKS MARKET * USA
* Tennessee - Survey Finds Few Truckers Ready to Add Capacity
Nashville,TN,USA -The Journal of Commerce Online, William B. Cassidy -Mar 29, 2012: -- Most truckload carriers don’t plan to expand, TCP says, but more think about it... A quarter of the carriers surveyed by Transport Capital Partners said they expected to increase capacity 6 to 10 percent over the next 12 months, compared with 7 percent a year ago... Overall, truckload capacity continued its long contraction in 2011... Larger carriers are more likely to expand. TCP found 33 percent of carriers with more than $25 million in revenue plan to expand capacity 6 to 15 percent... Those most likely to expand are highly profitable carriers such as Knight Transportation. Knight boosted its truck count 2.9 percent in 2011... Demand for Class 8 trucks is high, with manufacturers struggling to fulfill orders. In January, the truck order backlog rose to 125,000 units, according to ACT Research... Most of new vehicles ordered this year will replace older trucks, many purchased before tighter federal diesel engine emissions regulations took effect in 2007... Research firm FTR Associates sees tightening truck capacity and rising rates ahead this year for North American shippers as freight demand outstrips GDP...
* USA - Truck Market Hasn't Hit The Skids --Eaton CEO
New York,NY,USA -Dow Jones Newswires -April 24, 2012: -- The U.S. commercial truck market should generate solid growth this year after truck makers align their production with moderating demand, Eaton Corp. (ETN) Chairman and Chief Executive Alexander Cutler said Monday... Cutler, whose company is a major supplier of transmissions to the truck market, dismissed recent assessments by analysts that the North American truck market has stalled after three straight months of lower year-over-year orders. Rising fuel costs, scattered reports of orders being cancelled and factory production cuts have added to the bearish outlook for the truck industry...
* Illinois - Navistar, Clean Energy deal: Devil is in details. Success of oil-to-natural gas programs for truckers depends on "unknowables" (?)
Lisle,ILL,ISA -DC Velocity, by Mark B. Solomon -April 14, 2012: ... In early February, Lisle, Ill.-based Navistar and Seal Beach, Calif.-based Clean Energy, cofounded by energy baron T. Boone Pickens, unveiled a joint program to provide incentives to truck owners, renters, and lessors to purchase new and more expensive vehicles powered by liquefied natural gas (LNG) or compressed natural gas (CNG), both of which are considered cheaper and more environmentally friendly than traditional diesel fuel... At this point, no companies have signed up for the joint program. Jerry Moyes, CEO of Phoenix-based Swift Transportation Co., the nation's largest truckload carrier by sales, attended the Feb. 1 program launch event at Navistar's Lisle headquarters. According to published reports, Moyes said Swift is testing 16 natural gas-powered trucks, and said the success of the program depends on the density of the refueling infrastructure...
* NY - Small Stocks Lead a Fall in a "Risk Off" Mood
New York,NY,USA -Barron's / The Trader, by VITO J. RACANELLI -April 14, 2012: ... Over the winter, the drop in natural-gas prices to decade lows fueled the idea that truck owners will eventually switch to natural gas from diesel. That has boosted the stock. Westport has a 50/50 joint venture with diesel-engine maker Cummins (CMI), called Cummins Westport, to adapt Cummins engines in sizes from 5.9 to 12 liters to run on natural gas. This profitable division is the bulk of parent Westport Innovation's business, and in 2011, some 5,500 engines were retrofitted... The drop from 50 came after Cummins and Navistar (NAV), another maker of diesel truck engines, said they will begin making natural-gas-fired engines. On March 21, Cummins announced it will begin producing a 15-liter engine, for big 18-wheelers, by 2014. That will compete with Westport Innovations' own 15-liter engine, which isn't included in the CWI joint venture... While this can be viewed as a validation of natural gas as truck fuel in the future, little Westport will now be competing with two of the best and biggest engine makers in the business...
Labels: trucks markets
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