* North Carolina - Daimler Trucks set to layoff up to 1,000 workers at Freightliner truck plant
-- Freightliner parent company Daimler Trucks North America issued in late December layoff warnings to nearly 1,000 employees at its Cleveland, North Carolina, truck manufacturing plant... DTNA, also the parent company of Western Star and Detroit, said in its layoff notice it expects the cuts to be temporary, citing “a sustained reduction in orders and diminished build rate” at the plant as its reason for the layoffs...
(Photo: A Freightliner truck model 122sd) -- Cleveland, N.C., USA - CCJ, by James Jaillet - January 5, 2016
* New York - Sales downshift at heavy truck makers
-- Trucking companies are buying fewer vehicles amid lackluster demand for hauling freight, triggering job cuts among equipment manufacturers and leaving a near-record number of big rigs gathering dust on dealers’ lots... Many of those unsold trucks were ordered months ago when the economy appeared to be heating up and carriers were expecting higher bookings from retailers and manufacturers. Instead, slower growth this fall spooked fleet owners into scotching expansion plans... Heavy-duty truck orders plunged nearly 37% in December from the same month last year, according to data compiled by industry research firm FTR. Some carriers say they are waiting to see how much consumers spend over the holidays before committing to new vehicles, which can cost more than $150,000 each... The sharp slowdown in truck orders is one of the clouds hanging over the economy heading into 2016. Trucking companies are holding back to see whether consumer demand pushes new expansion. That hesitancy has manufacturers of trucks and parts cutting payrolls and scaling back production, even as sales of passenger vehicles soar and the wider economy is adding jobs...
(Photo by ROB HART/THE WALL STREET JOURNAL: JX Enterprises, which runs 19 truck dealerships in the Midwest, has 150 unsold new trucks on its lots, up from under 40 a year ago) -- NY, USA - The WSJ, by BRIAN BASKIN - Jan. 6, 2016Labels: truckmakers news USA
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