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May 9, 2016

TRUCKING EQUIPMENT MAKERS * USA : Report decreased earnings in 2016’s 1Q

* Alabama - Earnings reports from several trucking equipment manufacturers


* Cummins: First quarter revenues for Cummins of $4.3 billion were a 9 percent drop-off from 2015’s first quarter. The decrease is attributed to lower production in the North American heavy-duty truck market, and currency negatively impacted revenues by approximately 3 percent due to a stronger U.S. dollar. 

 * Allison Transmission: Allison announced first quarter net sales of $462 million, an 8 percent decrease from the same quarter last year. The company attributes the lower sales figures to lower demand for off-highway and service parts and support equipment. North American sales were down 4 percent year over year. 

 * Meritor: Reporting its second fiscal quarter earnings, Meritor said its sales were $821 million, down approximately 5 percent from the same period in 2015. The company attributed the decrease to lower truck production volumes in North and South America. 

 * Wabco: Posted first quarter sales of $688.7 million, a 5.6 percent increase from a year ago. 

 Tuscaloosa, ALA, USA - CCJ, by Matt Cole - May 5, 2016

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