TRUCKMAKERS STOCKS * USA: Ahead of broad market averages
* New York - Navistar on the move ahead of earnings
Navistar leading the way. Navistar is due to release earnings tomorrow with analysts expecting revenue of $2.239B and EPS of -$0.17 to be reported... Late last week, FTR issued a report indicating that North American Class 8 truck orders improved 0.4% M/M to 14,100 units... The level of orders were still down 30% on a year-over-year comparison... "Fleets do not need to order many trucks in the current environment because in most cases they have enough trucks to handle the freight. Freight demand is still sluggish due to the build-up of business inventories," said a FTR commercial vehicles VP... Cummins and PACCAR are both higher on the day...
NY, USA - Seeking Alpha, by Clark Schultz - Jun 6 2016
Labels: truckmakers news USA