A sharp drop in orders for brand-new semi-tractor trucks has actually required some manufacturers to cut jobs, another indication of the slowing U.S. economy. Specialists say the financial downturn means trucking companies are hitting the brakes when it comes to buying new cars. U.S. orders for the biggest trucks fell 22 % in 2014 and were down 48 % in January from a year earlier. The stagnation comes after 2014, when sales were near a record high. But that left the trucking companies with a lot of trucks on hand. “Everyone anticipated the growth of 2014 to continue and regrettably, it didn’t,” said Steve Tam vice president of ACT Research, which tracks the trucking industry. With numerous trucks on hand and a slowing need for freight shipping, numerous business are taking a wait-and-see strategy before buying more devices, he described. Freightliner, a system of German automaker Daimler, is the most recent truck maker to announce task cuts, announcing 1,250 layoffs at two plants in North Carolina on Monday. Those layoffs begin top of 936 tasks that were slashed at one of those plants just last month. Freightliner associated the layoffs to “a continual decrease in orders.” Other heavy-duty truck manufacturers have also cut personnel just recently, including Paccar and Volvo Trucks. Navistar cut 1,400 jobs, or about 10 % of its personnel, in the fiscal year that ended in October, according to business filings. Truck engine maker Cummins stated it October it would layoff approximately 2,000 employees due to the downturn in demand. The slowdown in U.S. manufacturing has hit demand for trucking, and brand-new truck sales, especially difficult according to ACT. Numerous trucking business have confirmed they have actually halted brand-new truck purchases and in many cases are trimming the size of their fleet. The size of truck fleets across the industry is likely to remain flat for a minimum of the next year said to David Jackson, CEO of trucking business Knight Transportation, when talking to analysts last month … See all stories on this subject Mack, NASCAR announce multi-year partnership Mack Trucks announced Tuesday a multi-year partnership with NASCAR where the Greensboro, N.C.-based truck maker becomes the sport’s”main hauler.”As part of the collaboration, Mack has actually provided NASCAR with a fleet of 11 customized spec
utilize to transport raceday equipment to the circuit’s 36 stops throughout the 10 month long season.”I think it’s truly good from a brand alignment viewpoint, but we likewise intend to utilize this as a way to grow our business, “says John Walsh, Mack Trucks vice president of marketing, calling both Mack and NASCAR”essentially American brands.”Walsh kept in mind NASCAR fan commitment, in addition to their commitment to the racing body’s brand partners, as positive aspects Mack saw in the collaboration. “And (the fan base )consists of transportation industry choice makers and truck motorists, “he states. Additionally, Mack Trucks signs up with the NASCAR Fuel for Company Council, which unites a special group of almost 60 Official NASCAR Partners 4 times each year to construct personalized deals that help address particular business requirements. NASCAR’s Mack Peak designs embarked on their first voyage to NASCAR’s season-opening race, the Daytona 500, at Daytona International Speedway in Florida. Each truck was spec ‘d with Mack’s MP8 13 liter 505 horse power engine and mDRIVE automated manual transmission, and they are expected to log more than 65,000 miles each over the course of the season hauling NASCAR’s evaluation equipment, design templates and other raceday needs.” There are very few people out there who can do for us what Mack Trucks is providing for us,” says Steve Phelps, NASCAR’s vice president of marketing.” Mack was able to satisfy a particular need for us.”The fleet is likewise armed with Mack GuardDog Link, a telematics system that proactively monitors important fault codes … See all stories on this topic
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