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Schmitz sees sharp drop in trailers

Published Thursday, April 16, 2009

As Europe's top trailer maker Schmitz Cargobull sees it, the European trailer market has collapsed, according to the London-based Transport News Brief. Schmitz said registrations are down "drastically" and trailer makers have seen orders drop 94% in the first quarter of the year, with a slow recovery expected. With sales expected to be "between 70 and 90% down" for the year, Schmitz said it will cut costs, output and jobs. The company expects an annual production of 10,000 units -- a dramatic contrast from 66,000 in its record financial year of 2007-2008. Accordingly, it has stopped work at one ...

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