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Trucking News

Tough times still ahead for truck markets

Published Tuesday, February 17, 2009

ORLANDO. Truck manufacturers and parts suppliers are in for a rough year as truck fleets struggle with weak freight markets and tight credit, according to economists, top industry executives and other observers at a one-day, high-level industry meeting yesterday. “There’s a lot more pain before any gain.” Eli Lustgarten, senior research analyst at Longbow Securities, told the audience here at the 2009 Heavy Duty Dialog. “Companies buy trucks to move freight, and freight movement has continued to fall as the recession takes its toll.” Lustgarten forecasted a NAFTA truck production rate of 160,000 Class 8 ...

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