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Trucking News

Freightliner chief sees continued truck slump

Published Tuesday, October 23, 2007

Chris Patterson, president and CEO of Freightliner LLC, believes new truck sales will remain depressed as higher sticker prices to cover mandated emission reduction technology combined with a stagnant U.S. economy as keeping buyers away. “It’s been a disappointing and stressful year across the North American region,” said Patterson, speaking at the unveiling of sister company Detroit Diesel Corp.’s new DD15 engine in Redford, MI, last week. “The high cost of 2007 emission compliance convinced many to purchase large numbers of trucks in 2006 so they could defer purchases in 2007,” he noted. “A weakened U.S. economy has ...

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