Wednesday, October 21, 2020

Tag: It Starts: First Truck Maker Cuts Production

It Starts: First Truck Maker Cuts Production

by Wolf Richter, Wolf Street:

Navistar confirms next phase in Transportation Recession.

After orders by trucking companies for Class-8 trucks – the heavy trucks that haul trailers across the country – collapsed by 81% in July compared to July last year to the smallest number of orders since 2010, deepening a trend that has gotten worse all year, it would only be a matter of time before truck manufacturers announce production cuts and ultimately layoffs.