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What does Navistar loss portend for other truck manufacturers?

4 June 2020

Navistar International Corp.’s second-quarter fiscal loss from COVID-19-disrupted production in April points to worse numbers for truck manufacturers that will report pandemic-addled results for the April-June quarter.

For Navistar (NYSE: NAV), things likely will get worse in its third quarter, which covers May-July. Its second-quarter report on Thursday, June 4, pointed to the difficulties that manufacturers and suppliers will unpack when they report their second quarter results in July.

None of...

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Class 8 orders went negative in April

24 May 202020 May 2020

April already was the worst month for Class 8 truck orders in a quarter-century. A late pullback of 10,000 bookings by one manufacturer dropped the month into negative territory with little improvement expected in May and no significant recovery until 2022.

That was the conclusion of industry experts Tuesday at the 13th annual Wolfe Research Global Transportation & Industrials Conference conducted online because of the coronavirus pandemic.

Tepid projections

ACT Research lowered its estimates for...

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April Class 8 truck orders hit 25-year low

24 May 20206 May 2020

Preliminary orders for Class 8 trucks plummeted to a 25-year low in April, the first full month of the coronavirus pandemic that impacted wide swaths of the economy, including new truck production.

ACT Research reported 4,100 orders of new tractors for the month, 72% below the same month a year ago and down 46% from March. ACT said it was the lowest month since September 1995 when, after accounting for cancellations, net orders were negative.

FTR Transportation Intelligence reported a preliminary...

https://s29755.pcdn.co/news/april-class-8-truck-orders-hit-25-year-low