Truck maker Navistar raises 2018 forecast amid strong demand [Reuters]
Navistar Intl Corp (NAV)
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Source: Reuters
Truck maker Navistar raises 2018 forecast amid strong demand | Reuters Reuters Staff 2 Min Read (Reuters) - Navistar International Corp ( NAV.N ) on Thursday raised its full-year revenue and truck delivery forecasts amid strong market demand. The truck maker said it now expects 2018 revenue in the range of $9.25 billion to $9.75 billion, compared with its previous guidance of $9 billion to $9.5 billion. The company raised its forecast for deliveries of Class 6-8 trucks and buses in the United States and Canada to between 360,000 and 390,000 units, from 345,000 to 375,000 units. "We expect market conditions to remain robust and we are determined to take advantage of opportunities to grow share while delivering strong margin performance," Chief Executive Troy Clarke said in a statement. bit.ly/2Fk3XNI Orders for Class 8 semi-trucks in North America jumped more than 76 percent in February as trucking companies rushed to add capacity in a tight U.S. freight market, FTR, a company that
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