Trucking Recession: Heavy-Duty Truck Orders Collapse, Production Slashed, Cancellation Orders Soar [zero hedge]
PACCAR Inc. (PCAR)
Last paccar inc. earnings: 1/28 08:00 am
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Source: zero hedge
Trucking Recession: Heavy-Duty Truck Orders Collapse, Production Slashed, Cancellation Orders Soar New reports from the trucking industry show the transportation recession continues to gain momentum through the end of summer, likely to continue through 2019 into 1H20.The US trucking industry had a blockbuster year in 2018, as high demand for freight allowed transportation companies to expand fleets. But since freight demand was artificial, sparked by importers pulling forward to get ahead of tariffs, the good times were destined to end and end rather sharply.The Institute for Supply Management's purchasing managers index plunged to 49.1 in August, the first time a contraction has been seen since 2016. Prints below 50 suggest the manufacturing economy is shrinking. Data also showed new orders dropped to a seven-year low, while the production index hit 2015 lows.A transportation/manufacturing recession is developing, but it didn't start overnight. The first signs of a slowdow
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PCAR
News
- TPI Composites Manufactures All-Composite Cab for the Next-Generation Kenworth SuperTruck 2 [Yahoo! Finance]Yahoo! Finance
- PACCAR Investor ConferenceBusiness Wire
- 2024 Comparative SWOT & Strategy Focus of North America's Top 4 Class 6-8 Truck Manufacturers [Yahoo! Finance]Yahoo! Finance
- Aurora and Volvo unveil self-driving truck designed for a driverless future [TechCrunch]TechCrunch
- Dividend Watch: 3 Companies Boosting Payouts [Yahoo! Finance]Yahoo! Finance
PCAR
Earnings
- 4/30/24 - Beat
PCAR
Sec Filings
- 5/10/24 - Form 144
- 5/10/24 - Form 4
- 5/9/24 - Form 4
- PCAR's page on the SEC website