Regulations, driver deficit to hit orders: Navistar
Mar 08, 2013 | 02:58 PM
| Corinna Petry
Tags
Navistar International,
John Allen,
Troy Clarke,
truck build rate,
Federal Motor Carrier Safety Administration,
driver shortage,
layoffs,
plant closure
North America Truck & Parts
CHICAGO — Class 8 truck and engine builder Navistar International Corp. plans to reduce its headcount and improve quality as it ramps up production on new models this year, Navistar executives said on a March 7 earnings call. But a persistent shortage of truck drivers and stricter regulations on U.S. carriers may cast a pall on future orders, they said.
“We just came back from the Truckload Carriers’ (Association) meeting, and the mood there was pretty darn optimistic: Freight is good, freight rates are good,” John J. Allen, president of subsidiary North America Truck & Parts, said. “But there are clouds on the horizon for these guys, and that’s making them tentative on capital outlays.” ....
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