Profitability will lag in high growth markets like Brazil and India, but aftersales services in NAFTA and the EU will drive profitability growth.
European Commission lays out ground rules and a regulation relaxations post-Brexit; Uber loses latest legal bid over driver rights; European Union announces a 37.5% reduction in CO2 emissions by 2030.
Revenue forecasts were reached only because of a one-time tax event. But by almost any other standard, it was a strong quarter.
Despite an exceptionally strong year for trailer orders, Wabash National’s stock took a hit when the company guided downward for its Q3 results, blaming higher input costs and labor issues.
Total trailer net orders came in at over 38,000 units in August, representative of a 31 percent increase month-over-month and a staggering 142 percent increase year-over-year.
Utility solar projects see growth as prices of imported Chinese solar panels fall despite Trump tariffs; no-deal Brexit could see higher mortgage rates even if housing prices tumble; Chinese car market is weakening and it is troubling major-OEMs.
With OEM deliveries of new trucks restrained, it means that used truck sale prices are holding up.
