Welcome to the Heavy Duty Manufacturers Association’s bi-weekly email newsletter, Diesel Download!
We are offering you this week’s Monday and Thursday issues of Diesel Download and International Diesel Download free of charge to “test drive”. These two publications provide leading industry executives and their peers, timely and updated heavy duty industry information, and is now available for a yearly subscription to non-members of HDMA who wish to subscribe.
William Strauss, senior economist and economic advisor of the Federal Reserve Bank of Chicago, and Bob McKenna, MEMA president and CEO, are the featured speakers at the 2009 MEMA Financial Services Group Inc. (MFSG) Educational Seminar, set for 9:30 a.m. until 4 p.m., Wednesday, May 13, at Sheraton Gateway Suites (O’Hare Airport), Rosemont, Ill.
The Educational Seminar opens with a reception on Tuesday, May 12. It is being held in conjunction with the Aftermarket Volume Credit Discussion Group (AVG) meeting, slated for 8 a.m. until 1:30 p.m. on Thursday, May 14.
Economic recovery for trucking probably still is several months away, based on steep increases in retail and industrial inventories, according to several industry officials and analysts.
Freight volumes are unlikely to grow substantially until inventories fall far enough to stimulate fresh sales and production.
Lower fuel prices, along with the assistance of some forgiving financiers, limited the number of first-quarter trucking bankruptcies to 480, slightly more than in the last three months of 2008, but far below the 935 firms that failed in the corresponding period a year ago.
According to a report by Avondale Partners, the first quarter’s fleet failures took 15,370 trucks off the road, said analyst Donald Broughton, who authored the quarterly survey.
- Commercial vehicle registrations plunge 35.6 percent in Q1
- March drop steeper in new EU member states
- 451,137 vehicles registered in Q1
PARIS - European new commercial vehicle registrations fell 35.6 percent in the first quarter as a whole, as the economic downturn pummeled demand, industry association ACEA said on Friday. March had three more working days this year than in 2008, ACEA said, but demand for commercial vehicles, which reflects the state of the wider economy, fell 32.9 percent across Europe, including the 27 EU member states plus the European Free Trade Association countries, but not Malta and Cyprus.
WASHINGTON, D.C. – Commerce Secretary Gary Locke is the latest speaker to join a stellar presentation line-up at the Motor & Equipment Manufacturers Association (MEMA) Legislative Summit, set for Wednesday and Thursday, April 29-30. More than 100 motor vehicle parts supplier industry senior executives are expected at the event.
“We are pleased to have the Secretary on our agenda for the Legislative Summit agenda this year, along with Tom Donohue, president and CEO of the U.S. Chamber of Commerce, and Rep. Sander Levin of Michigan,” said Bob McKenna, president and CEO of MEMA. “All of these individuals will offer unique perspectives on important issues that will affect the future of our industry,” he continued. “We welcome their thoughts, insights and the opportunity to work together moving forward.”