Navistar Ships 17,000 Vehicles in Quarter

Navistar Ships 17,000 Vehicles in Quarter

Truck maker Navistar shipped about 17,000 vehicles to U.S. and Canadian customers in the quarter that ended Oct. 31, underscoring increasing demand for heavy and medium-duty trucks, company officials said Wednesday.

"To date, we have built and shipped more than 15,000 EPA-compliant 2010 vehicles," said Daniel C. Ustian, chairman, president and CEO of Navistar.

The company has received orders for more than 28,000 vehicles meeting the latest Environmental Protection Agency diesel emissions standards, he said.

http://www.joc.com/trucking/truck-orders-surged-ahead-october
Net orders at all heavy truck manufacturers surged in October, climbing 22 percent in the third straight month-to-month increase, according to FTR Associates.

Total orders hit 18,386 units, according to preliminary data. The figure includes orders from the U.S., Canada and Mexico, as well as North American exports.

Although Class 8 truck orders are rising, they're still below replacement level, said Ken Vieth, president and partner at ACT Research.

"We see below replacement retail (truck) sales continuing through the first half of 2011," Vieth said. "Even then, we'll be adding capacity at lower levels."

-- Contact William B. Cassidy at wcassidy@joc.com.