According to Transport Topics, at the Technology & Maintence Council’s fall meeting ACT Research president Kenny Vieth said retail sales of class 8 tractors in the U.S. are still on pace to set a new record in 2015.
Vieth pointed to the struggling global economy and the strong U.S. dollar as a reason for a growing difficulty in exporting products aborad for manufactures, noted Transport Topics.
In addition, Transport Topics reported that Vieth said he expects a gradual slowdown in late 2016, although he is still optimistic about next year overall.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
The Monitor 101+ is back for its third-straight year and with positive growth to report both in terms of net assets and new business volume. This year’s group of Monitor 101+ companies, which grew to 35 and included 22 Independents,... read more
Dr. Arin N. Reeves, president and managing director of Nextions, a work culture advisory firm, found herself transitioning from practicing law to focusing on diversity, equity and inclusion in the workplace more than 25 years ago, but she says the... read more