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Mack Trucks deliveries fall 25 percent in July
Mack Trucks Inc. deliveries dropped 25 percent in July compared to last year, a trend the company blamed on continued weak demand for heavy trucks in North America. Year-to-date sales are down 38 percent.
The company said today low trucks sales in core-market segments of construction and local hauling have affected results. Mack attributed the declines there to the slump in housing construction and weak retail sales.
Among Mack's market areas, it's busiest region North America reported a 42 percent decline while South America, a smaller segment, saw a 61 percent decline in July.
The company reported expansion in the Middle East, a market that was not served in July 2008.
Mack is in the process of company-wide reorganization. The truck maker is moving all domestic manufacturing to its Macungie plant while relocating headquarters from Allentown to Greensboro, N.C.
The company has said both moves were planned for September. Mack is owned by Sweden-based AB Volvo.
The company said today low trucks sales in core-market segments of construction and local hauling have affected results. Mack attributed the declines there to the slump in housing construction and weak retail sales.
Among Mack's market areas, it's busiest region North America reported a 42 percent decline while South America, a smaller segment, saw a 61 percent decline in July.
The company reported expansion in the Middle East, a market that was not served in July 2008.
Mack is in the process of company-wide reorganization. The truck maker is moving all domestic manufacturing to its Macungie plant while relocating headquarters from Allentown to Greensboro, N.C.
The company has said both moves were planned for September. Mack is owned by Sweden-based AB Volvo.
11:37 PM
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