ATD Insider | A service of the American Truck Dealers and the Public Affairs Group of the National Automobile Dealers Association
June 12, 2013
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Top Stories In This Issue
Last Chance: ATD Dealer Attitude Survey of Manufacturers Ends Friday

The last day to complete the 2013 Dealer Attitude Survey of Manufacturers is this Friday, June 14. "Dealer input for the survey is crucial to help truck manufacturers identify challenges and successes," said ATD Chairman Dick Witcher. "Dealer feedback from the survey can help the manufacturers make better and more informed decisions on issues concerning dealers." The greater response rate the more weight the survey results will carry. The survey can be submitted online only. The survey process has been improved for easier input. To access the survey, visit http://www.daisurvey.com/ATD. If you have any questions or need your authorization code, contact Kim Carey or Barbara Robinson with ATD at (800) 352-6232 or atd@nada.org.
Source: ATD-NADA University


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Truck Orders Stay Strong

May demand rises almost 30%, analysts say

Orders for new, heavy-duty North American trucks rose nearly 30% in May above the same month last year, according to two industry reports. Fleets ordered 23,300 Class 8 trucks during the month, compared with 17,988 in the year-ago period, a gain of 29.5%, ACT Research Co. said June 4. In April, the preliminary tally was the same, but it has since been revised down slightly to 23,222. Also last week, FTR Associates reported that the rise in orders was 29%, to 22,541. Both firms agreed May was the eighth straight month for net new orders topping 20,000 units, following a six-month streak in the middle of last year when orders sagged to as low as 13,000. “It was a very nice gain,” ACT President Kenny Vieth said of the May results. “Orders keep coming in, but we're not seeing too much of an accumulation” because the trucks are being built and delivered rapidly.
Source: Transport Topics

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Senate Introduces the LNG Excise Tax Equalization Act

Recently, the U.S. Congress introduced bipartisan legislation to equitably tax liquefied natural gas as a transportation fuel. Senators Michael Bennet (D-CO) and Richard Burr (R-NC) introduced the legislation, titled the “LNG Excise Tax Equalization Act of 2013” (S.1103). The bill makes a simple but important modification in the way LNG is taxed as a transportation fuel. Currently, the federal highway excise tax on both diesel and LNG is set at 24.3 cents per gallon (Internal Revenue Code 4041). However, it takes about 1.7 gallons of LNG to equal the energy content of one gallon of diesel. The result is the taxation of LNG at a rate 70% higher than diesel on an energy equivalent basis. This legislation changes the way LNG is taxed—from a volume (gallon) to an energy content (diesel gallon equivalent) basis.
Source: Heavy Duty Trucking

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FTR Gives Insight Into State of General Economy, Trucking Industry

To sum up the general economic outlook for the upcoming months in one sentence: More of the same for 2013 and then better in 2014. That is how FTR Associates Senior Consultant Bill Witte predicted the overall economy will be in the near future at the recent State of Freight Summit held by FTR. In his presentation entitled, "U.S. Economy: Do the strengths outweigh the risks?" Witte forecasted an output growth of 2.2% for 2013 and 3.1% for 2014. He also predicted that the end of the year unemployment figures would drop to 7.2% in 2013 and would end 2014 at 6.3%. Witte states that there are factors that could affect economic conditions and his far-out predictions for 2014.
Source: Heavy Duty Trucking

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Navistar Reports $374 Million Loss in Second Quarter

Navistar International Corp. has announced a net loss of $374 million for the second quarter of 2013. That number equates to a $4.65 loss per diluted share. In the same quarter in 2012, Navistar reported a net loss of $172 million, $2.50 a diluted share. Navistar says the decline from 2012′s second quarter is due mostly to “lower volumes,” meaning they sold fewer trucks and engines, and higher pre-existing warranty adjustments — $164 million worth in the second quarter.
Source: Commercial Carrier Journal

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Top Stories
Last Chance: ATD Dealer Attitude Survey of Manufacturers Ends Friday
Truck Orders Stay Strong
Senate Introduces the LNG Excise Tax Equalization Act
FTR Gives Insight Into State of General Economy, Trucking Industry
Navistar Reports $374 Million Loss in Second Quarter
New ATD Officer Announced

David Morganson, owner of Valley Peterbilt in Stockton, Calif., was elected as the new Peterbilt line representative. The election was held to fill the position open due to Eric Jorgensen taking the position of ATD vice-chairman. His term begins immediately. To view a full list of ATD board members, click here.

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For more information on ATD, visit www.atd.org. Any opinions or statements contained herein do not necessarily reflect the views of ATD. Factual errors are the responsibility of the listed publication. This email may contain an advertisement of NADA products and services. Questions or comments concerning ATD Insider content may be directed to media@nada.org. To unsubscribe from future editions of ATD Insider, click here or contact ATD, 8400 Westpark Drive, McLean, VA 22102.