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kscarbel2

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  1. Mack Trucks Australia / July 23, 2019 JR Stephens have been around since 1954. Mack Service Agreements helps them control their cashflow and know in advance how much you are going to pay each month. Choose a Mack Service Agreement that best suits you. .
  2. Diesel News Australia / July 2019 Running a Grain Cartage Business in Country NSW is hard enough, but Steve Davidge also runs a horse breaking and training business at the same time, so Diesel News checked in on trucking out Temora way. Temora sits at the crossroads of the Goldfields way, between West Wyalong and Wagga Wagga, and Burley Griffin ay, between Yass and Griffith, in the rural heartland of New South Wales. Steve Davidge and his wife Sam run a small operation from a modest yard on the edge of town. Typical of transport businesses in the area, their operation serves the agricultural industry with sets of tippers geared to handle the cyclical changes of location and product as the seasons change. The Davidge business was formed in 1970. However, the family had been running some trucks for some time before. Originally, the family business was based on the south coast of NSW at Moruya with Steve’s father and grandfather hauling for the logging industry. The basic business started off just carting logs, but was extended after 1975 when they began to handle general haulage, in and out of Sydney, up and back from Moruya. At that time there was also a growing demand for grain in that area and they began to grain from inland NSW back down to the coast. The grain was being moved on flattop trailers, tippers, at the time, were a rarity. Sheets were laid on the bed and over the gates, then the grain was shovelled into place. “The work was fairly labour-intensive,” says Steve, dryly. “You couldn’t get a driver to do that sort work these days. I remember, when we were kids, we used to go along and help father unload oats at dairy farms with a shovel. The best part of it was when you got finished, they would give you a litre of milk to drink. “As the grain got busier, Dad just moved out here to Temora. We moved here about 34 years ago, and we just went on growing, bought a few tippers and continued to grow. The business eventually built the fleet up to about 10 Mack trucks. We had a combination of Superliners, a ValueLiner and the rest were Ultraliners. “Dad always had Macks, so when we took over, we bought three of the trucks and then bought another one a few years later. Since then we have traded two of them in on new trucks. They had taken over the family business in 2015. Two new trucks are included in the fleet, Superliners with MP 10 engines and 685hp under the hood. The cabins are a new 60 inch sleeper design which has come out of the Mack system and was one of the first to become available in Australia. With the slightly longer wheelbase, it means the trucks also have to be fitted with an extra long driveshaft, something which is a little out of the ordinary for Mack truck buyers. Steve had been driving trucks for his father as soon as he passed his truck driving test. Later on he began a career as a commodity trader in the agricultural industry. Later, Steve also spent quite a few years working as a fly in fly out logistics manager for an operation laying gas pipelines across Western and Northern Australia. “I miss hearing the air starter on the old Macks,” says Sam.” They’re not quite the same now. We used to be able to hear them from home and you would know that’s someone was off up the road. The company run four trucks these days, all of them Macks, of course. The trucks run predominately as B doubles, but the operation does run two of them as double road trains in the busy season. One of the busy periods is the gypsum season, which runs out of Balranald, delivering into the local area. Then there is the series of harvest periods around the state and interstate. “When the season is right and things are going well, we usually start up around the Queensland border,” says Steve. “We will send three or so trucks up there and then they will gradually work their way back down as the harvest moves south. We will haul down to the ports when the fertiliser is on and there’s grain to go there. However, there hasn’t been any this year, there’s nothing moving. “It’s going the other way this year, grain’s coming out of the ports into to our area. We have still been very busy this year, hauling grain out of grain stores and into feedlots and the feed mills. Later in the year, it might be different story. “In a normal year, we would be hauling grain to Melbourne, Sydney and Newcastle, and then bringing fertiliser back. Last year was a little bit lean, but we got through okay. This year is even leaner, so it’s probably going to be an even bigger struggle. We might have to look at a different set of trailers or something like that. “I remember, years ago, Dad got hold of some curtainsiders and started running them for another company to keep the wheels turning. It wasn’t a great money spinner but it kept things rolling along before the grain came back.” The two newer Macks went to work in Western Australia as road trains in the lead up to the Christmas period in 2018. This was a time when the harvest was going well over there and work was quiet in NSW. The drivers simply drove over there and stayed in WA for the two month period. .
  3. Diesel News Australia / July 2019 Looking for a robust off road truck to handle the tough conditions a Western Australian logging operation add Astra to their all wheel drive working fleet. The Astra brand has had limited visibility in Australia, but elsewhere in the world has proven a useful add-on to the Iveco brand in some of the more rugged country’s truck markets. For example, it has been the top selling truck brand in Iceland. Harvesting timber requires a unique type of vehicle, especially when the plantation tracks are steep, slippery and muddy after rain, it’s an environment where 8×8 traction makes a world of difference. It was for these demanding conditions that last year, Plantation Logging Co of Bunbury WA, purchased an Iveco Astra 8×8, and now with around 120,000 kilometres on the clock, the truck from Iveco’s specialist all wheel drive arm seems to be delivering the goods. Started by Jeff Loton in 1994, Plantation Logging Co has expanded to become the largest pine tree harvesting and log haulage contracting company in the state, employing around 100 people. The shift to Astra came about due to some problems arising with the current fleet. “We’d been using another European brand truck for this short lead application, 80 kilometres from headquarters to the plantation sites but began having some longevity issues with them,” said Jeff Loton, Plantation Logging Managing Director. “This led us to start taking a look at the alternatives, we wanted to see what else was out there that could do the job and the Astra looked like it had everything we needed, it’s performed very well in the time we’ve had it. The Astra is excellent at dragging a heavy dog trailer around.” Set up as a rigid, towing a low profile six axle dog trailer, the Astra works 10 to 12 hours a day, five days per week, the combination normally operates at 68 tonnes (concessional loading on trailer applies), delivering the logs from a range of pine and blue gum plantations to sawmills in Bunbury. “With a 520hp (2400Nm) engine, the Astra has an extra 40hp available compared to the other trucks we use, despite having more power, fuel efficiency is on par,” said Jeff. “Our driver really enjoys having access to additional power, it’s noticeable in how the truck performs. The Astra’s transmission (16-speed Eurotronic AMT) also has another four gears to provide better spread of ratios for the conditions.” If the conditions require it, the Astra features hub reduction to all axles and the combination of a high tensile steel chassis and parabolic spring suspension provides articulation and traction. On the inside, the Astra features many of the benefits of its road-going Iveco counterparts to provide a comfortable ride both on and off road. The features include a spring suspended cabin, electric windows, air conditioning, a detailed multifunction instrument cluster, ergonomically-designed dashboard and 3-way adjustable, air suspended driver’s seat. .
  4. Prime Mover Magazine / July 26, 2019 Logistics and commercial carrier, Linfox, has unveiled a new Lin-double configured tri-axle tipper coupled with a six-axle dog trailer for its coal run in Illawarra. The combination, pulled by a Volvo tri-drive prime mover, moves coal related products from the South32 facility on behalf of Illawarra Metallurgical Coal operations to Port Kembla for Bluscope Steel. Linfox, which has invested $20 million recently in a fleet of custom-designed trucks, engaged a team of Australian and international engineers on the unique vehicle combination. “The vehicles were designed to address the particular challenges of hauling coal in the Illawarra, especially the steep descent down Mount Ousley,” said David Keane Linfox General Manager Business Development, Resources and Industrial. “We’ve essentially combined the most powerful Volvo prime mover available with additional braking and descent control technology and higher capacity trailing equipment,” he said. Illawarra currently outpaces Sydney in population growth and with the transit route between Westcliff and Appin Colliery involving steep grades down Mt Ousley and through heavy traffic, South32 required a supply chain partner with a transport solution that minimised its impact on the community and environment. In a company statement, Linfox said it was focused on the wellbeing and capability of its drivers as it planned to reduce the number of vehicle movements on local roads by 25 per cent. The vehicle, as the company strives to increase the tonnage of coal it moves on each trip while honouring its commitment to chain of responsibility, features radar adaptive cruise control and collision mitigation technology. Linfox also confirmed it had commenced construction on a new site in Port Kembla where South32 ships coal to international markets. The project will reportedly employ 130 local workers. This will include drivers, contract managers, operational supervisors, safety officers and administrators. Global demand is increasing right now for high quality coking coal which Illawarra has an abundance of for the production of steel. .
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  5. Prime Mover Magazine / July 24, 2019 Thales Group has announced that its key transport partner, Toll, has launched a new vehicle fleet worth $8 million. The vehicles have been specifically designed for Thales’ requirements and feature new safety and security upgrades. “This investment represents a significant advantage for our customer, in terms of safety on the road, and also the security of that product as well,” said Thales Director of EO Services, David Thompson. “Our partnership with Thales goes back a long way, and they are a very important part of our business,” said Toll General Manager Mining – East Craig Nelson. “One of the key focuses of our journey with Thales has been around safety. “This fleet comes with state-of-the-art safety features right across from the driver’s cab through to the trailers,” he said. Toll Senior Manager Explosive Services, Rex Whip, said Toll put a lot of time and effort into designing these trucks, especially with safety and security in mind. “If I had to choose the top three devices fitted to these trucks it’d have to be the tyre pressure and heat monitors as fire is one of our greatest risks, our fatigue detection so we are able to monitor driver fatigue and use an off-vehicle monitoring system, and thirdly having cameras on the vehicle that are monitoring the driver activities, (forward) down the road and (to) the rear of the load,” he said. “From a security perspective this is very important to us.” “One of the benefits of a long contract tenure is data,” said Thales Supply Chain Director, Greg Neal. “Toll have used the data they’ve received to provide input to the specifications of these vehicles, resulting in the new fleet carrying a host of digital features. They’re being innovative and driving improved safety, security and efficiency for Thales, which is ultimately received by our customers. “Their alignment with our ambitions is where real value is created in the partnership.” .
  6. Scania Group Press Release / July 25, 2019 Every day, Spedition Schanz transports 100 to 150 tonnes of paint from Odenwald to Frankfurt, travelling beneath the five-kilometre pilot catenary lines in both directions of the A5. Scania is the exclusive supplier for the trials, financed by the German Ministry for Environment, Nature Conservation and Nuclear Safety. In the coming months, four more hybrid trucks will be delivered for the pilot project in Hessen. Spedition Schanz’s Managing Directors Christine Hemmel and Kerstin Seibert are thrilled that they have been the first in Germany to receive Scania’s e-road trucks. “When asked if we wanted to join the project, we didn’t think twice,” says Hemmel. “We in the Schanz family care about the environment.” Seibert adds that Schanz family business is always eager to try something new. “The e-road technology looks very promising and we’re very excited to learn more about how it works in practice”, she says. Thomas Schmieder sits behind the steering wheel of the Scania hybrid truck, christened EL-LEON. He is one of three drivers at Spedition Schanz who have been trained on the new truck. It is no coincidence that he drives the EL-LEON; he specifically applied for a job at Schanz to drive this truck. “I’d read that Spedition Schanz would participate in the pilot project and immediately became interested. Electromobility is an exciting development – that’s the future and I want to be part of it.” The e-road pilot in Hessen will be supplemented by two additional trials in Schleswig-Holstein and Baden-Württemberg. “These tests will determine whether the e-road technology is viable in actual operations and can be implemented for goods transport with reduced carbon emissions and noise,” says Product Manager Stefan Ziegert, Sustainable Transport Solutions, Scania Deutschland Österreich. “How much CO2 can be saved? How do the trucks operate under varying conditions? How much power must be supplied not only to drive but also to charge batteries?” .
  7. Scania Group Press Release / July 17, 2019 Dutch haulier Venus Containers recently took its new Scania G 370 6×2 into operation. The distinguishing feature of this truck is the ultrashort turning radius thanks to its 3.15-metre wheelbase. Venus Containers uses the three-axle truck with a steered tag axle to deliver and collect 10-cubic metre waste containers in the Maarssen area. With a trailer, an additional four containers can be carried for a total load of 50 tonnes. That Venus Containers opted for Scania has everything to do with driver preference. “Good drivers are scarce and several of them are very much in favour of Scania. If they want a Scania, there is no reason not to comply. They’re skilled and know what works best,” says owner Robbert Tammer. No compromise on maneuverability The company needed a three-axle vehicle for the heavier container work when their 15- year old Euro 3 truck was banned from entering the city of Utrecht. “But we didn’t want to compromise on manoeuvrability. Together with the dealer, we fitted all the necessary components within this short wheelbase. The result is a truck with the same characteristics as a two-axle vehicle while conforming to regulations. With this truck, we can profitably carry a 10-cubic metre container full of sand.” Because the truck is a bit heavier, Tammer decided on a G-cab. “Apart from the extra space for the driver, the G-cab also looks nicer. We ordered it with the flat roof because of low hanging branches and such. Later I realised that the lower height was cancelled out by our roof light bar. But that’s our trademark, and it features on all of our trucks.” Reinforced bumper for additional protection The vehicle has numerous extras as suggested by Venus Container’s drivers. The reinforced bumper that protrudes four extra centimetres provides slightly more protection for the grille and the headlight units. It is equipped with a blind spot and front camera for added safety when driving in cities, but it also has a camera directly above the drawbar bracket. In combination with Scania Opticruise, drivers have opted for clutch on demand. Tammer finds the first fuel results encouraging; “I can see from the weekly Scania Fleet Management reports that the truck is running even more economically than the 4×2 vehicles that we started using last year. You can see how quickly developments advance.” .
  8. Ford Trucks Russia Press Release / July 26, 2019 On July 25, 2019, together with the service dealer "ATB Trans", Ford Trucks Russia held a "Ford Trucks Day" event for owner operators and regional fleet managers. The new Ford Trucks F-MAX did not leave anyone present indifferent! Ford Trucks official website in Russia: https://fordtrucks.ru/ .
  9. https://www.sterlingcrane.ca/gallery.php
  10. Land Line (OOIDA) / July 25, 2019 Volvo Trucks North America is recalling various models of trucks for one of two issues. One recall deals with automatic transmissions, whereas the other recall is an issue with fuses. Volvo is recalling nearly 25,000 2019-2020 VAH, VHD, VNL and VNR trucks. Affected trucks have a T-bolt clasp on the transmission air tank straps that may have been overtightened, resulting in potential deformation to the strap where the T-bolt is anchored, according to National Highway Traffic Safety Administration documents. The T-bolt could disconnect from the strap, allowing the tank to drop to the ground and become a road hazard, increasing the risk of a crash. Owners will be notified, and dealers will replace the air tank strap for free. Recalls are scheduled to begin on Aug. 12. For questions, call 800-528-6586 with recall number RVXX1904. NHTSA’s recall number is 19V-510. Volvo is also recalling several hundred 2018-2020 VAH, VHD, VNL and VNR trucks for a separate issue. In affected trucks, a fuse in the transmission circuit may blow, preventing the transmission from shifting, according to NHTSA. As with the other recall, owners will notified and repairs will be made by dealers free of charge. The fuse-related recall is slated for Aug. 19. Questions should be directed to the Volvo Trucks customer service at 800-528-6586 with recall number RVXX1903. NHTSA’s recall number is 19V-509.
  11. Commercial Carrier Journal (CCJ) / July 23, 2019 Approximately 700 medium-duty and vocational trucks are being recalled by Paccar and Autocar, according to documents from the National Highway Traffic Safety Administration (NHTSA). Paccar’s recall affects approximately 343 model year 1990-2020 Peterbilt model 320 and 520 trucks. The company says these trucks were built with specific amber rear tuck signals that may also light up with the stop/tail lights when the brakes are applied. NHTSA says that rear turn signals that light up at the same time as brake lights could create confusion and impair the effectiveness of the brake lights. Paccar will notify owners of affected trucks, and for trucks with rear amber lights, dealers will add a jumper harness between the chassis electrical harness and amber tail lights for free. Owners can contact Paccar customer service at 1-940-591-4220 with recall number 19PBC. NHTSA’s recall number is 19V-452. Autocar’s recall includes approximately 357 model year 2013-2018 Xpeditor tractors in which the drive shaft support cross member could fail. If the cross member fails, the components that it supports could come loose from the truck. Autocar will notify owners of affected trucks, and dealers will install additional support brackets and cross members and replace any damaged components for free. Owners can contact Autocar customer service at 1-888-218-3611 or 1-877-973-3486 with recall number ACX-1906. NHTSA’s recall number is 19V-456.
  12. Trump hits out at WTO developing economy designations Financial Times / July 26, 2019 Donald Trump has launched a new broadside against the World Trade Organization (WTO), saying the Geneva-based body allowed too many countries to claim the status of a developing economy and special treatment that damaged the global trading system. In a memo to Robert Lighthizer, the US trade representative, on Friday, Mr Trump wrote that the WTO was based on an “outdated dichotomy” between developing and developed economies that needed to be addressed quickly — and was in “desperate need for of reform”. In the past, Mr Trump has threatened to withdraw the US from the WTO unless it changes, as administration officials have criticised the organisation’s negotiating record, dispute settlement system and struggles in ensuring that countries disclose new subsidy measures. Trump administration officials have also been unhappy that many countries — including China — obtained developing country status at the WTO, which allows them to operate under different rules than advanced economies in certain areas. In Friday’s memo, Mr Trump took the frustration to a higher level, saying Mr Lighthizer should “use all available means to secure changes” at the WTO that would prevent countries benefiting from “flexibilities” deriving from developing economy status. As well as China, Mr Trump singled out a series of other countries that he thought should not be classified as developing, including Asian city-states such as Hong Kong, Singapore and Macau, as well as Gulf countries such as Kuwait, Qatar and the United Arab Emirates. He also said Turkey, South Korea and Mexico claimed the status of a developing nation, even though they were part of the OECD group of advanced economies. “While some developing country designations are proper, many are patently unsupportable in light of current economic circumstances,” the US president wrote, adding that their designations harmed other truly developing nations. Mr Trump also outlined the benefits that came from having developing economy status at the WTO, including procedural advantages in disputes, softer tariff cuts, the ability to maintain export subsidies and weaker commitments in negotiations. Mr Trump asked Mr Lighthizer to update him on his “progress” in clamping down on the use of developing country status at the WTO within 60 days — but said that if there was no breakthrough within 90 days, the US would no longer treat certain countries as developing and not support their membership in the OECD.
  13. BMC is the smallest Turkish truckmaker. They have limited funding, but like Ford-Otosan are enthusiastic about heavy trucks. Nice people. Funny that Austin started them off.
  14. Difference between Adults and Kids? The size of their toys. Thanks to Wallace Brothers Disposal & Recycling. Always Up - Autocar Trucks .
  15. New Chevy Silverado diesel outpaces rivals: 33 mpg on highway Richard Truett, Automotive News / July 25, 2019 DETROIT -- The Chevrolet Silverado 1500 diesel rolls into the 2020 model year with the highest EPA-certified fuel economy ratings ever given to a full-size pickup: 23 mpg city/33 highway/27 combined. The 2020 Silverado 1500 debuts General Motors' new diesel engine, a 3.0-liter Duramax turbocharged inline six-cylinder rated at 277 hp and 460 pound-feet of torque. The powerplant also will be available in the GMC Sierra. In the Silverado, the optional engine adds $2,495 to the sticker price of LTZ and High Country models, and $3,890 to the cost of LT and RST. The Silverado diesel is combined with a 10-speed automatic transmission and has a fuel-saving stop-start system. The Ford F-150 diesel held the top spot on the pickup fuel economy leaderboard for the 2019 model year with an EPA rating of 22 mpg city/30 highway/25 combined. Ram this summer will offer the only other full-size light-duty diesel pickup when it launches a revised version of its 3.0-liter EcoDiesel V-6, which was rated at 20 mpg city/27 highway/23 combined in 2017, when it was last sold. Toyota, Nissan and Honda do not offer diesel engines in their light-duty trucks, though one version of the Nissan Titan has a Cummins diesel engine and is considered a heavy-duty truck, like the Ford F-250. How long on top? Silverado will likely hold the fuel economy title for the foreseeable future. The F-150 would need expensive major upgrades to eclipse the Chevy truck. Ram, coming from back of the pack, would need to boost highway fuel economy by more than 20 percent to pass Silverado's highway rating. With the addition of the Silverado 1500 diesel, Chevrolet boasts the industry's largest diesel lineup, with the fuel-saving engine available in the midsize Colorado, heavy-duty Silverado and new medium-duty Silverado. Chevrolet says the 1500 diesel can tow 9,300 pounds and haul 1,870 pounds of cargo in its bed. Sales are expected to start in the fall. More than drivetrain Tim Herrick, Silverado's executive chief engineer, said the diesel's fuel economy rating is the result of more than the efficient drivetrain. While the Silverado has taken its share of criticism for its busy styling, Herrick, during a walk-around of the truck, explained how, for instance, the air curtains on the lower front fenders improve aerodynamics. "The proportions of the truck, the roofline, the mirrors, air curtains, everything was in line with getting the aerodynamics that could get us great fuel economy," he said. Herrick said the truck has a driving range of more than 600 miles on a full tank. Although the full model year EPA fuel economy guide is not yet published, the Silverado diesel has a reasonable shot at becoming the most fuel efficient pickup regardless of size. No two-wheel-drive pickup in the 2019 guide has a higher ranking, and all competitors are far behind. Ironically, the Silverado diesel's fuel economy is higher than those of the company's smaller, lighter Chevrolet Colorado and GMC Canyon. Those pickups also can be ordered with diesel engines, but their highest fuel economy ratings are 20 mpg city/30 highway/23 combined.
  16. An International Harvester pickup, not one but two classic Broncos and Trail 70s on the wall......what don't you have?
  17. Heavy Duty Trucking (HDT) / July 23, 2019 Link Mfg., provider of specially-engineered suspensions, has introduced its ROI Cabmate Semi-Active Cab Suspension, a more advanced version of its Cabmate cab suspension that features Link’s Road-Optimized Innovations technology to improve ride quality and respond to road and weather conditions. The ROI Cabmate Semi-Active Cab Suspension employs multiple sensors to constantly assess environmental circumstances and respond simultaneously. An accelerometer monitors the motion of the cab, while a position sensor measures the position and velocity of the cab relative to the frame. Using Link’s proprietary algorithms, the system’s electronic control unit interprets the stream of information from all sensors in real time, and responds by continuously adjusting the stiffness of shock absorbers and by filling or exhausting air from the system’s air springs to optimize ride stability and comfort. The entire ROI system operates on less than 10 watts of power. After transitioning from on- to off-highway conditions, cabs can sustain structural damage, vehicles can become harder to handle and drivers can be forced to decrease speed to avoid losing control, according to Link. The ROI Cabmate Semi-Active Cab Suspension can help prevent health risks, handling impediments and asset destruction that decrease worker satisfaction, productivity and revenue potential. Bill Ott, Link’s vice president of engineering, said while the suspension is physically consistent no matter which OEM cab is used, each installation is tweaked for that application. "Our testing has identified specific characteristics of various OE chassis suspensions," said Ott. "So we have optimized the damping characteristics to suit the application." Seating is often thought of as the primary interface between the driver and the chassis. And while seating can do much to improve the ride quality for the driver, it serves only the driver. "Seating only helps maintain driver stability, it does nothing to stabilize what surrounds the driver," said Michael Hof, Link's vice president of business development. "What about vehicle electronics or the driver in the sleeper? Seating won't do much for them, but a better cab suspension can really help there." The ROI Cabmate Semi-Active Cab Suspension System also features electronic height control. The system minimizes air consumption compared to traditional height control valves, because it does not fill or exhaust air in response to dynamic suspension motion. The system is designed to produce a better overall ride regardless of road surfaces and atmospheric forces, such as wind shear. “Fleets will find numerous advantages associated with any vehicle fitted with Link’s ROI Cabmate Semi-Active Cab Suspension System, beginning with protection of the driver and the whole-cab asset,” said Hof. “Reducing driver and vehicle fatigue and enhancing ergonomics may enable operators to traverse an uneven route more quickly and safely, enabling productivity to rise and additional runs to be made in a single shift.” . .
  18. Ford results dented by restructuring, gives weaker-than-expected forecast Reuters / July 24, 2019 DEARBORN, Michigan – Ford on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analysts’ expectations. Ford shares fell as much as 7 percent in after-hours trading. Virtually all of Ford’s second-quarter pre-tax profit came from North America - its most lucrative market - where highly-profitable pickup trucks drive margins for the Dearborn, Michigan-based automaker and its Detroit rivals, General Motors and Fiat Chrysler Automobiles. The automaker also posted a small profit in Europe and a far smaller loss in China compared with the second quarter of 2018 as better pricing and new luxury models helped offset a poor performance in that market. Ford’s second-quarter sales in China slid 21.7% in the second quarter after a first-quarter drop of 35.8%. In April, Ford said it planned to launch more than 30 new models over the next three years to overhaul its vehicle lineup in China. The automaker’s ongoing restructuring includes cutting costs and overhauling its product lineup in key global markets like China and Europe. The company said Wednesday it had so far only recorded $2.2 billion of the projected $11 billion in charges it previously said it would take for the global restructuring. Last month, Ford said it would cut 12,000 jobs, close five plants and cut shifts at other factories in Europe by the end of 2020 in an effort to return that region to profitability. In May, the company said it would eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August. Earlier this month, Ford and Volkswagen said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs. The size and timing of the payoff from that alliance remain unclear. Ford had previously not provided an earnings forecast for this year. The company said on Wednesday it now expects full-year earnings between $1.20 and $1.35 per share. Analysts have estimated the automaker will earn $1.39 per share this year, according to IBES data from Refinitiv. Speaking to reporters, Chief Financial Officer Tim Stone said the company now expects adjusted 2019 pre-tax profit of up to $7.5 billion, compared with $7 billion in 2018. “We have a long way to go ... to execute on our redesign,” Stone said. “We have a lot of work to do.” For the first half of the year, Ford reported a pre-tax profit of $4.1 billion, meaning that the automaker will, at best, deliver a weaker pre-tax profit of $3.4 billion for the second half of 2019. The No. 2 U.S. automaker posted a second-quarter net profit of $148 million, or 4 cents per share, down from $1.1 billion, or 27 cents per share, a year earlier. Excluding one-time charges, the company earned 28 cents per share. Analysts had expected Ford to earn 31 cents a share. Excluding a write-down of its stake in a software company, Ford said it would have earned 32 cents per share. Revenue was flat at $38.9 billion, above the $35.07 billion expected.
  19. Ford Forecast Trails Estimates on SUVs, China; Shares Fall Bloomberg / July 24, 2019 Ford issued an annual profit forecast that disappointed investors as the automaker rolls out new sport utility vehicles and struggles to compete in China’s slumping car market. Adjusted earnings will range from $1.20 to $1.35 a share, Ford said Wednesday, below analysts’ average estimate for $1.39. The second-largest U.S. automaker also missed projections for second-quarter profit, and its shares slumped in after-hours trading. CEO Jim Hackett is leading an $11 billion overhaul aimed at reversing Ford’s fortunes by cutting thousands of jobs, reviving an aging line of SUVs and pickups and ditching slow-selling sedans. Ford is losing money and market share in China, where the car market is contracting for the first time in a generation. “The guidance was a disappointment, as Ford had previously signaled opportunity to improve in its most important regions -- North America, Europe, and China,” Dan Levy, an analyst for Credit Suisse, wrote in a note to investors. The second-quarter results are “a reminder that the path to improvement may be bumpy.” Ford shares dropped 5.7% to $9.74 in after-hours trading after earlier falling as low as $9.46. The shares haven’t closed below $10 since June 26. New versions of Ford’s Explorer and Escape SUVs debut this year, and it’s bringing back the Bronco off-roader in 2020. The company also just struck a deal with Volkswagen AG to jointly develop electric and self-driving cars. A drop-off in shipments of the Explorer -- which is just ramping up production -- contributed to lower earnings and shrinking margin last quarter in North America, where Ford generates the bulk of its profit. Ford lost $155 million before interest and taxes in China, with deliveries to dealers plunging 32% in the second quarter, as the company struggles with an aging product line. The carmaker has said it’s reducing inventory and trying to boost sales by introducing new or revamped models. “We are seeing discreet signs of stability in our business in China even as the economy and the vehicle market are under recent and persistent stress,” Hackett said on a call with analysts. “We’re actively working on the design and launch of new products that will help us grow.” Software Write-Off The automaker also suffered a $181 million loss in its investment in a firm called Pivotal Software Inc., which caused the company to fall short of analysts’ estimates, Chief Financial Officer Tim Stone said. Ford’s write-off of its entire stake in Pivotal, which the automaker acquired three years ago, is the latest misfire by Ford, which lost $65 million it invested in another “smart mobility” venture known as Chariot. Earlier this year, Hackett dismissed that as a learning opportunity. “This is a pivot for us, a bunch of things have been birthed from the Chariot experience,” he told reporters at the Detroit auto show in January.
  20. Ford Trucks International / July 24, 2019 Smooth handling, even on the toughest roads, with the Ford Trucks Construction Series' Automated Manual Transmission (AMT)! #SharingTheLoad
  21. Here's the truth why concrete pumpers are switching to Autocar trucks: “My guys have been in Macks forever, but they love the Autocars. They ride better, they turn better with a way-smaller turning radius, and the biggest thing is, they don’t have to be in the shop.” Read the latest review here: https://lnkd.in/eFey8Jc #AlwaysUp #MakeTheChange #AutocarConcrete #AutocarACX .
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