News

The latest new trucks, legal news, as well as updates from dealers and used truck sellers. Whether you’re interested in artics, rigids or tippers; drivers' hours law, driving standards or health and safety regulations; or simply want to know the latest updates from the rental, leasing or finance markets. Our product, dealer and compliance news pages will keep you updated.

Drivers hit by new EU rules

Operators may have to employ up to 10% more drivers due to detailed restrictions in the EU drivers' hours regulations. Motor Transport reveals this week that the new rules in force from April 11 are much tougher than first thought. The implications covering weekly rest periods are particularly serious for operators running six to seven days a week. Under current regulations, drivers are required to take a weekly rest of 45 hours, which can be reduced by nine hours provided rest time is made up by the third following week.

UPS posts record figures (again)

Parcels giant UPS has posted yet another stunning quarterly result, with earnings for the fourth quarter of 2006 going up by 11.2% and international operating profits rising by 8% to exceed $1.7bn (£865m).Package volume hit a new high in 2006 at almost 4 billion packages, an average of 15.6 million per day, exceeding 20 million on seven days in the year.UPS also ended 2006 with nearly $2 billion in cash, having generated cash from operations of $5.7 billion.

Schmitz family member is new UK MD

The new managing director of trailer manufacturer Schmitz Cargobull (UK) is Andreas Schmitz, son of Schmitz Group chairman Dr Heinz Schmitz and great-great-grandson of Melchior Schmitz, who founded the firm in 1892.

Paccar. Needs Watching.

Paccar’s 2006 results are in, and, as we have come to expect from the Bellevue, Washington-based owner of the DAF, Kenworth and Peterbilt brands, they’re good.But ......

Volvo looking at MAN - rumour.

The rumour mill is working overtime at the moment. The latest from investorland is a mooted takeover of MAN by Volvo. Quoted in some reports is Equinet Securities AG Thomas Nagel, who says that there are: "Rumors Volvo AB might bid 90 euros apiece are boosting MAN shares.'' Unlikely, we’d suggest.

Applying the Brakes to Globalisation

This piece of analysis from Morgan Stanley catches the eye. It’s not about trucks per se, but more a counterpoint to the current globalisation debate.The author muses on the possibility of a return to what he terms ‘localisation’, and the impact thereof. And, given that the automotive industry has rushed headlong into a global world, what he has to say is not without significance. Bush is already adopting a quasi-isolationist posture – what happens if the rest of the world follows?

Week of Reckoning for Navistar

There’s an interesting report here concerning Navistar’s continuing woes.Tomorrow – Tuesday – it meets with NYSE officials with a view to postponing its mooted delisting from New York’s major exchange. If it gets dumped, then Navistar shares will be moved to the Pink Sheets.