Wabash National Corp Posts Record 1999 Lafayette IN-based Wabash National Corp has announced record results for the three and 12 months ended Dec 31, 1999. Net sales for the fourth quarter were $358.0 million, a 10 percent increase over the $326.8 million for the same period in 1998. Net income for the quarter was $11.8 million, compared with $2.2 million for the same period in 1998. For the year ended Dec 31, 1999, net sales were $1.5 billion, representing a 13% increase over the $1.3 billion for 1998. Net income for 1999 totaled $38.8 million, representing a 67percent increase over the $23.3 million in net income for 1998.
LCG Opens Offices in Mexico City, Mexico Logistics Consulting Group Inc (LCG) has opened its offices in Mexico City, Mexico. LCG specializes in providing professional services in supply chain consulting to middle-tier operating companies. These are companies with annual sales revenues between $50 million to $500 million. It also provides consulting support to third-party logistics providers, also known in the industry as 3PLs. Using best-in-class systems and technology, LCG builds supply chain solutions, as well as tactical operations improvement initiatives.
Eaton Corp Selects Plant Site in Mexico Eaton Corp's Truck Components Operations has selected a site at the Tres Naciones Industrial Park in San Luis Potosi, Mexico, as the location for a new manufacturing plant to build transmissions for the North American market. The new facility will comprise 350,000 square feet and will cost more than $100 million.
Construction will begin in the next few weeks, with initial production slated for first-quarter 2001. The plant will be built in two phases-first with assembly capability, then with full manufacturing capabilities. Eaton Fuller 13- and 18-speed transmissions will be built at the new plant.
NATSO Foundation Increases Scholarships The NATSO Foundation-research, education, and public outreach subsidiary of NATSO Inc-has more than doubled its scholarship awards for 2000. This year, 12 awards of $2,500 each will go to truckstop employees and their legal dependents who have shown academic excellence.
Each year, the foundation recognizes outstanding college and college-bound students from the travel plaza and truckstop industry through the Bill Moon Scholarship Program. In 1999, the foundation awarded $1,000 scholarships. This year, the foundation is expanding its scholarship program to reflect the higher cost of education and make the awards more meaningful.
To apply for the scholarships, phone the NATSO Foundation at 703-549-2100 for an application.
Mack Tallies Record Retail Sales Levels in '99 Mack Trucks Inc has closed 1999 with a record 34,264 Class 8 retail sales in the United States, which represented 13.1 percent of the heavy-truck market. This was an increase from 12.8 percent in 1998, meaning Mack has increased its market share consistently over the past seven years.
The US truck market had its second straight record year in 1999, with total retail volume increasing 25 percent to 262,316 vehicles. Mack's sales growth outpaced the industry's-retailing 7,463 more vehicles than in 1998, the company increased its volume by nearly 28 percent.
Mack's Canadian subsidiary, Mack Canada Inc, experienced a slight drop in sales, to 2,858 units. This represented a 9.3 percent share of the Canadian retail market, compared with 10 percent in 1998.
Mack Trucks Australia Pty Ltd, Mack's major overseas subsidiary, boosted sales by 6 percent to 746 units, which represented a 12.1 percent share of the Australian heavy-truck market. This compares with 11.7 percent in 1998.
The company's total vehicle production was up 18.7 percent to 39,028 vehicles. Year-end employment rose 8.7 percent to 6,216. At Mack's Macungie (PA) Assembly Operations, production climbed 23.4 percent to 16,171 vehicles. At the Winnsboro (SC) Assembly Operations, production increased 22.3 percent to 21,997 vehicles. At the Hagerstown (MD) Powertrain Operations, engine production was up 13.4 percent to 46,627 units.