Industry Report
Industry report
Denise L. Rondini | Editor | drondini@rrpub.com
Dealer News
Here is news from dealerships around the country: Rush Enterprises, Inc. announces that it has acquired certain assets of Metro Ford Truck Sales, Inc., a Ford and Isuzu commercial truck dealer in Dallas, Texas. Rush will operate this newly acquired location as Rush Truck Center – Dallas Medium Duty, offering Ford and Isuzu trucks, parts and service as well as collision repair, leasing, financing and insurance. The purchase price for this acquisition was approximately $5.6 million, which was paid in cash. Brian Nuss is the new director of new truck sales & leasing at Nuss Truck & Equipment. He was formerly with Peterbilt Motors in sales positions such as regional manager and national fleet manager. Brad Nuss, CFO, Nuss Truck & Equipment, recently hosted Senator Amy Klobuchar and Representative Tim Walz at the dealership’s Rochester, Minn., branch. Nuss and the dealership’s staff spoke with Klobuchar and Walz about issues facing business today in addition to specific items that affect truck dealers. Nuss also had the opportunity to ask both Klobuchar and Walz to support the NADA/ATD truck sales incentives.
Motor & Equipment Remanufacturers Association (MERA), an affiliate association of the Motor & Equipment Manufacturers Association (MEMA). Hansen International, Inc announced the promotion of Dennis J. Sadler to director of engineering.
ATA Truck Tonnage Index Rose 0.8 Percent In October
The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.8 percent in October after increasing a revised 1.8 percent in September. The latest gain put the SA index at 109.7 (2000=100) in October from 108.9 in September.
Sen. Amy Klobuchar, Brad Nuss and Rep. Tim Walz
People In The News
Following are personnel changes in the trucking industry: Phillips Industries announces that Randy Therneau has joined the company as account manager OE trailer. Michael Cardone Jr., chief executive officer of Cardone Industries Inc., has been selected as the first Therneau chairman of the newly formed
The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 112.9 in October, up 0.3 percent from the previous month. Compared with October 2009, SA tonnage climbed 6.0 percent, which was better than September’s 5.3 percent year-over-year gain. Year-to-date, tonnage is up 6.1 percent compared with the same period in 2009. ATA Chief Economist Bob Costello says that truck tonnage changes over the last couple months shows there are some bright spots in the U.S. economy. “October tonnage levels were at the highest level in three months, even after accounting for typical seasonal shipping patterns. These gains fit with reports out of both the manufacturing and retail sectors and show there is a little bit of life in this economic recovery.”
4 | SUCCESSFUL DEALER | December 2010