AUDIO – What’s going on with the economy? Ask a trucker.
Ustian said the current slowdown has been worse and deeper than expected — even though the trucking industry had a sense that things were starting to go south as far back as 2007.
Ustian, one of our featured guests on the first day of the summit, told Reuters that the trucking industry is a great place for people to start if they want to get a good read on the economy. Most things that are made in the U.S. get where they’re going with the help of a truck somewhere along the way.
The breadth of the company’s businesses supports his view.
Navistar is a manufacturer of commercial trucks, IC Bus, LLC (IC) brand buses, MaxxForce brand diesel engines, Workhorse Custom Chassis, LLC (WCC) brand chassis for motor homes and step vans, Navistar Defense, LLC military vehicles, and is a provider of service parts for all makes of trucks and trailers. Additionally, it also designs and manufactures diesel engines for pickup trucks, vans, and SUVs.
The Manufacturing and Transportation Summit continues through Thursday in Chicago.