Trump always sticks to the prices he promised and the Republicans voted, something that each person who already knew what a price knew would end badly. On the automotive side, these republican prices already prevent cars in the United States and will soon increase prices on most vehicles you may want to buy. Now we are starting to see another consequence of this disastrous policy. Thursday, Mack Trucks announced his intention to dismiss several hundred workers and the truck manufacturer specifically blamed the republican rates, the Pennsylvania capital star Reports.
Between 250 and 350 workers from the Mack’s Lehigh Valley Operations Center near Allentown, Pennsylvania, will lose their jobs in the next 90 days. It is not the only location that will see the layoffs, however. Freight waves Bring 50 to 100 additional workers at the Volvo subsidiary, the Hagerstown factory Maryland will be unemployed by May 2, adding to the 43 workers who have already been dismissed earlier this year.
In an email, a spokesperson for Mack Trucks said Freight waves::
Trucks in heavy service continue to be negatively affected by market uncertainty on freight rates and demand, possible regulatory changes and the impact of prices. We regret having to take this measure, but we must align production with a reduced demand for our vehicles. This is considered an indefinite layoff. We cannot say when we will have to increase production because it depends on the market, but we can’t wait to recall people as soon as necessary.
Horrible timing for Mack trucks
In a press release, Pennsylvania’s state representative Josh Siegel qualified the dismissals of “a clear signal of dangerous economic instability fueled by chaotic pricing policies of the Trump administration” and added basic American industries such as truck and manufacturing.
It is particularly remarkable that Mack Trucks is already dismissed from workers because, less than two weeks ago, he revealed the new Mack Pioneer, a class 8 truck which Ttnews The reports are the most aerodynamic and comfortable truck that the company has ever built. Between upgrades to the powertrain and a more slippery form, the Mack claims that the pioneer is 11% more efficient than its predecessor. During the revelation, Lukas Yates, responsible for the design of Mack, told the media:
This truck was designed for the comfort of the high -level driver and to maximize aerodynamic performance. Each detail, wings lowered to the continuous surface of the front grille at the back of the dormant box, was designed to reduce the drag and improve energy efficiency while maintaining the dominant presence for which Mack is known.
One would think that the launch of a new more efficient model would have indicated many orders for Mack and a lot of work for its employees, but thanks to republican trade policies, this is not really the case.
It’s not just Mack
As Freight waves Reports, Mack is not the only trucking company that seems to be in trouble. The whole industry is. According to a report by analysts Ftr Transportation Intelligence, class 8 truck orders in March fell 14% and fell 22% in annual shift. It was also before Trump officially launched his trade war earlier this month, so he is probably sure that the trucking industry has seen the orders drop even more radically in the past few weeks.
“The implementation and continuous threat of prices among the North American commerce combined with the continuous uncertainty of the economic and freight market have considerably attenuated fleet investments in class 8 trucks and tractors in recent months,” said FTR in its report.
This is only worsening here too. As gcaptainA media from the maritime transport industry, despite a solid Q1, reports, the port of Los Angeles and other American ports are preparing for a drastic drop in cargo from abroad, as well as less exports. According to the latest global report by Port Tracker, a growth scheme of 19 months should end, in May noting a 20.5% drop in freight volume. June should not be better, with volumes that should also drop in July and August.
Without as many containers that arrive, trucking companies will not have as many goods to transport, which will be bad for new truck orders. This could be even worse for truckers and mechanisms, with dismissals and small closed trucking companies. For example, Davis Express, a carrier of 160 sieve in Florida, has just announced two days ago that he will close this summer and will leave 117 truck drivers, 35 office employees and 11 mechanisms in the coming months.
