Trailmobile Canada to cut production by 25%
MISSISSAUGA, Ont. (July 12, 2001) — Amid slumping demand for new trailers, Trailmobile Canada Ltd. said it will reduce trailer production by about 25% starting next week.
In a press release, Trailmobile said the production cut is in line with the 65% decline in backlog levels from what was reported at the end of the first quarter ended Dec. 29.
Trailmobile said it expects the weak demand for trailers to continue at least through the 2001 fiscal year.
Trailmobile Canada, formerly Mond Industries, makes dry-freight trailers for commercial trucking customers.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.