Month: October 2019

Alpin Haus Reps Visit Technical School in New York

It takes more than technical skills to be successful in the workforce. That’s the message representatives from Saratoga, N.Y.-based Alpin Haus reinforced when they visited local high school juniors and seniors at the HFM Career and Technical Center on Oct. 16, according to a report by the Leader-Herald. “Energy, attitude, motivation, teamwork. No matter where you work, you’re going to ...

RV Rental Connection Debuts Online Rental School

Peer-to-peer RV rental website, RV Rental Connection, has launched an online RV rental school. According to a press release, students learn the RV rental business at their own pace in the privacy of their own home or office, using an online course-portal backed by a live student support team. The online RV rental school covers a wide range of topics, ...

Spartan Sees Record 3Q Sales, Chassis Revenue Falls

Spartan Motors Inc. reported third-quarter sales increased $62.8 million, or 27.8%, to a record $289 million from $226.2 million in the year-ago period. During the quarter, ended Sept. 30, net income increased $5.1 million, or 97.5%, to $10.4 million, or 29 cents per share, compared to $5.2 million, or 15 cents per share. Other third-quarter highlights include: Gross profit margin improved 300 basis points to ...

LKQ Corp. Reporting Net Income Growth During 3Q

LKQ Corp., parent of distributors Keystone Automotive and NTP-STAG, reported revenue for the third quarter of 2019 of $3.15 billion, an increase of 0.8% as compared to $3.12 billion in the third quarter of 2018. For the third quarter of 2019, parts and services organic revenue increased 2.3% (0.9% on a per day basis) and acquisition revenue growth was 0.8%, ...

Skyline Champion Shows 2Q Net Income Turnaround

Skyline Champion Corp., a builder of manufactured housing and park model RVs, reported a decrease in net sales of 0.3% to $354.5 million during its second quarter, ended Sept. 28. Net income during the period was $17.7 million compared to a net loss of $77 million in the year-ago period. Other highlights included: U.S. factory built net sales increased 2% ...

4 Counties That Offer Roadmap to Economic Health

Editor's Note: The following commentary by The Washington Post focuses on four counties, Including Elkhart, that serve as harbingers for a pending recession in the U.S. Why do we care how Robertson County, Tenn., Pontotoc County, Miss., Boone County, Ill., and Elkhart County, Ind., are doing, or how much they have in common? Because, in addition to manufacturing big-ticket luxuries ...

Cummins Triumphs in ‘Patent Infringement’ Lawsuit

Cummins Inc. (NYSE: CMI) announced successful legal actions against Chinese firms Turbotechsnab LLC and Weifang Yuhang Turbocharger Co. Ltd. for infringement upon Cummins’ trademarks and patents. According to a press release, in the decision reached by the Moscow City Arbitrazh Court, Turbotechsnab was held to have infringed Cummins’ HOLSET trademarks. The court awarded an injunction against Turbotechsnab prohibiting further illegal ...

Overland Expo Adds Northern Colorado Event in ’20

The Overland Expo, one of the world’s premier events for do-it-yourself adventure travel enthusiasts that has attracted the attention of the RV industry in increasing numbers as of late, announced Wednesday (Oct. 30) that it has added a third location to its roster for 2020. The new Mountain West edition of Overland Expo will take place Aug. 28-30, 2020, at ...

Fed Cuts Rates for Third Time, No Promise of Fourth

The Federal Reserve cut interest rates for the third consecutive time on Wednesday (Oct. 30), but did not offer clues as to whether or not it will cut rates further. Yahoo reported that the Federal Open Market Committee (FOMC) on Oct. 30 voted to reduce the benchmark interest rate by 25 basis points to a target range of between 1.5% to ...

Videos: ASA, Winnebago Spyder & Coachmen Apex

The latest round of RVB videos are now accessible in the “RV Industry Videos” section on the RVBUSINESS.com home page. Content includes: • ASA Electronics provides an overview of the company's Voyager over-the-road observation system, including cameras, monitors, blind spot monitoring and other technologies. • In this walk-through tour, Product Manager Adam Christoffersen explains the new features of the exterior ...

Professors Note Ways To Improve NPS Fiscal Status

Editor’s Note: This story was written by Kurt Repanshek and was published by the National Parks Traveler.  Congress makes annual efforts to address the National Park Service’s financial predicament, but year after year those efforts end with little significant impact on the agency’s staggering maintenance backlog or improvement to the day-to-day operations of the National Park System. At a time ...

Northpoint Steps Up as ‘Con/Expo’ Bronze Partner

The National RV Dealers Association (RVDA) announced that Northpoint Commercial Finance is returning as a Bronze Partner for the 2019 RV Dealers Convention/Expo. The Convention/Expo takes place Nov. 11-15 at Caesars Palace on the Las Vegas Strip and is sponsored by RVDA, RVDA of Canada, and the Mike Molino RV Learning Center. “We are thankful Northpoint Commercial Finance is returning ...

Curtin Cautiously Optimistic on Shipments in 2020

Richard Curtin In August, RV industry analyst Richard Curtin, who serves as director of surveys of consumers at the University of Michigan, projected shipments for the remainder of 2019 would be closer to those of the year before. As reported by the Elkhart Truth, after looking at the September results, he was optimistic, but still cautious about the year ahead. “If ...

New EarthRoamer Camper Adopts Carbon Fiber Tech

RVs come in many different shapes and sizes, from teardrop trailers to over-the-top Class A motorhomes. But expedition campers differ from other types of adventure vehicles in significant ways. In an overland vehicle, the goal is to go off-road and off-the-grid on a self-reliant adventure that requires four-wheel-drive. Curbed reported that Overland travel doesn’t have to mean basic, however, and ...

Flexsteel Inc. 1Q Earnings Impacted by China Tariffs

A continued exit from its contract business and tariff pressure on pricing contributed to a fiscal 2020 first-quarter net sales decline of 11.6% for full-line furniture manufacturer and importer Flexsteel Industries Inc. Revenue for the period ended Sept. 30 was $100.3 million, compared with $113.5 million in the prior-year quarter. The company's contract segment was off 32.7% due to the ...

Report: Economic Growth Slows to 1.9% During 3Q

U.S. economic growth slowed to 1.9% in the third quarter, dampened by a dip in business investment and federal spending, the Commerce Department said today (Oct. 30). CBS News reported that although the economy has lost speed this year, falling from 3.1% in the first quarter, the latest figures topped economists' forecasts of 1.6% growth and will allay concerns that ...

Oracle President Vies for SEMA’s ‘Innovator of Year’

Justin Hartenstein Oracle Lighting announced that founder Justin Hartenstein has been named a finalist for the SEMA Gen-III Innovator of the Year. The winner will be named during the SEMA Industry Awards Banquet at the 2019 SEMA Show, held in Las Vegas, Nev., from Nov. 5-8. “It is truly an honor just to be nominated for an award that recognizes ...

Airstream’s ‘Astrovan II’ Readying for Space Launch

Airstream Inc. is partnering with NASA and its commercial astronaut program by providing the new Astrovan II van to shuttle the first Boeing commercial crew to the launch pad. Techcrunch reported that the vehicle, which is the sequel to the original Astrovan that brought America’s astronauts to the launch pad in the days of the Shuttle Program, features modern updates, and ...

Pump Prices Decreasing Despite a Jump in Demand

The national gas price average dropped by four cents this week to $2.60, despite a jump in gasoline demand and a draw in gasoline stocks. According to AAA, the drop represents the largest one-week decrease since gas prices started to increase more than six weeks ago. Tuesday's (Oct. 29) average is a nickel cheaper than last month and 21 cents ...

Ford Recalls 320K Transit Vans on Drive Shaft Issue

Ford is recalling nearly 320,000 Transit full-size vans in North America for a second time because the drive shafts can fail, causing loss of power. The Associated Press reported that the company says the recall covers the 2015 through 2017 model years. The drive shaft coupling can crack, and continued driving can cause the shaft to break free. In addition ...

Calif. Fires Strengthen, Impact Campgrounds, Parks

Between forced power outages from Pacific Gas & Electric (PG&E) and wildfires, Dyana Kelley, executive director of the CampCalNOW RV Park and Campground Alliance (CampCalNOW), said park owners in Northern California can’t seem to catch a break. “The power outages and wildfires have impacted private campground owners in the area pretty heavily,” she told Woodalls Campground Management, sister company of ...

Airstream Honored by ‘Fast Company’ for Innovation

Airstream Inc.  announced that the Smart Control Technology unveiled in the 2019 Classic model travel trailer received two of Fast Company’s top awards in the annual Innovation by Design Awards. According to a press release, the Airstream-designed Smart Control Technology digitally connects owners to their recreational vehicles for a more enjoyable camping experience. The integrated system is the first of ...

Cummins Inc. Announces 3Q Results, Sales Down 3%

Cummins Inc. reported third-quarter revenues of $5.8 billion, a decrease of 3%  from the same quarter in 2018. Lower demand for trucks and construction equipment drove the majority of the decline. Sales in North America were flat while international revenues decreased 8%. Currency negatively impacted revenues by 1%, primarily due to a stronger U.S. dollar. Net income attributable to Cummins ...

Cavco Reports Gains in Revenue, Net Income for 2Q

Cavco Industries Inc., a builder of manufactured home and park model RVs, reported an 11.3% increase in revenue for its second quarter, ended Sept. 28. Results for the three months include Aug. 2 acquisition of Destiny Homes, which operates a manufactured and modular housing factory in Moultrie, Ga. Financial highlights include the following: • Net revenue for the second quarter ...

Days Corp. Partners with Ind. Nonprofit Firm Mosaic

Days Corp. has partnered with "Mosaic in Northern Indiana," a nonprofit organization which provides services to individuals with intellectual disabilities. According to a press release, the company recently employed a man receiving services through Mosaic. “He is part of the team and he’s doing an important job that leads to us becoming a more successful corporation. The partnership Days Corp. ...

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