Archive for the ‘Dump Truck’ Category
Thursday, July 24th, 2008
A plant in Marlboro County has closed its doors for good, effective immediately, increasing the county’s already high unemployment rate.
Ox Bodies, a dump truck manufacturer in Bennettsville, came to South Carolina about five years ago and employed 30 people in the county.
Dale Pilger, president of Ox Bodies, said the closure is part of the company’s con-solidation process.
“We had discontinued manufacturing at that plant some time ago and had been doing only installations for customers in that geographic location,” he said. “With (the close of the plant) we are consolidating that service at (the Fayette, Ala., headquarters) but will be using the (Bennettsville) site for logistics. We’ll manage chassis and finished trucks for our customer at the location so they won’t be affected by the actual plant closure.”
The company is a designer, manufacturer and installer of medium and heavy duty Class 6- 8 dump bodies, platforms, pup trailer bodies, trash bodies and related dump truck body accessories.
Pilger said the trucking industry has been a challenge lately and it was important for the company to be cost and production effective.
Marlboro County Administrator Cecil Kimrey said it’s tough when something closes and the county will have to roll with the punches.
“We hate to lose any employment with our unemployment rate as it is right now,” he said. “We’ll just have to work harder to find more companies for the area.
“I was aware that (Ox Bodies) wasn’t doing well here and knew there was a possibil-ity that it could close but you really hate to see them go.”
According to the latest unemployment figures for June, Marlboro County was the only county out of seven counties in the Pee Dee to show no change in unemployment rates.
All other counties showed slight increases for June, according to the S.C. Employ-ment Security Commission’s monthly report released July 18.
Marlboro County was ranked third in the state for unemployment in May, but now ties Chester County for fifth in the state with a 10.8 percent unemployment rate for June.
Doris Ann Breeden, executive director of Marlboro County’s One Stop Workforce Center, said the effect of the layoff already has been seen in the unemployment office.
“The laid off employees have already come in and filed their claims,” she said. “It’s been about two weeks since they came in and, of course, we encourage them to register for work that’s available to them that they are qualified for.”
Breeden said the employees were furloughed June 30.
“This just adds to the (unemployment) numbers we have,” she said. “It’s going to be tough because a lot of those people that were laid off from Ox Bodies were local people that aren’t used to commuting far to work.
“The possibility of commuting to Florence or Myrtle Beach will be an adjustment for them.”
Pilger said there would be one employee stationed at the Bennettsville location to handle logistics.
Tags: Dump truck manufacturer
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Friday, June 27th, 2008
Ever heard the phrase “Built like a Mack Truck”? There is a reason that people refer things to this specific truck manufacturer. Mack trucks are heavy duty built and made to last. This goes for the big rigs that you see on the freeways every day right down to the Mack dump trucks that many construction companies simply can not live without. The power of the Bulldog is a phenomenal thing and trucks from this manufacturer pack all the power that any driver could want.
Mack is one of the world’s leading truck manufacturers. Based in Allentown, Pennsylvania, the company is a subsidiary of Volvo. For years this highly popular and trusted manufacturer has been producing Mack dump trucks that have been used for transporting materials such as sand, gravel and dirt for construction, highway and other vital business tasks.
If you or your company are in need of a dump truck then Mack is by far one of the most chosen breed of truck for this purpose. Whether you decide to purchase your Mack dump trucks new or used, you can find many budget-friendly and heavy duty trucks when you shop online. Of course you wouldn’t simply expect to head over to an auction site and grab one for pennies, but online sites that deal with the buying and selling of trucks, trailers and other aspects of the trucking industry can be very beneficial when you are searching for a new or used truck, whether you need something for the long haul, construction or any other trucking purpose.
If you are planning to shop online, simply find the site that you trust and type in Mack dump trucks into the search bar function. You may be surprised at the many available models of dependable construction type trucks that you will see. One reason that searching online is so highly beneficial, and why it has become so popular, is that you have the opportunity to view trucks from people all over the nation. You are not simply bound to your general area. Thousands of people across the nation are right now attempting to sell a truck and the internet gives them a much greater capacity for audience than any other advertising method.
So, when you get ready to begin your search for a needed construction vehicle, remember that Mack dump trucks are popular for a reason. They are dependable and built to withstand even the most rugged conditions. Find yours today. The power of the Bulldog compels you.
Tags: Mack Dump trucks, truck manufacturers
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Friday, June 13th, 2008
There are many alternatives in obtaining startup Peterbilt dump truck financing. The first logical place to investigate your startup financing is at your local bank. This may be a pleasurable experience if you have many contacts at your local bank but most people usually don’t have these types of connections. The startup business must have at least high 600s on their credit scores and be prepared to go through a lengthly paper process. Prior year tax returns may be required, current personal financial statments needed and various other lending requests. The business startup is considered a high risk factor to the bank and must adhere to higher lending standards.
Most banks and financial institutions offer loan and/or lease programs. The difference is that the loan program transfers title at the end of the payment obligation, whereas the leasing component offers a rent type environment during the course of the lease with a buy out option at the end of the lease period to take title. Usually, the monies required upfront to acquire a loan are higher and eliminates many candidates. The Leasing arena requires anywhere from usually first and last payment to approximately 20% down on the cost of the Peterbilt dump truck depending on the type of industry requested.
On the startup loan and lease programs for a Peterbilt dump truck applicant, the applicant must investigate whether the bank and/or financial institution considers this a qualified asset which they will lend on. Most lenders like this type of asset but others may specialize in other industries such as medical and transportation such as limos, limo buses, ambulances etc. Some Lenders will only lend up to ten years based upon the age of the truck where others may extend beyond this parameter. Loans and leases usually run anywhere between 36 -60 months based upon the age of the dump truck.
The startup Peterbilt dump truck applicant is seeking a relationship with the lender. The front money to commence the lending vehicle, the monthly payments and the buyout clauses at the end of the lending instrument, if there is one, is paramount in making a prudent business decision. The amount of paperwork and hoops to jump through to get to end of the financing process are considered in the total evaluation process.
As we discussed above, there can be a lengthly paperwork process to obtain your start up financing. Recently, some of the lenders have changed their computer qualification models and require application only programs This means there are no income tax returns required, time consuming personal fianancial statments needed, and other key documents either prepared and /or requested. This program is usually geared for the seasoned business but there are start ups applications programs available. These application lending programs run as high as $100,000 for this start up program. It is important for the Peterbilt dump truck applicant to check out all the lending programs available. The collateral is the dump truck and usually no additonal collateral is required. The minimum credit score required for all Peterbilt dump truck applicants may run as low as 575.
The last thing you should be aware of is dealer/financing inventory programs. What this means, the lender has repos and/of a off lease inventories that they want to move for cash flow purposes. This financing arrangement is geared to the start up as well as seasoned business and may offer the Peterbilt dump applicant an execellent buying and financing opportunity.
Another option available for startup businesses looking for a Peterbilt dump truck is lending programs that require additional collateral. The start up applicant may have very poor credit, such as 550 or below. He also could have a recent discharged bankruptcy and/or judgements and liens that may be still outstanding. Most typical lenders will reject the dump truck applicant based upon these factors described above. If the applicant has equity in a house, free and clear title on vehicles and contruction equipment, certain lenders can put together a dump truck lending package to solve the road blocks to obtain the financing desired. Be aware that the rate factor and/or interest rate charged on these transactions which are typically very high.
When you are shopping for your Peterbilt dump truck financing, consider the following, the front money, the monthly payments, what collateral is required, and what the buyout clauses mean. Also, make sure you have a good source of income coming from a contract and/or other methods. Addionally, be aware that you are going to personally guarantee the transaction.
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