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Thousand Trails Buys Back Some Stock

May 31, 2002 by · Leave a Comment 

Membership-based campground owner/operator Thousand Trails Inc. announced it will buy the 1.14 million shares of its own stock that were offered as part of a tender offer. According to the tender offer announced on April 24, Thousand Trails, an American Stock Exchange-listed company, offered to pay $8.14 for each of up to 1.5 million of its shares. Thousand Trails shareholders had until 5 p.m. Eastern Time Thursday (May 30) to decide whether to tender their shares and the owners of 1.14 million shares... Read more

Gulf Stream Sales Strong

May 31, 2002 by · Leave a Comment 

Count Gulf Stream Coach Corp. among the RV manufacturers experiencing strong order volume this spring, said Brian Shea, co-CEO of the Nappanee, Ind.-based firm. “We have used two million square feet of laminated materials for motorized and towable product year-to-date, compared with one million square feet a year ago,” Shea said. “We have doubled our luxury coach production and our Class C’s are up substantially too.” Orders for Gulf Stream’s Innsbruck stick & tin travel trailer... Read more

Meyer’s RV Superstores Expanding

May 31, 2002 by · Leave a Comment 

Mark Meyer, president of Caledonia, N.Y.-based Meyer’s RV Superstores – formerly Meyer’s Campers – thinks big. Even as Meyer opened a $3 million, 44,000-square-foot dealership on I-690 in suburban Syracuse near the I-90 interchange earlier this year, he already was working on plans to open the company’s fifth store in Upstate New York. “We’d like to build a 24-bay service center and a 15,000-square-foot showroom with overnight camping as well in the Rochester market,” said Meyer,... Read more

Colton RV Emphasizing Service

May 31, 2002 by · Leave a Comment 

Many executives in the RV industry talk about the need to provide better service to customers, but brothers Chris and Jim Colton did something about it. The president and vice president, respectively, of Colton RV Inc., North Tonawanda, N.Y., took action by investing $3 million to dramatically increase their service abilities. They put up a 40,000-square-foot showroom and service department because, as Jim Colton said, “We were putting too much emphasis on sales and not enough attention on service.” The... Read more

KFEC Head Confident of Expansion Funding

May 30, 2002 by · Leave a Comment 

The head of the Kentucky Fair & Exposition Center (KFEC) is confident that funding for the expansion of the facility, the site of the RV industry’s National Trade show for many years, will be approved despite the fact Kentucky state officials are at a budget impasse. Harold Workman, president and CEO of the Kentucky State Fair Board, which has responsibility over the KFEC in Louisville, said he is confident the expansion will be approved because the project “will pay dividends” in the... Read more

Newmar to Clarify Brand Strategy

May 30, 2002 by · Leave a Comment 

Newmar Corp. builds several brands that include both fifth-wheel and C Visit this link lass A motorhome models, but that can create confusion in the mind of many consumers, according to Dick Parks, the Nappanee, Ind.-based company’s president since November. So, the company will begin the process of refocusing its brands so that certain brands could become strictly towables while others might become strictly motorhomes. “It could end up that way,” Parks said during an interview earlier this... Read more

New 52-week High for Coast Stock

May 30, 2002 by · Leave a Comment 

For the second consecutive day, the stock of Coast Distribution System reached a new 52-week high. Coast, a distributor of aftermarket RV and pleasure boat accessories, saw its stock gain 71 cents, or 28%, today (May 30) to close at $3.23 a share. Earlier in today’s trading session, Coast shares traded for as much as $3.25, which shattered its previous 52-week high of $2.55 reached Wednesday (May 29). Meanwhile, most other RV industry-related stocks were unchanged or declined marginally today,... Read more

RV Industry Rallies Behind Alaska Couple

May 29, 2002 by · Leave a Comment 

The RV industry is providing support to an Alaska couple who were profiled on the CBS News Early Show a week ago (May 22). Robert and Theodora Tyler of Anchorage were the subject of a feature during the Early Show’s Week of Wishes. Theodora has terminal cancer and has about a year to live. Her husband, a truck driver, wanted to take her on a cross-country trip so she could see many of the sights he experienced during his years on the road. However, the couple was unable to afford such a journey,... Read more

RV Industry Rallies Behind Alaska Couple

May 29, 2002 by · Leave a Comment 

The RV industry is providing support to an Alaska couple who were profiled on the CBS News Early Show a week ago (May 22). Robert and Theodora Tyler of Anchorage were the subject of a feature during the Early Show’s Week of Wishes. Theodora has terminal cancer and has about a year to live. Her husband, a truck driver, wanted to take her on a cross-country trip so she could see many of the sights he experienced during his years on the road. However, the couple was unable to afford such a journey,... Read more

Spartan’s Fire Truck Chassis Business Booms

May 29, 2002 by · Leave a Comment 

Diesel pusher chassis supplier Spartan Motors Inc. also is a major producer of fire truck chassis, and that part of its business is booming, the company reported today (May 29). Spartan believes that in May it will have its best month for custom fire truck chassis orders in more than three years. So far this month, it has received $9 million in fire truck chassis orders, exceeding its previous best of $7.8 million during February 1999. The fire truck chassis ordered in May will be delivered to fire... Read more

Spartan’s Fire Truck Chassis Business Booms

May 29, 2002 by · Leave a Comment 

Diesel pusher chassis supplier Spartan Motors Inc. also is a major producer of fire truck chassis, and that part of its business is booming, the company reported today (May 29). Spartan believes that in May it will have its best month for custom fire truck chassis orders in more than three years. So far this month, it has received $9 million in fire truck chassis orders, exceeding its previous best of $7.8 million during February 1999. The fire truck chassis ordered in May will be delivered to fire... Read more

New Highs for Spartan, Coast and Thor Stocks

May 29, 2002 by · Leave a Comment 

New 52-week highs were reached today (May 29) for the stocks of Spartan Motors, Coast Distribution and Thor Industries. Diesel pusher chassis supplier Spartan revealed early today that it had robust order volume for its fire truck chassis in May. As a result, its stock reached a new 52-week high of $13.40 a share today, shattering its previous mark of $12.49. Spartan stock closed today at $13.25, up $1.36 a share, or 11%, for the trading session. Meanwhile, Coast shares gained 22 cents, or 10%, today... Read more

Freightliner to Intro New Chassis

May 28, 2002 by · Leave a Comment 

Freightliner Custom Chassis Corp. will introduce a new model, equipped with a 505-horsepower (hp) Caterpillar engine, during the RV industry’s National Trade Show in Louisville Dec. 3-5. The Caterpillar C-12 engine on the new Freightliner chassis, which has not been assigned a brand name yet, will satisfy the tougher U.S. Environmental Protection Agency (EPA) emissions standards scheduled to go into effect on Oct. 1, said Andrew Harris, Freightliner’s product manager for RV chassis. The new chassis... Read more

Cummins to Seek ISM Engine Certification

May 28, 2002 by · Leave a Comment 

Diesel engine manufacturer Cummins Inc. said it believes it will receive U.S. Environmental Protection Agency (EPA) certification for its ISM engine before a new EPA nitrogen oxide emissions standard goes into effect on Oct. 1. The ISM engine is available in up to 450-horsepower (hp) and is used on diesel pusher chassis for highline motorhomes. In a statement issued a week ago (May 21), Cummins reported that it submitted its ISB engine to the EPA for certification under the agency’s 2.5-gram NOx-NMHC... Read more

KFEC Expansion Funding Uncertain

May 28, 2002 by · Leave a Comment 

The timetable for the expansion of the Kentucky Fair & Exposition Center (KFEC) in Louisville, site of the RV industry’s annual National Trade Show, now is uncertain because the Kentucky Legislature is at an impasse over a new budget, according to Mary “Mike” Hutya, vice president of meetings and shows for the Recreation Vehicle Industry Association (RVIA). Due to the budget impasse, it is not currently known whether Kentucky law makers will agree to spend $12 million to $16 million to... Read more

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