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RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Spartan Motors Stops Development on USPS Delivery Vehicle Program

Tue Feb 21, 2017

145512840627028.pngCHARLOTTE, Michigan - Spartan Motors, Inc. has announced that its Spartan Fleet Vehicles and Services business unit — which encompasses the Utilimaster go-to-market brand — has stopped development on the United States Postal Service Next Generation Delivery Vehicle Program as a prime contractor in the functional prototype development project and has sought withdrawal from the USPS. Spartan is continuing efforts to support this project and will partner with a leading USPS prototype award participant, to provide interior cargo solutions specific for the USPS's needs.

"As a global leader in fleet vehicle design and production, we were honored to be among a select group of vehicle makers to win the USPS prototype award," Spartan Motors President and CEO Daryl Adams says. "However, when we took a close look at the economics as a result of our inability to reach a satisfactory agreement with our commercial chassis supplier, further participation in the program as the primary body builder did not meet our baseline financial targets. Working closely with one of the USPS prototype award participants will enable us to participate in this significant NGDV program without the related upfront developmental capital requirement, while building what we're best at for the fleet market – custom interior cargo management solutions."

Utilimaster has produced route delivery and other vehicles for the USPS since 1999. As previously announced, Utilimaster was one of six vehicle manufacturers selected to receive the prototype award as part of a comprehensive USPS Request for Proposal process. After a thorough evaluation, in-depth supplier consideration and extensive financial modeling, Spartan has determined that remaining in the USPS NGDV project as a cargo management supplier provides a better return on capital, which better serves the company and its shareholders.

"We would like to extend our most sincere thanks to the USPS for considering and selecting Spartan to take part in the evolution of their fleet," Adams says. "We look forward to assisting with development effort and providing the USPS with high quality cargo management solutions that best meet the needs of their business, while ensuring improved safety, productivity and performance for their route delivery personnel."

Additional Information: https://www.com-unik.info/2017/02/17/flexsteel-industries-inc-flxs-director-jeffrey-t-bertsch-sells-477-shares.html