About 1,200 hourly, unionized workers walked off the job May 3 after rejecting a deal to replace a contract between the United Auto Workers and Peterbilt. After nearly five months, the UAW Local 1832 offered to return to work unconditionally and continue to negotiate. Paccar officials, however, turned the offer down, according to Peterbilt spokesman Todd Acker, preferring to wait until there is a signed contract.
Recent Class 8 trade volumes have been lower than predicted, which means pricing has been more stable than expected for used trucks, according to J.D. Power & Associates.