November Commercial Vehicle Net Orders Weaker than Expected
North America Class 8 commercial vehicle preliminary net orders for November surprised on the downside, coming in well below October actuals
North America Class 8 commercial vehicle preliminary net orders for November surprised on the downside, coming in well below October actuals.
According to ACT Research Co. the final numbers, which will be released mid-December, will approach 20,700 units for heavy duty Class 8 trucks and 13,400 for medium Classes 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5% of actual.
"We believe there was a pull-forward of demand in October to counteract the impact of price increases for the new model year," said Steve Tam, ACT vice president-commercial vehicle sector. "The underlying fundamentals in the heavy truck market remain healthy. Classes 5-7 preliminary net orders continue to flow in a very narrow band. As a case in point, when seasonally adjusted and annualized, the Classes 5-7 net order matched the YTD average."
More info: www.actresearch.net.
More Fleet Management
Does Your Trucking Fleet Need a New TMS? [Video]
Cloud technology, AI and new integrations are changing what transportation management systems can do. But does taking advantage of those advances mean replacing your existing TMS?
Read More →
Road Ready Becomes Saegic, Launches New Trailer Telematics Gateway
Clarience Technologies is rolling out new hardware and expanding its plans for connecting trailer telematics, maintenance data, and video.
Read More →
Give Your Trucking Fleet a Cybersecurity Walkaround
Your fleet's cybersecurity policies may look good on paper. These seven checks can help you find out whether they’re working.
Read More →
Kodiak Lines Up Fleets for Driverless Trucking
An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.
Read More →
ITS Logistics Settles Religious Harassment Case
The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.
Read More →
Your Trucks Are Busy. That Doesn’t Mean They’re Winning.
High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.
Read More →
Why This Trucking Recovery Is Different
Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data
PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.
Read More →
Motive Adds AI Agents for Fleet Operations
New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.
Read More →