
Truck production numbers show a trend toward smaller displacement engines and more straight trucks in the truck market, according to ACT Research and Rhein Associates.
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Trailer net orders set a record in the third quarter of 2018, driven by strong freight demand throughout the year, according to ACT Research.
Read More →Orders for Class 8 trucks moderated from the record-setting levels of this summer, but were still 21% better than a year ago, according to ACT Research, while used-truck sales improved over September. However, cancellations rose.
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Trailer orders keep pouring in, with preliminary data from Act Research indicating 55,530 were ordered in October and research firm FTR calling trailer orders “tremendous for the second month in a row,” giving a total for October of 53,000 units.
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Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.
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October Class 8 orders were above 40,000 units for the eighth month in a row, but two different companies reporting the data put rather different spins on their analysis of the numbers.
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Record-setting orders for new Class 8 trucks are apparently not creating a used-truck glut, if used-truck prices are any indication. However, the growth in prices is expected to slow.
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Total trailer net orders of more than 58,000 units were up 52% month over month – and 135% better than this time last year, according to ACT Research.
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In its latest For-Hire Trucking Index Report, ACT Research found downticks across each of the volume, productivity and capacity results, though freight rates have improved since August.
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According to ACT Research, North American Class 8 net orders dropped sequentially in September, but they continue to grow year over year.
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