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Net Class 8 truck orders fell once again in July, showing no signs of recovery in what is usually the weakest month for demand, according to ACT Research.
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Daimler Trucks North America plans to lay off an additional 115 workers at its Gastonia, N.C., components and logistics facility.
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It looks like July was another off month for Class 8 truck orders as industry analysts are predicting some of the lowest numbers since 2010.
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Volvo Trucks will lay off around 300 more employees later this year due to weaker truck demand in 2016, according to a report in The Roanoke Times.
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Class 8 truck order numbers have hit their lowest point in at least four years, with demand remaining depressed so far in 2016.
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A decline in orders of Class 5-7 trucks in May points to "some moderate slowing" in a truck market that has shown strength since late 2013, according to ACT Research.
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A "capacity imbalance" continued to affect the North American Class 8 tractor market, reflected in May North American commercial truck order numbers as reported by ACT Research.
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DTNA has announced a workforce reduction across its North American production facilities, laying off about 1,240 workers in response to sustained reductions in truck orders.
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Both heavy- and medium-duty truck orders are projected to have a subdued May, according to preliminary numbers from ACT Research and FTR.
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ACT Research characterized truck orders in April as "more of the same," as Class 8 orders fell 16% from the previous month and 39% compared to last year.
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