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Despite the record plunge in new-truck orders during the spring COVID-19 pandemic shutdowns, orders of Class 5 through 8 trucks closed out 2020 in near-record territory.
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ACT Research said that while overall trailer orders in the U.S. fell off in November, the market segment remains strong overall.
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November trailer orders were down from October but still double the same time last year. Find out what's driving this trend.
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Both ACT Research and FTR report robust Class 5-8 truck orders in November.
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While preliminary data shows that used Class 8 volumes dropped 10% month-over-month in October, they are still 10% up compared to the first 10 months of 2019, according to ACT Research.
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According to ACT Research, preliminary trailer data for October shows a total of 54,200 orders, up 6% from September and more than 68% higher than October 2019.
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According to separate ACT Research and FTR reporting, October’s preliminary North American Class 8 orders jumped to 38,900 units and 40,100 units, respectively.
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ACT’s most recent For-Hire Trucking Index shows a tight trucking market, with continuing increases in volume and rates, but with driver availability worsening.
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Trailer order saw another big leap in September, with net trailer orders increasing 82% over August with 51,208 units.
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Class 8 orders surged in September to the highest since October 2018, as a stronger than expected economic and freight recovery is giving fleets more confidence and spurring equipment orders.
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