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With strong demand for comemrcial trucks, especially by a strengthening construction sector, Mack Trucks now forecasts 325,000 Class 8 units this year.
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In its latest Freight Forecast, ACT Research maintained its view that truckload and intermodal rates will fall this year due to overcapacity and weak freight demand.
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Preliminary Class 8 orders in July were around 10,000, as reported by ACT Research and FTR, the lowest since 2010 without seasonal adjustments.
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It’s no secret that orders for Class 8 trucks have been in decline this year, but May is projected to hit new lows, according to preliminary reports from FTR and ACT Research.
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Decreasing freight rates, sluggish demand and slow truck orders are all signs of a trucking industry that has finally hit the brakes on the 2018 economic boom.
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March Class 8 truck orders fell once again, falling below the 20,000 unit threshold for the third consecutive month.
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Truck age is an important factor in total cost of ownership/life cycle cost calculations. The longer you keep a truck, the more it costs in maintenance and repairs.
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Spec’ing and maintaining trucks for the best total cost of ownership is a tricky balancing act to master. Achieving the optimal total cost of ownership means weighing the benefits of every spec on a truck.
Read More →Reports from FTR and ACT Research confirm that Class 8 truck orders were down in February. However, the medium-duty Class 5-7 truck segment continued its solid upward trend.
Read More →Truck orders got off to a slow start in 2019 with early reports from industry analysts ACT Research and FTR tracking a 26% decline in January compared to December 2018.
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