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Class 8 truck orders hit a high point for 2019 in October; however, in what is traditionally a great month for truck orders, that performance marked the weakest level since 2016, according to preliminary reports.
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Class 8 truck sales hit an all-time high last month, but other important metrics seem to be indicating an imminent downturn.
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August data from ACT Research's For-Hire Trucking Index show a pull back from July’s surprising and anomalous surge and a forecast for continued negative conditions until 2020.
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“With 2020 [trailer] order boards fully open, the dramatic lack of fleet interest continues to astound."
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With another tariff on imported goods from China expected on Dec. 15, pre-tariff shipping to build inventories may be responsible for a recent uptick in freight.
Read More →Early reports on Class 8 truck orders for the month of August show a modest increase compared to July, but as manufacturers open up slots for 2020, it seems that fleets are in no hurry to fill them.
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New trailer orders in the U.S. recovered somewhat from an anemic June, increasing 22% month over-month and showing the first sequential month-to-month increase in nine months, according to ACT Research.
Read More →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.
Read More →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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Used Class 8 same dealers sales were down 10% in June and prices remained essentially flat, but this used truck dealers say that at current levels, sales and prices are still strong, according to ACT Research.
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