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Early reports are showing that heavy-duty truck orders likely dropped as much as 12,000 units from March to April, but despite that being the largest single-month decline since 2011, analysts are still calling the market for Class 8 equipment hot.
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Truck orders in the first quarter of 2018 hit the second highest mark in history and mark the best period for orders since 2006, according to ACT Research.
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Preliminary data on heavy and medium duty commercial truck orders shows that the industry has surpassed 70,000 units in March, according to ACT Research.
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Mack Trucks senior vice president of sales and marketing, Jonathan Randall spoke about the current North American Heavy Truck Market with Equipment Editor Jim Park at the 2018 Mid-America Trucking Show.
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FTR has increased its Class 8 and trailer order forecasts as a result of increased demand for equipment caused by what the research firm calls a "capacity crisis."
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Class 8 truck orders have surpassed expectations in February, at 40,200 units for the month, according to preliminary reports from FTR and ACT Research.
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Orders of medium-duty vehicles surged in January and reached their highest level since the middle of 2006, according to ACT Research. Class 5 to 7 orders increased 39% during the month compared to January of 2017.
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Class 8 truck orders soared in January to their highest level since 2006, according to early reports from transportation analysts at ACT Research and FTR.
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North American Class 8 truck orders rose to a 37-month high in December, signaling a healthy market going into 2018.
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Heavy- and medium-duty truck orders are expected to total 58,800 units in December, hitting a 3-month high to end the year, according to early numbers from ACT Research.
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