How much of the strength is pre-tariff purchases? How much of the talk of weakness is “on the other hand” economics?
Deutsche Post DHL Group (XETRA: DPW) has taken a new approach to recruiting driving in Europe: offering to rotate them out of driving roles. Following a record-setting September, fleets continued to order trailers at near-record rates in October.
If the trucking market is nearing a peak, it isn’t showing up in the order books of truck OEMs.
North American Class 8 net orders came in around 42,800 units in September, falling 19 percent from August’s 53,069 units, according to preliminary data released by ACT Research.
Total trailer net orders came in at over 38,000 units in August, representative of a 31 percent increase month-over-month and a staggering 142 percent increase year-over-year.
It also marks the sixth time in eight months NA Class 8 net orders topped 40,000 units, according to ACT Research.
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The monthly numbers of ACT and FTR on class 8 builds set new records; a Goldman Sachs report tries to measure the number of scrubbers that will be used for meeting IMO2020 standards.
ACT Research’s preliminary estimate for July net trailer orders came in at 29,300 units, making last month the strongest July in industry history.
So much for the summer doldrums. New truck orders, which typically take a dip in the summer months as both carriers and OEMs reset for the fall, hit a new all-time high in July, according to the latest data from ACT Research.
North American Class 8 truck orders have soared to an all-time high, according to preliminary data from May.
Truck sales, indices, stock price projections: all are looking bullish
What exactly is going on with all these truck orders? ACT Research reported that January Class 5-8 preliminary orders came in at a surprising 80,400 units. Class 8 orders alone accounted for 48,700 units, their best month since March 2006.
