May Truck Orders Plunge 30%; OEMs Plan Additional Cutbacks
Class 8 truck orders in May plunged 30% year-over-year, two research firms said, underscoring two truck manufacturers’ recently announced plans to trim production for the second time this year.
June 13, 2016Orders for Commercial Vehicles Fell in May
North American orders in May for new Class 8 trucks fell 31% year-over-year as overcapacity, low late-model used-truck values and weak freight volumes continued to restrain demand, ACT Research Co. reported.
June 3, 2016Class 8 Orders Tumble 39% in April
Class 8 truck orders tumbled 39% year-over-year in April, reaching a seven-year low for the month, in the midst of a weak freight environment, slumping used-truck prices and overstocked dealer lots, two consulting firms reported.
May 4, 2016March Trailer Orders Decline 36%
U.S. trailer orders in March fell sharply year-over-year to the lowest point since July 2013, but earlier orders remain in place, analysts said.
May 2, 2016Trailer Orders Top 13,000, Off 39% Year-Over-Year
U.S. net orders of trailers hit 13,800 in March, down 39% year-over-year as all but dump trailers showed weakness, while backlogs remained solid, research firm FTR said.
April 21, 2016Factory Orders Drop in February in Latest Sign Economic Growth Slowed in First Quarter
New orders for U.S. factory goods fell in February and business spending on capital goods was much weaker than initially thought, the latest indications that economic growth slowed further in the first quarter.
April 4, 2016Class 8 Truck Orders Drop 48%
January’s Class 8 North American orders just cleared 18,000, down 48% year-over-year but within expectations as fleets’ ordering patterns shifted into a more typical range, analysts said.
February 8, 2016US Manufacturing Contracts in January for a Fourth Month
Manufacturing in the United States shrank in January for a fourth consecutive month as businesses cut staffing plans. Growth resumed in new orders and production, indicating some stabilization in the industry.
February 1, 2016Trailer Orders Fall 11% in 2015, But Shipments Set Record
U.S. trailer orders for 2015 fell 11% compared with 2014 to slightly more than 315,000, but shipments of trailers hit an all-time high as they climbed to more than 300,000, ACT Research said.
January 22, 2016November Trailer Orders Climb 10%, Driven by Big-Fleet Demand
Net orders in November for new truck trailers were the third-highest of all time as large fleets sought replacement units and continued a solid order season, ACT Research Co. reported.
January 4, 2016