(Roger Gilroy – Transport Topics)
North American Class 8 orders in January surged to the second-highest total ever, analysts reported, pointing to new tax breaks and high freight rates as the reason.
The orders were 48,700, according to ACT Research Co., which cited a preliminary total that it would revise once the truck makers issued the final data in mid-February.
The research company FTR pegged the January volume at 47,200.
In either case, both figures surpassed all other months except March 2006, when the total was 52,194. That period was when fleets rushed to order trucks ahead of more costly models coming in 2007 that reduced tailpipe emissions but were also less fuel efficient.
ACT cited recent tax reform as the most likely reason for the unexpected increase in orders by fleets of all sizes. Click here to read more.