(Sean Kilcarr – Fleet Owner)
Class 8 orders in October exceeded analyst expectations by a wide margin and indicates that, as long as freight volume and the broader U.S. economy hold up, conditions are setting up for strong heavy-duty truck production volumes through the end of the decade.
According to data track by consulting firm ACT Research, North American Class 8 net orders “significantly surpassed expectations,” reaching 36,200 units, which is 60% higher compared to September and 160% higher compared to October of 2016.
Research firm FTR Transportation Intelligence reported similar numbers, with its data indicating preliminary North American Class 8 net orders hit the 35,700 unit mark, which is a month-over-month increase of 62% versus September and a year-over-year increase of 167% compared to October of last year. Click here to read more.