Preliminary orders for Class 8 trucks plummeted to a 25-year low in April, the first full month of the coronavirus pandemic that impacted wide swaths of the economy, including new truck production.
ACT Research reported 4,100 orders of new tractors for the month, 72% below the same month a year ago and down 46% from March. ACT said it was the lowest month since September 1995 when, after accounting for cancellations, net orders were negative.
FTR Transportation Intelligence reported a preliminary...
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