Preliminary new Class 8 truck orders in North America rose 139% in June over May, following rebounding freight rates to set a four-month high. But industry experts do not expect a sustained comeback until later this year.
The 16,000 orders more than doubled combined bookings in April and May. That’s when shelter-in-place regulations led to a near collapse of the economy. Orders exceeded the same month a year ago by 23%, according to ACT Research,
“North American Class 8 net orders were up against...
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