Here we go again. Orders for new Class 8 trucks are surging like they did after tax cuts in 2018. This time, however, consumer-driven demand for stay-at-home goods during the pandemic is prompting carriers to pull forward equipment orders that would typically be placed later.
Household spending on goods and services rose 1.4% in September, according to the U.S. Commerce Department.
Buyers of new and late-model used trucks are both shopping, even as uncertainty surrounding a new wave of...
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