Month after month, industry analysts report new Class 8 preliminary and net truck orders, snapshots of an industry in which peaks and valleys come about every two years of an economic cycle.
Preliminary orders don’t take into account orders that a fleet, or a manufacturer, might cancel for any number of reasons. Net orders, which follow the first cut by about 15 days, lock down a better read on what happened. The two numbers directionally correlate. Cancellations are a barometer of how customers...
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