Class 8 truck orders posted a respectable 33,000 units in November. But they fell for a second consecutive month after record bookings in September. Supply chain issues, growing backlogs and a slowing economy are likely to prevent big monthly orders in the near term.
Orderbooks are fully open. Pent-up demand for new equipment remains strong. And carrier profitability creates a willingness to spend on equipment, said Eric Crawford, ACT Research vice president and senior analyst.
“We continue to...
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