class 8 orders

2018 was worse than 2020 for trucking

Chart of the Week: Outbound Tender Rejection Index – USA, DAT Longhaul Van Rate – National SONAR: OTRI.USA, DATVF.VNU

Anything that provides immediate, intense gratification typically comes at a high cost. The cost of the 2017-18 freight boom has lasted for nearly two years. Spot rates, which are a good measure of capacity fluctuations in the domestic trucking market, grew as fast as they ever have in 2017-18, culminating at a peak around the Fourth of July in 2018. Not only were volumes growing...

https://s29755.pcdn.co/news/2018-was-worse-than-2020-for-carriers

April Class 8 truck orders hit 25-year low

Truck hauling other trucks

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...

https://s29755.pcdn.co/news/april-class-8-truck-orders-hit-25-year-low

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