order cancellations

Trailer bookings hit seasonal low in June awaiting ’24 orders

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Trailer orders sank in June to their lowest of the year, but seasonality was a bigger factor than a...

https://www.freightwaves.com/news/trailer-bookings-hit-seasonal-low-in-june-awaiting-24-orders

Won’t get fooled again: Truck manufacturers avoid overbooking Class 8 orders

Workers mate an egine to a chassis at Navistar plant in San Antonio

Class 8 truck manufacturers are trying to avoid a repeat of canceled and retimed orders in 2021 by slowing Class 8 order intake to a trickle and matching builds to the visibility they have into availability of semiconductors and other hard-to-get parts in an ongoing supply chain crisis.

Underlying demand vastly outpaces the number of preliminary orders tracked in March by ACT Research and FTR Transportation Intelligence, the two firms that get real-time order data from major manufacturers. ACT...

https://www.freightwaves.com/news/wont-get-fooled-again-truck-manufacturers-avoid-overbooking-class-8-orders

Truck order cancellations spike, but not for lack of demand

Anecdotal reports of Class 8 truck orders being canceled started gaining currency in October. Now, the statistics are bearing out the stories. Manufacturer-spiked orders for the past two months are the highest in more than a quarter of a century.

“Between this month’s cancellations and the restatement of October’s volume, we have to go all the way back to Q3 1995 to find a month, or two, to rival current cancellation volumes,” said Kenny Vieth, president and senior analyst at ACT Research.

The...

https://www.freightwaves.com/news/truck-order-cancellations-spike-but-not-for-lack-of-demand