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Big Rig Orders Rise as Trucking Outlook Brightens

Posted September 11, 2017

Under Economic Issues, Logistics & Supply Chain Issues

(Jennifer Smith – Wall Street Journal)

Heavy-duty truck orders accelerated for the third straight month amid growing confidence in the strengthening freight market.

Trucking companies in August ordered 21,200 Class 8 trucks, the big-rigs used to haul freight over long distances, according to a preliminary report from ACT Research. That was a 13% improvement from July, and a 49% gain compared to August 2016, when carriers were wrestling with a prolonged slump in demand.

Last month’s orders represented the best August performance since 2014, according to ACT and freight transport analysts FTR, which reported similar figures. Click here to read more.

Related: Navistar Sees Quarterly Profits for Second Time in 5 Years, Gains $37M in 2017 3Q (CCJ)