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Trucking investors ‘pre-buying’ the pre-buy: Bear Stearns
NEW YORK -- As expected, class 5 to 8 new truck orders remain weak in North America. Builds are down 35 percent in April from the same period last year, which at this time was experiencing the height of the pre-buy, spurred by customers looking to buy equipment in advance of new, more expensive EPA-mandated engines in 2007.
