Transportation

N.A. Decline in Truck Orders Not Surprising preview image N.A. Decline in Truck Orders Not Surprising article image

N.A. Decline in Truck Orders Not Surprising

COLUMBUS and BLOOMINGTON, IN - Orders for both medium-duty and heavy-duty trucks in North America posted declines, according to two newly released preliminary reports, but the markets remain healthy. For the month of June, 34,600 Classes 5-8 vehicle orders were booked, down 14% from May and 17% less compared to June 2014, according to ACT Research. The commercial vehicle industry data provider said it believes the recent order decline is a reflection of meaningfully larger backlogs rather than any structural change in demand.