COLUMBUS, Ind. –Class 8 net orders reached their highest levels of the year in June, posting a 93% increase over June 2009, according to the latest figures from ACT Research.
In its latest State of the Industry: Classes 5-8 Vehicles report, ACT said 15,999 net orders were placed for Class 8 vehicles, a 21% increase over May of this year. Net orders of Classes 5-7 trucks were also impressive, increasing 74% over last June.
Year-to-date, Class 8 net orders are up 50% with medium-duty net orders up 26%, ACT reports.
“Early second quarter reports from publicly-traded truckload carriers confirm the improving freight transportation environment, as revenues and profits are up significantly from 2009,” said Steve Tam, vice-president with ACT. “Overall orders are still below normal replacement levels, but momentum is building as trucker profitability improves.”
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News