Feb heavy truck orders lowest in six years
NASHVILLE — North American class 8 total net orders for all major OEMs fell to 6,167 units in February, the lowest order rate in over six years, according to preliminary figures from transportation forecasting and analysis firm FTR Associates.
The figure includes orders for the U.S., Canada, Mexico and exports. February orders declined 21 percent from January levels and fell some 60 percent compared to February of last year.
Until February, orders had held up fairly well in recent months despite the rapid decline in freight. February’s low order activity highlights the already weak fundamentals in the market. Eric Starks, president of FTR Associates, commented that "we have been anticipating this slow-down in order activity for some time now and expect orders to drop to 5,000 units or below over the next several months."
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.