Heavy truck orders strongest in a year
NASHVILLE, Ind. — Net heavy-duty truck orders across North America totaled 10,758 units in August, the strongest showing since November 2008, according to a preliminary by FTR Associates.
The firm attributes the bump to a modest pre-buy in advance of new, more expensive EPA-mandated engines hitting the market in the New Year.
Activity for August was 19.9 percent better than the previous month and represents an annualized rate of 129,096 units.
Eric Starks, President of FTR said "FTR is cautiously optimistic about the increased August preliminary Class 8 net orders; however we believe some of the orders being placed are in response to 2010 EPA emissions requirements.
However, he added "we still expect any recovery in the transportation industry to be slow and bumpy through next year."
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