Truck News

News

August truck orders good, but slow economic growth limiting Class 8 demand: ACT

COLUMBUS, Ind. -- Final numbers are in and August was a good month for Classes 5-8 truck orders, ACT Research reports.


COLUMBUS, Ind. — Final numbers are in and August was a good month for Classes 5-8 truck orders, ACT Research reports.

However, the industry forecaster said a lack of sustained economic growth is proving to be a drag on Class 8 demand, and build expectations have been curtailed over the past two months. Orders continue to be placed with short lead times, ACT reported.

“An added short-term challenge for the economy is the upcoming budget and debt ceiling negotiations in Congress,” said Kenny Vieth, president and senior analyst at ACT Research. “Heightened political uncertainty leads to corporate risk aversion. Until Congress works through these issues, business investment is likely to be cautious.”

For the medium-duty sector, strong orders in August coupled with a pullback in production pushed the backlog/build ratio to its highest level in nearly two years at 2.6 months, ACT says.


Truck News

Truck News

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

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*