Class 8 net orders reach new high for 2010
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.”
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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.