COLUMBUS, Ind. — Heavy-duty truck net orders once again posted strong gains in May, according to the latest report from ACT Research.
ACT’s latest State of the Industry: Classes 5-8 Vehicles, reported that Class 8 truck orders surged 84% in May 2010 compared to last May.
More than half those orders are scheduled for delivery in the third quarter, ACT reports, suggesting fleets are looking to get those trucks into service before the busy fall shipping season.
Medium-duty orders grew 33% over May 2009, boosting year-to-date growth 18%, ACT reported.
“For a third consecutive month, the Class 8 data were solid from top to bottom in May,” said Kenny Vieth, partner and senior analyst with ACT. “With strong freight growth continuing to absorb excess capacity, trucker profits should soon follow. While there are still hurdles to clear, including used equipment prices and credit availability, the pendulum is swinging in favor of new truck demand.”
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