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PRICES - USA - Truck price hikes briefly stall orders
But sales will keep gaining in '05
NEW YORK,NY,USA -Todays'Trucking -May 23 2005: -- Preliminary Class 8 net new truck orders reported were down 23 percent this past March from February and 25 percent from March '04 -- the first year/year decline since May '03, says Bear Stearns analysts... Downtick could be due to price increases by some OEMs, modestly decelerating freight rate increases and modest softening of tonnage growth. Demand typically goes up when freight growth is accelerating and rolls over when freight growth is decelerating, the analysts note.
posted by Unknown @ 6:52 PM
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