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Analyst -Canada - Slowing truck orders due to 'wait-and-see' mood
Toronto, Canada -Today's Trucking -Aug. 8, 2005: -- Recent slowing of freight tonnage growth can't be ruled out, but current softness in class 8 orders is likely due to seasonal dynamics and limited availability of '05 production slots, say analysts at U.S. economic forecaster Bear Stearns... Preliminary data puts May class 8 truck orders up 3.8 percent from April but down 4.1 percent from a year ago. Class 5-7 orders showed a better-than-expected 4.1 percent increase over May '04... Analysts told Heavy Duty Trucking that strength was driven mainly by bus orders. Decline in net orders for heavy trucks reflects customers' "wait & see" attitudes regarding prices being quoted by OEMs, says Frank Sheehan, VP of global sales, marketing and planning at Dana Commercial Vehicle Systems...
posted by Unknown @ 10:16 AM
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