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PROGNOSIS * USA - ACT Projects Truck Sales Growth in Late 2010, 2011
Capacity reduction, bankruptcies to thin equipment pool, boost orders, research firm says
New York,NY,USA -The Journal of Commerce Online, by William B. Cassidy -Feb 12, 2010: -- A recovering economy and reinvigorated trucking industry will increase demand for heavy- and medium-duty trucks late in 2010 and in 2011, says ACT Research, Columbus, Ind... New truck orders are expected to fall in the first half of 2010, as many trucking operators ordered vehicles in the last half of 2009 in advance of the Environmental Protection Agency’s new emissions standards... Truck manufacturers will be busy churning out those vehicles, with production of Class 8 heavy trucks projected to rise 18 percent in the first half of the year, according to ACT... By mid-year, rising demand for truckload freight services will pressure carriers to order new equipment, especially if fleets jettison older units in the first half to limit capacity and improve pricing... More trucking bankruptcies and acquisitions are expected, as banks tighten lending agreements with weakened carriers, driving more capacity and older vehicles out of the business, ACT said... (Photo from blogs.cars)Labels: trucking markets prognosis
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