* USA - Class 8 truck demand to improve next year
Columbus,OH,USA -Truck News (CAN) -Oct 26, 2010: -- An annual fleet study conducted by CK Commercial Vehicle Research in the US indicates there will be strong demand for Class 8 trucks in 2011... The fleet survey shows a 47% increase in the number of fleets who plan new Class 8 and medium-duty power unit purchases in 2011 compared to those who planned to buy in 2010... The survey included 68 representatives from US fleets operating a total of 45,000 Class 8 and 12,000 medium-duty trucks... (Image from supposeudrive: Refrig Truck Fleet)
* Canada - Is Ontario fleet optimism wavering?
Toronto,ONT,CAN -Truck News -29 Oct 2010: -- The majority of Ontario fleets responding to the Ontario Trucking Association's Q4 Business e-Pulse Survey are still optimistic, but some are less optimistic than they were just three months before... The Q4 survey of 70 Ontario carriers shows 62% of respondents are optimistic about the trucking industry's prospects for the next three months, an 11% drop compared to the Q3 survey... More than a quarter of respondents said they were "unsure" what the fourth quarter would bring. The OTA says optimism may have peaked in the last quarter for the time being as economic growth slows to a crawl... Sixty per cent of fleets surveyed said their freight volumes have increased compared to a year ago with 21% reporting increases greater than 10%. However, a softening of freight growth has been noted in the second and third quarters... Just 36% of fleets reported southbound US freight volumes had improved over the past three months, making the southbound market the "weak link" in terms of volumes, the OTA reported. Of the four markets examined (southbound, northbound US, intra-Ontario and interprovincial), southbound freight growth is the weakest. In fact, 21% of fleets reported southbound volumes had decreased over the past three month... Fifty-four per cent of fleets said they will be hiring company drivers in the next three months, up 10% from the last quarter. Forty-two per cent said they will add owner/operators. Most fleets, however, will not be adding to their net fleet size. Just 44% of fleets indicated they would be adding tractors to their fleet... (Photo from irwinloy: Mail delivery trucks courtesy of the kind folks at Canada Post)Labels: market prognosis, trucks sales
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