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May 7, 2012

TRUCKING MARKET PROGNOSIS * USA

* Class 8 truck order rate dipped in April 

New York,NY,USA -Fleet Owner, by David Cullen -May 4, 2012: -- Slip in truck orders may portend little ill for trucking...  (or...) Truck order rate may have simply gotten ahead of itself... Net orders for Class 8 trucks fell in April, but it’s debatable whether that reflects poorly on the state of the ongoing recovery of the truck market... ACT Research Co. LLC related yesterday that net orders for North American Class 6-8 trucks for April were down from the month before. ACT predicted that the final numbers, which will be released in mid-May, will approach 17,200 units for Class 8 trucks and 8,600 for Class 6-7 vehicles... Today, research firm FTR Associates released preliminary data showing an even lower number than ACT’s expected figure for North American Class 8 truck total net orders in April. FTR pegged the order level at just 16,877 units— and stressed that it is “the lowest number since September 2010 and 55% below the same month a year ago” ... But trucking analyst Chris Brady, president of Commercial Motor Vehicle Consulting, contends that truck orders have slipped because they “got ahead of themselves.” In his view, that trend started thanks to tax elements of the federal stimulus package that fleets took advantage of last year...

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