* New York - Orders reach second-lowest level since 2012 as trucking companies remain wary of weak industrial shipping demand
-- Orders for new big rigs plunged in January, as trucking companies eyeing weak shipping demand held back from investing in fleets... Just 18,200 new trucks were ordered last month, down 48% from a year earlier and marking the second-lowest monthly total since 2012, ACT Research said Wednesday. The data dashed equipment makers’ hopes that relatively strong December orders would carry over into the new year... Instead, trucking companies are canceling expansion plans and postponing trade-ins for their older vehicles. They fear that new trucks will sit idle if lower-than-expected retail sales over the holidays and signs of contraction in the manufacturing sector translate into a sluggish freight market this year...
(PHOTO: BLOOMBERG NEWS - An International DuraStar truck from Navistar International Corp.) -- NY, USA - The WSJ, by BRIAN BASKIN - Feb. 3, 2016Labels: truckmakers news USA
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