* Indiana - Heavy-duty truck orders tumbled 31% in May
--- Weak freight demand has trucking companies trimming fleets, vehicle factories laying off workers... Trucking companies ordered fewer new big rigs in May than they did a year ago, reflecting concerns that freight volumes will stay low heading into the peak shipping season... The industry ordered 14,300 Class 8 trucks, the type used on long-haul routes, extending a deep slowdown this year. The figure was down 31% from the same month in 2015, though up more than 4% from April, according to ACT Research... The trucking industry went on a vehicle buying binge in 2014 and 2015, and many companies are now struggling to find enough freight to fill their expanded fleets. Most large trucking companies have said they will sharply reduce purchases of new trucks until the market shows signs of improvement. Orders typically see a lull in May, but were still well below the 18,000 to 19,000 new vehicles per month needed just to replace aging and damaged trucks, analysts said... A turning point may be some time off, analysts say...
(PHOTO: BLOOMBERG NEWS - Employees install engines onto truck chassis at the Mack Truck Inc. cab and vehicle assembly plant in Macungie, Pa.) -- Columbus, IND, USA - The WSJ, by BRIAN BASKIN - June 3, 2016Labels: truckmakers news USA
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