TRUCK ORDERS * USA: Tumbled 46% in October
* Indiana - A key month for trucking companies to set fleet plans for 2017 offers a grim view for manufacturers
--- Orders for heavy-duty commercial trucks in North America plummeted 46% in October from the same month last year, providing a grim outlook for truck manufacturers in the coming year... In a month when fleets often set their plans for adding new trucks and replacing older rigs for the following year, market forecaster ACT Research’s preliminary order October volume was 13,900 vehicles, flat from September’s order volume and extending a trend of historic lows for another month... Trucking companies have held back upgrading or expanding fleets as shipping demand has remained weak amid tepid manufacturing growth and high retail inventory levels. The latest reports show freight volume and prices both declined into September, and large carriers including Swift Transportation Inc. and Werner Enterprises have pulled hundreds of trucks from the roads...
(PHOTO: BLOOMBERG NEWS - The steep decline since last year in orders for big rigs has led to layoffs at truck manufacturing companies. Above, a Volvo Trucks plant in Dublin, VA, USA) -- Columbus, IND, USA - The WSJ, by BOB TITA and LORETTA CHAO - Nov. 3, 2016
Labels: truck sales USA