Monday, December 8, 2014
Big truck orders strong in November
Indicating an extremely strong truck market, North American Class 8 heavy-duty truck orders came in at 40,560 units in November 2014, according to preliminary data from research firm FTR.
This is the second straight month the Class 8 order numbers rose above 40,000, researchers say. November order activity, similar to October, was concentrated at a few truck makers, FTR said. The remainder fell short of October totals. Class 8 orders totaled an impressive 363,000 in the last 12-month period.
"The rare back-to-back 40,000 unit months in October and November is a result of fleets placing orders into the middle of 2015 to secure build slots due to tight production capacity in the economy and positive factors in the trucking sector are motivating fleets to place orders very early in this cycle," said Don Ake, FTR vice president of commercial vehicles confidence. "Trucking capacity remains tight and fleets continue to need more trucks. Orders may be weaker at the beginning of 2015, since some fleets have half of their expected 2015 requirements already in the backlog."
Over the past 12-month period, truckers ordered 363,000 Class 8 trucks, FTR found.
Class 8 trucks have a gross vehicle weight above 33,000 pounds, and include most tractor-trailers.
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