Hauling Industry News
Class 8 Orders Spike in October
Preliminary net Class 8 orders for October, typically a bellwether month, were nearly 40,000 and the highest in 24 months, ACT Research reported.
The total, which OEMs will update later with final data, reached 38,900, compared with 21,864 a year earlier, according to ACT. It was the most since October 2018, when orders reached 43,256 during that record year when 490,000 were ordered.
“What we saw was kind of the normal seasonal spike that is becoming relevant again. OEMs probably all have their books open for next year’s equipment. And I think you saw the big fleets coming in and negotiating their trade packages for the year,” ACT Vice President Steve Tam told Transport Topics.