Trucking: Class 8 net orders rebound in December, says ACT Research

Coming off of November, which saw new orders for Class 8 trucks decline from October, data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles, showed that December rebounded in impressive fashion, with the second best order month in six years.

By ·

Coming off of November, which saw new orders for Class 8 trucks decline from October, data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles, showed that December rebounded in impressive fashion, with the second best order month in six years.

December Class 8 net orders increased to 30,293 units, said ACT, adding that on a seasonally-adjusted basis December represents the best month since April 2011.

“We think November’s drop in Class 8 orders was circumstantial, rather than fundamentally derived,” said Kenny Vieth, president and senior analyst at ACT, in a statement. “Part of the order drop in November was a significant spike in cancellations. To that end, part of December’s net order strength was a plunge in cancellations to their second lowest level in 2011.”

The final tally for November was 20,603 new orders and was very close to its estimate at 20,603 orders. But even with this decline, it noted that the demand situation for Class 8 vehicles remains favorable.

In a recent interview with LM, Vieth said that even with a down November, his firm remained pretty bullish on the underlying demand trends.

He added that even a slight improvement in volume or demand could spur a decent uptick in orders, too.

When asked how things were trending out order-wise for the month of December, Vieth said that visibility into that was not clear at that time, although he noted that because of the 100 percent bonus depreciation allowance for capital goods deduction, which expired at the end of 2011, things pointed to a good retail sales month for trucks in December.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
Finding Agility in your Workforce: Are you prepared to meet the next market shift?
Logistics companies need every advantage available to them to be a vendor of choice and remain competitive
Download Today!
From the April 2017 Issue
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management market, and in marked contrast to 2016, paints a rosier outlook for career placement and advancement.
Is Your Tractor Trailer Yard a Black Hole?
Information Management: Wearables come in for a refit
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Maximize Your LTL Driver Adherence with Real-time Feedback
This webinar shows how companies are using real-time performance data to optimize the scheduling of their city fleets, as well as the routing of their standard, accelerated and time-critical shipments.
Register Today!
EDITORS' PICKS
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...

ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...