Subscribe to our free, weekly email newsletter!


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

By Jeff Berman, Group News Editor
January 20, 2012

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 headshot
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. .(JavaScript must be enabled to view this email address).


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!

Recent Entries

While shippers ready themselves for the long Labor Day weekend, we’d like to remind them that new security and compliance regulations are - as always – looming ahead.

United States Class I carloads were down 56,104 carloads–or 4.6 percent annually–at 1,115,957 in August, and intermodal containers and trailers were up 3.6 percent--or 38,617 units- at 1,114,370.

A new report from Chicago-based freight transportation and logistics consultancy CarrierDirect released this week examines current freight market conditions and what logistics and supply chain stakeholders need to do and know in order to stay one step ahead of the competition.

You’ve heard the old saying, it was the best of times, it was the worst of times. Rob Handfield sees this as the best of times for procurement professionals, who have an opportunity to deliver real value to their organizations

While core metrics were down from a very impressive July, the August edition of the Non-Manufacturing Report on Business from the Institute of Supply Management (ISM) was still very strong.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA