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

Not surprisingly, the December 31, 2015 deadline for freight railroads to install Positive Train Control (PTC) technology on 40 percent of its network, as per a mandate from the Federal Railroad Administration will not be met. That was the chief takeaway of a report from the Association of American Railroads.

When the Warehousing Education and Research Council (WERC) convenes for its annual conference in Chicago next week, they’ll be visiting the nation’s largest inland port.

The newly created and expanded alliances of P3 and G6 will certainly review and revise port calls, but the shift in initial deployments will be subtle, says Neil Davidson, senior analyst of ports and terminals for Drewry Research.

“U.S. Port Update: Investing in the Future” will feature a panel of three industry leaders from the East Coast, Gulf, and West Coast discussing their relative challenges and opportunities.

Zebra gains instant access to complimentary technologies. But first, it needs to integrate a former partner that is 2-1/2 times its size.

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA