The Dangers of a Trucking Industry In Free Fall

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Class 8 Heavy Duty Truck Orders Plunge 79% In August Marking 10th Straight Month Of Declines

Every month, analysts are hopeful that Class 8 orders are on the verge of rebounding and every month so far in 2019, orders have continued to crash. Such was the case again in August, according to data supplied by Bloomberg and ACT Research.

According to Buckingham analyst Neil Frohnapple, preliminary Class 8 truck orders were down 79% in August to 10,900 units. 

Total Class 5-7 orders were 18,800 units for the period, marking a fall of 22% Y/Y, he also noted.

Frohnapple wrote in a note to clients: “Overall, Class 8 net orders were slightly below our expectations as we were anticipating net orders in the low- to mid-teen unit range for the month of August.”

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