Importance of tracking Class 8 truck orders
Trucking rates are partly driven by capacity, which is very sensitive to small changes in supply and demand. If you want to understand capacity, it makes sense to follow new truck orders and new truck builds. New class 8 truck orders tend to correlate well with the trucking cycle. As the trucking industry heats up, […]
Why Class 8 orders are a lagging indicator of freight demand
Class 8 trucks, otherwise known as heavy-duty trucks, are the trucks that can haul more than 33,000 pounds and include all trucks that have a tractor-trailer. Demand for Class 8 trucks, reflected in monthly orders, is a function of buyers’ (carriers or leasing companies) ability and willingness to purchase new equipment. Both the carriers’ ability […]