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 […]
