Thursday, November 4, 2010

October new truck orders up 22%

NASHVILLE, IN -- FTR Associates has released preliminary data showing October Class 8 truck orders up 22% over September’s figures, the third consecutive month-to-month increase. FTR says the new data is in line with their current forecast of modest demand for new trucks in 2011.

FTR president Eric Starks said, “Based on comments we've heard from fleets about disappointing October freight demand, there is some downside exposure to November orders with fleets not yet comfortable enough to invest in new power units.”