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December Truck Orders Up 17%

Published Thursday, January 17, 2008

Class 8 orders were 21,835 in December, up 17% year-over-year (vs. up 9% year-over-year in November), according to A.C.T. December marked the third consecutive month of over 20,000 Class 8 orders. “Coming into the preliminary data, our sense was that some investors were expecting orders as low as 10,000,” Bear Stearns said. “Accordingly, we believe December’s orders were meaningfully better-than-expected -- particularly given the current freight environment.” Class 5-7 orders were 18,358 in December, 82% year-over-year (vs. up 44% year-over-year in November). “Our checks suggest that much of the strength seen in December was due ...

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