Commercial Trucking Equipment Orders Stay Strong
Equipment orders in the trucking industry continue to be strong, signifying a continued much needed improvement in the trucking industry. Net orders of heavy-duty commercial vehicles were up 15 percent in August 2010 from August of 2009, according to ACT Research Co. (ACT).
“The summer months tend to be seasonally low order months for Class 8 vehicles, but this summer has seen a stabilization of orders at a more material rate compared to the trough of 2009,” said Steve Tam, vice president-commercial vehicle sector. “Net orders were especially strong for the Mexico market, likely due to increased manufacturing and trade. It is possible Mexico is benefiting from some ‘re-shoring’ of manufacturing that previously occurred overseas.”
Net orders of medium-duty classes of commercial vehicles also increased by 27 percent in August compared to the prior year.
These key industry indicators demonstrate the continued recovery of this vital industry, and are hopeful sign of overall economic recovery. There are a variety of new trucking jobs as a result of the positive growth in this industry.