by Mike ‘Mish’ Shedlock
Class 8, “heavy duty” truck orders are down 39% from a year ago.
[…] First, let’s take a look at the reports, then we will take a look at what this may mean for the economy.
Class 8 Truck Orders Plunge 39%
The Wall Street Journal reports Truck Orders Fall in April.
Last month, trucking fleets ordered just 13,500 Class 8 trucks, the big rigs used on long-haul routes, down 16% from March and 39% from a year earlier. It was the fewest net orders in any April since 2009, FTR said.