Semi truck orders drop
Heavy-duty truck orders sink below 14,000 in May, according to preliminary data from ACT and FTR. After several level months, Class 8 truck and tractor orders slipped in May to their lowest in six months due to ongoing supply chain concerns and a predicted annual dip heading into summer, according to two commercial vehicle market research firms that each released preliminary data. The first quarter of the year saw little variation in the number of heavy-duty truck orders, with numbers hovering around 21,000 per month, but activity has slowed leading into summer, “when orders tend to be seasonally weak,” Eric Crawford, ACT’s vice president and senior analyst, noted.
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