Commercial vehicle orders continue to grow
Improving supply-demand balances in freight capacity is a primary factor in the on-going rebound of commercial vehicle orders, says ACT Research, a firm that tracks commercial vehicle trends.
ACT recently increased its 2010 order forecast for Class 8 trucks by 4,500 units, while year-over-year growth next year is projected to be 62%.
"The increase in our heavy-duty forecast is based on widespread strength in orders over the past few months," says ACT Senior Analyst Ken Vieth. "We are seeing improving orders across OEMs and geograhpies, confirming that the broader market has started the long process" of replacing trucks.