May Truck Orders Rise 14%

Class 8 truck orders climbed 14.2% in May from a year earlier, ACT Research reported, providing analysts further evidence a gradual expansion of the nation’s truck fleet is under way, Transport Topics said.

North American truck makers received about 25,900 net orders last month, up from 22,688 in May 2013, Transport Topics reported, citing ACT’s preliminary data. May’s intake also rose 4.3% from the 24,831 orders placed in April.

“We’re starting to hear dealers and even carriers talk about fleet expansion,” ACT vice president Steve Tam said. “They’re whispering when they say it, but nonetheless we’re starting to depart from replacement only. Any growth is going to be cautious, but I think we’re to that point.”

Through five months, orders stand at 141,984, up 25.3% from the 113,292 booked during the same timeframe last year. Last month’s total also was the highest level for May since 2006, when manufacturers booked 29,397 orders, according to Transport Topics.

To read the full Transport Topics report (subscription required), click here.

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