- “It’s Probably Nothing”: January Truck Orders Collapse 48%
by Tyler Durden, www.zerohedge.com
Or, it could be something.
We have previously shown just how bad the situation in the US heavy trucking space – trucks with a gross weight over 33K pounds – was most recently in “US Trucking Has Not Been This Bad Since The Financial Crisis” in which we looked at November data and found, that “Class 8 truck net orders at 16,475, were 59% below a year ago and the lowest level since September 2012. This was the weakest November order activity since 2009 and was a major disappointment, coming in significantly below expectations. All of the OEMs, except one, experienced unusually low orders for the month.”
For those who missed the proverbial wheels falling of the heavy trucks, so to speak, the charts below do the situation justice: