North American February semi-truck orders soar 76 percent: analyst [Reuters]
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Source: Reuters
North American February semi-truck orders soar 76 percent: analyst | Reuters 3 Min Read DETROIT (Reuters) - North American orders for Class 8 semi-trucks jumped more than 76 percent in February as trucking companies rushed to add capacity in a tight U.S. freight market, FTR, a company that tracks the industry, said on Sunday. Preliminary orders in the United States, Canada and Mexico for the big rigs that haul freight along North American highways hit 40,200 trucks, up from 22,886 in February 2017, the second consecutive month that orders exceeded 40,000 units. “The capacity crunch is transforming into a capacity crisis and many fleets of all sizes, in all markets, across the country are scrambling to add trucks as fast as they can,” Don Ake, FTR vice president of commercial vehicles, said in a statement. Many rail and truck freight customers are grappling with how to defend their profit margins as transportation costs climb at nearly double the inflation rate. FTR said the ongoing cr
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