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Stock impact report

Class 8 truck orders tumble in March [Seeking Alpha]

PACCAR Inc. (PCAR) 
Last paccar inc. earnings: 1/28 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: paccar.com/investors
Company Research Source: Seeking Alpha
Complete industry data for March, including final order numbers, will be published by ACT Research in mid-April. ACT Research noted that March marks the first month since May 2023 for seasonally adjusted activity below 20,000 units. "Nascent improvements in the freight market and select OEMs' efforts to smooth demand, notwithstanding forced conservatism among a portion of the truck buying populace, capped Class 8 order activity in March," updated ACT Vice President and Analyst Steve Tam. "While we will have to wait for the details of the month's order volumes, logic suggests waning demand for tractors in the market retrenched in March," he added. Sector watch: PACCAR ( NASDAQ: PCAR ), Allison Transmission ( ALSN ), Cummins ( NYSE: CMI ), Wabash National ( NYSE: WNC ), Eaton ( ETN ), Daimler Truck ( OTCPK:DTRUY ), Volvo Group ( OTCPK:VOLAF ), J.B. Hunt Transport Services ( JBHT ), TuSimple ( TSPH ), Nikola ( NKLA ), Hyliion Holdings ( HYLN ), and the iShares Transportation Averag Show less Read more
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