Orders for Class 8 trucks, the type used on long-haul routes, rose 39% in June from a year ago, according to ACT Research. That was a 7% improvement from May, when truck orders retreated after several stronger-than-expected months, and up 39% from a year ago. The flow of new truck orders tends to be weakest in the summer months, with the biggest trucking companies bulking up orders in October and November. Kenny Vieth, a senior analyst with ACT, said rising consumer confidence and talk of new infrastructure spending under the Trump administration helped drive growth in truck orders early in the year. “Usually you get the freight, then the freight rates, then the truck orders,” Mr. Vieth said.

Source: Wall Street Journal July 06, 2017 18:56 UTC