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Surge in Class 8 truck orders a sign that US economy is picking up: analysts

Wednesday, August 9, 2017 - 05:50

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Class 8 truck orders at Navistar International Corp were up 32 per cent in July from the previous year. Growth in housing and residential construction, plus increasing consumer purchases, are contributing to greater demand for the goods that Class 8 trucks transport.

Southfield, Michigan

ORDERS for semi trucks are rebounding after an almost two-year long slump, a positive sign for a US economy that's having growth crimped by sluggish passenger car sales.

Preliminary net orders for Class 8 trucks - which weigh in at more than 33,000 pounds -

sentifi.com

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