WEB Notes: First it was shipping routes slowed down, then trains and now trucks…
Orders for large trucks fell for the fourth consecutive month in April, and are likely to stay low through the summer as trucking demand continues to be weak, according to research group FTR.
Last month, trucking fleets ordered just 13,500 Class 8 trucks, the big rigs used on long-haul routes, down 16% from March and 39% from a year earlier. It was the fewest net orders in any April since 2009, FTR said.
Source: Truck Orders Fall in April – WSJ