U.S. Trucking Companies Slash Fleets Amid “Tepid Shipping Demand”
by Tyler Durden
ZeroHedge.com
Oct 31, 2016
For months now we have been writing about the collapse of class 8 truck orders. For the month of September, net class 8 orders were down 16% YoY while LTM orders were down a staggering 41%. In fact, the level of trailing 12-month net orders is the lowest since January 2011 with YoY changes now in negative territory for 19 consecutive months.
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