18-wheeler or­ders jump 39% in June

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM - — Dal­ton LeFer­ney

A re­bound in June of long-haul truck or­ders has an­a­lysts and econ­o­mists scratch­ing their heads.

Com­pa­nies na­tion­wide or­dered 18,100 Class 8 trucks, the big 18-wheel­ers used for long dis­tance and high-vol­ume ship­ments, a 39 per­cent in­crease from the same month last year, and up 1,200 units from May 2017.

Kenny Vi­eth, pres­i­dent and se­nior an­a­lyst for ACT Re­search, said the uptick is a sign of con­sumer con­fi­dence fol­low­ing the elec­tion of Pres­i­dent Don­ald Trump, who has called for rene­go­ti­a­tions of trade deals and in­creased in­fra­struc­ture fund­ing.

The or­ders are com­ing from smaller com­pa­nies, not the large com­pa­nies that usu­ally or­der in the fourth quar­ter, in prepa­ra­tion for the up­com­ing year.

With so much volatil­ity in re­tail mar­kets — in­clud­ing high in­ven­tory rates — Vi­eth said he and his col­leagues were “sur­prised by the strength” of the Class 8 or­ders.

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