The fundamentals that support heavy-duty commercial vehicle demand continue to signal the start of an up-cycle for the market, according to ACT Research Co.
Net orders for Class 8 vehicles continued to surge in January and, despite a modest falloff, commercial trailer orders remained strong. Continued strong demand for equipment indicates trucking fleets are ramping up replacement of vehicles, which has largely been deferred the past two years.
The latest release of the ACT North American Commercial Vehicle Outlook, shows a continued economic recovery supporting the current order trajectory.
“The initial wave of data for February reinforces our assessment of the January figures and enhances our belief that a self-sustaining recovery is underway in the USA,” said Sam Kahan, ACT’s chief economist. “We expect 2011 real GDP growth to average 3.5% on a year-over-year basis; this is toward the upper end of the forecasters range.”
More info: www.actresearch.net
Printer Friendly Version
Email This Story
RSS
Supplier News: Related News
3/11/2011 – Strong Commercial Vehicle Order Intake Reiterates Current Market Strength
The fundamentals that support heavy-duty commercial vehicle demand continue to signal the start of an up-cycle for the market, according to ACT Research Co….
More
3/10/2011 – NPR Gas Re-enters Production April 18
Isuzu says its NPR Gas low-cabover-engine truck will return this spring by way of an assembly agreement with Spartan Motors….
More
3/10/2011 – Navistar Reports 1Q Profit, Before Engineering Integration Costs
Navistar International Corp. reported adjusted net income for the first quarter ended Jan. 31, 2011, totaled $12 million, equal to $0.16 diluted earnings per share, excluding the impact of costs to integrate its truck and engine engineering operation….
More
3/9/2011 – Dow Kokam to Power Plug-in Hybrids/Electrics
Dow Kokam, a large-format battery system producer, has signed two new agreements to provide lithium-ion battery solutions to power medium-duty plug-in hybrid electric and fully-electric trucks designated for fleet operations….
More
2/23/2011 – Navistar, Ecomotors International Reach Development Agreement on Groundbreaking Engine Design
Navistar International Corporation today has announced a development agreement with EcoMotors International in support of that company’s opoc (Opposed Piston-Opposed Cylinder) engine architecture….
More
2/22/2011 – Fleet Brake acquires McCoy Parts and Service
Fleet Brake has acquired the wholly-owned subsidiary, 1527490 Alberta Ltd., operating as “McCoy Parts Service” from the McCoy Corporation….
More
2/21/2011 – HDA Truck Pride to Host First Annual Membership Meeting in April
The newly-merged marketing group, HDA Truck Pride, will host its first annual membership meeting in Las Vegas, April 13-17….
More
2/16/2011 – Eaton Hybrid System to Power Fuel Efficient School Bus
Eaton Corporation will supply a hybrid electric power system for Navistar’s IC Bus brand school buses….
More
2/16/2011 – Rand McNally Receives Women’s Business Enterprise National Certification
Rand McNally has received national certification as a Women’s Business Enterprise (WBE) by the Women’s Business Development Center-Chicago Certification Committee — a regional certifying partner of the Women’s Business Enterprise National Council….
More
2/15/2011 – Bergstrom Offers Webasto Air Top 2000 ST Heater with NITE System
Bergstrom Inc. and Webasto Product North America announced that the Webasto Air Top 2000 ST is now available with Bergstrom’s family of battery-powered NITE no-idle systems….
More
2/15/2011 – DTNA Ramping Up Production in North Carolina; Plans to Hire 628
Daimler Trucks North America (DTNA) today announced that it plans to add 628 new positions in its Mt. Holly and Gastonia manufacturing plants to accommodate rising customer demand and expanding production schedules….
More
2/14/2011 – TWNA Announces Finalists for 2010 Technical Achievement Award
Truck Writers of North America named four finalists for their 2010 Technical Achievement Award during the Technology Maintenance Council’s annual meeting in Tampa last week….
More
2/14/2011 – Slagle Undercover Episode to Air Sunday, Feb. 20
According to CBS, that the episode of Undercover Boss featuring Mack Trucks, Inc. and its President CEO, Denny Slagle, will be broadcast Sunday, Feb. 20 at 9:00 PM ET/PT. …
More
2/14/2011 – Qualcomm Acquires Sylectus
Qualcomm Incorporated has announced that through its subsidiary Qualcomm Canada, Inc., it has acquired the holding company of GPSNet Technologies, Inc. which operates Sylectus, a provider of advanced fleet management software for smaller transportation companies….
More
2/14/2011 – Heavy Duty Trucking Announces 2010 Top 20 New Products
Heavy Duty Trucking and Truckinginfo.com are pleased to announce the winners of the Top 20 Products for 2010….
More
2/14/2011 – RIT and Caterpillar Partner to Enhance Green Manufacturing and Remanufacturing
Rochester Institute of Technology and Caterpillar Inc., have entered into a partnership to increase the implementation of sustainable processes in manufacturing and to enhance green industrial development….
More
2/11/2011 – Dana Becomes the Leading Full Driveline Supplier in South American CMV Market
Dana Holding Corporation has taken action to become a full-service provider of driveline systems in the growing South American commercial vehicle business….
More
2/11/2011 – Goodyear to Close Union City Tenn. Tire Plant
Goodyear Tire Rubber Co.’s plans to close its Union City, Tenn., tire manufacturing facility by the end of 2011….
More
2/9/2011 – Tenstreet Offers Free Motor Carrier Fax Number Directory
Tenstreet LLC has just launched an online directory of motor carrier fax numbers to make it easier for companies to contact previous employers….
More
2/7/2011 – McLeod Software Experiences Record Growth
McLeod Software, Birmingham, Ala., has completed its fiscal year with a new record for sales growth. The company’s 2010 fiscal year shows a 56 percent sales increase over 2009….
More
2/3/2011 – Timken to Invest $35 Million in Ohio Plant
The Timken Company plans to invest approximately $35 million to install a high-volume, in-line forge press at its Faircrest rolling mill facility in Canton, Ohio….
More
2/3/2011 – New Headquarters for Carlisle Brake Friction
In conjunction with the Carlisle Companies’ launch of a new segment named Carlisle Brake Friction, effective Jan. 1, 2011, the new global headquarters for Carlisle Brake Friction will be located in Solon, Ohio, former headquarters to the Hawk Corporation’s Wellman Products Group….
More
2/3/2011 – Paccar Announces Improved Fourth Quarter Revenues and Net Profit
Paccar reported improved fourth quarter 2010 revenues and net income compared to the same period in 2009, achieving 72 consecutive years of net profit….
More
2/2/2011 – ArvinMeritor Reports Financial Results, Sees Strengthening in Global Truck Markets
ArvinMeritor, which announced it will change its name back to Meritor, reported financial results for its first fiscal quarter ended Dec. 31, 2010, with sales and EBITDA up, but negative cash flow and a greater net loss….
More
2/2/2011 – Cummins Reports Best Year in Company History
Cummins Inc. reported record profits for all of 2010, as well as record quarterly sales and profits for the fourth quarter, on the strength of significant growth in key international markets and improved productivity in its global manufacturing operations….
More
2/2/2011 – Bridgestone Bandag Announces Price Increase
Bridgestone Bandag Tire Solutions announced a 12 percent price increase on its Bridgestone and Firestone brand truck and bus radial tires, effective immediately….
More
1/31/2011 – Commercial Vehicle Group Announces Acquisition of Bostrom Seating
Commercial Vehicle Group has acquired substantially all of the assets of Bostrom Seating…
More
1/27/2011 – Bendix Opens Third Manufacturing Facility in Acuna, Mexico
Bendix Commercial Vehicle Systems celebrated today the grand opening of its new actuator manufacturing facility based in Acuna, Mexico….
More
1/27/2011 – Volvo Rolls Out 50,000th VEST-equipped Truck
Volvo Trucks North America celebrated the success of Volvo Enhanced Stability Technology with the delivery of the 50,000th VEST-equipped truck to Shamrock Foods of Phoenix….
More
1/26/2011 – Yokohama Plans for Strong Commercial Tire Market in 2011
The commercial truck tire market rebounded strongly in 2010, and Yokohama is planning several new announcements this year….
More
1/26/2011 – Xtra Lease Targets Fuel Efficiency with Newest Trailers
Xtra Lease has ordered 6,000 new fuel-efficient trailers equipped with aerodynamic side skirts and low rolling resistance tires, providing fleets access to new equipment and opportunities to lower their fuel costs….
More
1/26/2011 – Cummins Selling Exhaust Business to Global Tube
Cummins has entered into an agreement to sell its exhaust business to Global Tube so Cummins Emission Solutions can put a greater emphasis on products that are critical to its growth strategy, such as diesel particulate filters and selective catalytic reduction systems….
More