Wednesday, October 5, 2016
US Truck Orders Plummet
U.S. orders for heavy trucks were 30 percent lower in September than the year before. Trucks have been in a slump for most of the year. Partly this is because trucks are becoming more durable, but the low demand for trucks mainly reflects excess capacity in moving manufactured goods. While the dollar value and various unit counts of manufactured goods sold in the U.S. show an increase, the total weight, volume, and shipment count show a decline. Perhaps there are fewer returns, but it must also be that manufactured goods are smaller than they were last year with changes in designs and packaging.