In June 2010 Class 8 truck total net orders for all major North American OEMs was at 15,667 units, a 20.5% increase over the previous month net orders and 90.8% better than June 2009, according to data from transportation forecasting company FTR Associates.
June orders reflect an annualized rate of 188,000 units, boosting the annualized rate for the first half 2010 orders to 137,000 units. The figure includes U.S., Canada, Mexico and exports.
"The increase in order activity is a welcome sign that the recovery for the commercial vehicle industry remains on track," says Eric Starks, president of FTR. "With the stronger order activity, production levels in the third quarter will likely be higher than initially anticipated. "
FTR Associates' U.S. Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for over 200 commodity groups.