Class 8 Heavy Duty Truck Orders Crash 62.5% In May To Lowest Levels Since 2011

As for individual company performance, Transport Topics reported:

  • Volvo Trucks North America (VLVLY) earned an 11.8% share with 1,084 sales, or 60.2% fewer compared with a year earlier.
  • Mack Trucks posted a 9.6% share on 879 sales, or 51.5% fewer compared with a year earlier.
  • Kenworth Truck Co. (PCAR) earned the second-highest share, at 13.9%, with 1,277 sales, or 65% fewer compared with a year earlier.
  • Peterbilt Motors Co. notched a 12.2% share with 1,119 sales, or 71% fewer, the biggest decline, compared with the 2019 period.

Recall, April's numbers were the lowest since FTR began tracking orders in 1996. Many companies canceled or delayed new orders as demand, measured by the ratio of loads to trucks, fell 66% in April. TFI's Chief Executive Alain Bédard said in an April 22 call:

 "Everything has been canceled.” 

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