• New truck orders plunged by 43% in December, but trucking insiders remain strangely cheery

    8 days ago - By Business Insider

    Companies ordered 43% fewer semi-trucks in December 2018 year-over-year, according to ACT Research.
    A slump in truck orders typically forebodes an economic turndown because it shows retailers and manufacturers plan to move fewer goods.
    But four trucking insiders told Business Insider that they still have a rosy outlook for freight in 2019.
    2018 was a red-hot year for trucking, and 2019 is forecasted to be a smaller, but still healthy, market.
    The industry will cool slightly in the second half of the year.
    The last few weeks of December were tumultuous times on the market - to put it...
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