Class 8 Truck Orders Plunge 39%; Large Truck Sales vs. Recessions
05/08/2016 6:33:17 PM PDT · by fella · 47 replies fxstreet ^ | 6 May 2016 | Mike Misch Shedlock
First, let’s take a look at the reports, then we will take a look at what this may mean for the economy. Class 8 Truck Orders Plunge 39% The Wall Street Journal reports Truck Orders Fall in April. Last month, trucking fleets ordered just 13,500 Class 8 trucks, the big rigs used on long-haul routes, down 16% from March and 39% from a year earlier.
It was the fewest net orders in any April since 2009, FTR said. DAT Solutions, an Oregon-based transportation data firm
Rail transport down...hundreds of locomotives stored on disused rails lines
The Baltic Index (shipping rates) declined to lowest level
Seems to me bad times are here again after 7.5 years of Obamanomics.