Breaking News
Bret Weinstein's Thoughts on Charlie Kirk and Iran
We Are the Villains in This Story
My Prediction For the War with Iran
Foreign Hacker Cracked Into FBI's Epstein Files In 2023, Was 'Disgusted' At Child Sexual
Top Tech News
Human Brain Cells Merge With Silica To Play DOOM
Will Yann LeCun Provide The Next Breakthrough In AI?
Human Brain Cells Merge With Silica To Play DOOM
Solar And Storage Could Reshape Rural Electricity Markets
With World Seemingly At War, DARPA Finds Time To Unveil The X-76
Renewable Water From Air.
The world's first diesel plug-in hybrid pickup truck is here
US advances nuclear revival with approval of Natrium Gen IV reactor
Your Contractor Doesn't Want Me To Show You This!
CEO of Blacklisted AI Company Anthropic, Dario Amodei Says His AI Models 'May Have Gained...
November Heavy Duty Truck Orders Resume Collapse, Down 39% To Weakest Since 2015
Class 8 orders against collapsed in November, culminating a dismal year that some thought had seen a reprive with October's improved bookings. But new data from FreightWaves shows that the collapse has continued its trend, indicating that the sluggish economy is to blame for lackluster replacement demand.
Orders totaled 17,300 units for the month, which marks the slowest November since 2015 and a 39% collapse from November 2018. The slowdown in orders is prompting layoffs of hundreds of production workers by companies like Daimler Trucks North America, Volvo Trucks North America, Paccar Inc. and Navistar International Corp.
Other names in the Class 8 supply chain are also dealing with the negative effects. For instance, engine manufacturer Cummins Inc. is "laying off 2,000 white-collar employees globally in the first quarter of 2020".
Meanwhile, November used to be a month when fleets would be busy placing orders for the upcoming year. After October's slight tick up in orders, many analysts thought November could follow suit. That didn't happen, and sequentially November's order book was down 21% from October.