Orders for Class 8 trucks in the month of August will be slightly above expectations and a 36% improvement over July’s terrible numbers, according to projections from FTR and ACT Research. Class 8 truck orders in August will be around 14,200 units for the month, a significant rebound from July’s dismal 10,358 units ordered, according to ACT Research. July’s order numbers were the worst recorded by ACT since the first…
Read MoreDOC Issues 40% Tariff on Chinese Truck Tires
The U.S. Department of Commerce (DOC) says truck and bus tire manufacturers in China are dumping tires in the U.S. at less than fair market value, and those tires should be subject to tariffs of at least 20%. The tariffs are retroactive. The DOC announced its preliminary results Aug. 29. In every tariff investigation, the DOC selects manufacturers to serve as mandatory respondents. Those companies then provide data and answer…
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