Heavy Truck Production to Rise 23 Percent

Heavy Truck Production to Rise 23 Percent

ACT Research increased its 2010 forecast for heavy truck production to 4,500 units, a 23 percent increase over 2009.

The nascent economic recovery is pumping more freight into trucks, the company said, tightening truck capacity.

Net orders for heavy-duty trucks shot up 91 percent in April, as fleets began placing orders for trucks compliant with 2010 federal emissions rules, ACT Research said.

Next year looks even better for truck makers.

In its latest ACT North American Commercial Vehicle Outlook, the research firm predicted 62 percent year-over-year growth in Class 8 truck production in 2011.

“The increase in our heavy-duty forecast is based on widespread strength in orders over the past few months,” said Kenny Vieth, senior analyst and partner with ACT Research.

“We are seeing improving orders across OEMs and geographies, confirming that the broader market has started the long process of replacing the fleet,” Vieth said.

--Contact William B. Cassidy at
wcassidy@joc.com.