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Correction or Recession: Truck Industry Sees Slowing As The Year Ends

12/18/2018 10:12 PM | Anonymous member (Administrator)

Amid continued uncertainty about tariffs and a tumbling stock market, it’s not surprising that an index measuring market conditions for trucking companies reports a second consecutive month of steep declines and the lowest reading since August 2017. According to freight transportation intelligence provider FTR, orders for new Class-8 trucks have dipped significantly in recent months with November’s number of 27,500 by far the lowest of the year.

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