Long-elusive Goldilocks pattern appears to be returning.
The ups and downs of Class 8 truck orders appear to be returning to a normalized pattern with manufacturers sitting on a healthy backlog of trucks to build.
Nearly all build slots are filled for 2023. That prompted slower order activity of 19,000 units in March, FTR Transportation Intelligence reported Tuesday.
Reduced order levels will continue through the summer, historically a weaker period for bookings. That normalcy was upended during the pandemic. Lower year-over-year orders in five of the past six months followed record bookings in September 2022.