Paccar confirmed reports that it plans to lay off 10 percent of the work force at its Kenworth plant in Chillicothe, Ohio, in response to weakening orders.
FTR Associates released preliminary data showing March Class 8 truck total net orders were 11 percent below February.
January orders were down 17 percent from December and 9 percent lower than January 2011, FTR Associates said.
Research firms forecast August build rates of more than 20,500 units, higher than the July level.
Kenworth Truck Co. has received an order for 1,050 T660s with Paccar MX 2010 engines from TransAm Trucking, a refrigerated fleet in Olathe, Kan., the truck maker announced April 22. “This order from TransAm Trucking is ...
March Class 8 truck total net orders for all major North American manufacturers increased 35.9 percent higher than February, preliminary data from FTR Associates indicate.
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