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Wells Fargo says that ACT Research preliminary December Class 5-8 truck net orders increased 4%...
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Thursday, January 3, 4:37 PM ETWells Fargo says that ACT Research preliminary December Class 5-8 truck net orders increased 4% from November and decreased 20% on a Y/Y basis. Truck orders were 21,300 units, -30% Y/Y, but +6% from November's 20,126. Wells says that overall, the report was better than expected and may be a positive for Cummins (CMI), Navistar (NAV) and PACCAR (PCAR).
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