Assembly Blog


Commercial Vehicle Industry Gets Rolling

August 1, 2013
/ Print / Reprints /
ShareMore
/ Text Size+

Like an 18-wheeler chugging up a steep grade, the commercial vehicle industry is finally emerging from the doldrums. Manufacturers of heavy trucks got hit hard by the Great Recession. In 2009, for example, Paccar delivered just 61,000 new trucks—less than half what it delivered in 2008.

The industry is not entirely out of the woods, but business is certainly improving. From 2010 to 2012, unit sales at Volvo trucks are up 24 percent; Daimler trucks 30 percent; Navistar 64 percent; and Paccar a whopping 78 percent. Paccar subsidiary Peterbilt alone built more than 30,000 trucks in 2012—a record high.

The latest data indicate continued growth. New Class 8 truck orders in North America rose in April to 23,300 units, the highest tally in 15 months, according to ACT Research, leaving analysts to predict that manufacturers will ramp up production soon. The preliminary April total was 36 percent higher than the 17,105 net orders placed during the same month last year. It also was the seventh straight month that North American truck orders surpassed the 20,000 mark. Through the first four months of this year, OEMs have booked 90,646 net orders, up 7 percent from the same period last year.

Trailer orders are also up. Fleets ordered 21,769 trailers during April, the highest level so far in 2013 and 8 percent above year-ago levels, according to ACT Research. April’s tally was 29 percent higher than March’s total of 16,911 and broke a string of three year-over-year downturns.

Preparing for better days, OEMs are investing in their products, people and plants. From 2010 to 2012, R&D spending at Navistar and Paccar is up 16 percent and 17 percent, respectively. Daimler trucks has boosted its worldwide workforce by 12 percent. And Thomas Built buses recently installed a $2 million, 1,500-ton stamping press at its assembly plant in High Point, NC.

If you haven’t read senior editor Austin Weber’s profiles of the Kenworth assembly plants in Chillicothe, OH, and Renton, WA, check ’em out. The Paccar division is doing some amazing things on the assembly line.

For suppliers of riveters, welders, robots, power tools and other assembly technology, growth in the commercial vehicle industry should be icing on a the cake of a resurgent automotive industry. What do you think? Will the industry keep on truckin’?

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Behind the Scenes at Ford's Michigan Assembly Plant

People are the heart and soul of the 2012 Assembly Plant of the Year. This slideshow shows some of the men and women who build three different types of electrified vehicles alongside traditional gas-powered cars on the auto industry’s most flexible assembly line—Ford’s Michigan Assembly Plant in Wayne, MI. Photos courtesy Ford Motor Co.

Podcasts

Tim Hutzel, President, Tim Hutzel American Business Services and Dave Lippert, President, Hamilton Caster & Mfg. Co have deep and unique perspectives on reshoring. That’s the primary reason they’ve been invited to deliver the keynote address at 2014’s The ASSEMBLY Show.

More Podcasts

Assembly Magazine

assembly cover september 2014

2014 September

The 2014 September Assembly includes articles about engine assembly plus much more. Check it out today!
Table Of Contents Subscribe

Assembly Plant Age

How Old Is Your Assembly Plant?
View Results Poll Archive

THE ASSEMBLY MAGAZINE STORE

welding.gif
Welding: Principles & Practices

This text introduces students to a solid background in the basic principles and practices of welding.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Assembly Showrooms

ASSEMBLY Showrooms

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40pxgoogle plus