The Urethane Blog
October 12, 2020
Class 8 Truck Orders Soar, Up 145% Year Over Year
by Tyler Durden Mon, 10/12/2020 – 09:40
Orders for heavy duty Class 8 trucks soared again in September, according to preliminary data released by ACT Research. Orders totaled 31,100 units, up 60% sequentially and up 145% from a year prior. Finalized data will be released during the middle of October.
It is the order book’s highest level since late 2018, according to TT News. It’s also a positive looking trend that continues to make the case for a V-shaped economic recovery. Class 8 orders had seen significant pressure in the beginning of 2020 due to the coronavirus pandemic.
Kenny Vieth, president and senior analyst for ACT Research, commented: “Preliminary data show that September orders for medium- and heavy-duty vehicles posted positive readings for a fourth consecutive month, after 19 consecutive months of negative year-over-year comparisons. In aggregate, Classes 5-8 orders rose 49% from August and improved 88% compared to year-ago September.”
He continued: “As orders rebounded to relatively healthy levels early in Q3, most of those orders were targeted at filling open 2020 build slots. With most of that work done by the end of August, we suspect the lion’s share of September’s orders were booked into 2021.”YOY order growth has been accelerating since April
The medium duty market has also seen a ‘rising tide’ as a result, Vieth said: “There is a symbiotic relationship between heavy-duty freight rates and medium-duty demand, and clearly, the shift in consumer spending from experiences [services] to goods has been good for the providers of local trucking services.”
“My hunch is this is probably the large national guys coming in and doing their annual deal,” said ACT Research Vice President Steve Tam.The 2020 recovery from coronavirus-induced lows near April
“I think there is a bit more risk of that happening this time, happening more quickly. The reason is the whole labor dynamic. Their trucks are still out there [parked]. So we don’t need to add as many trucks as it might appear we are going to,” Tam noted said.
Tam concluded that the outlook remained strong: “If our freight forecast is correct, they are going to experience some very solid levels of profitability for the remainder of this year and for next year as well.”
https://www.zerohedge.com/economics/class-8-truck-orders-soar-145-year-over-year
October 12, 2020
Class 8 Truck Orders Soar, Up 145% Year Over Year
by Tyler Durden Mon, 10/12/2020 – 09:40
Orders for heavy duty Class 8 trucks soared again in September, according to preliminary data released by ACT Research. Orders totaled 31,100 units, up 60% sequentially and up 145% from a year prior. Finalized data will be released during the middle of October.
It is the order book’s highest level since late 2018, according to TT News. It’s also a positive looking trend that continues to make the case for a V-shaped economic recovery. Class 8 orders had seen significant pressure in the beginning of 2020 due to the coronavirus pandemic.
Kenny Vieth, president and senior analyst for ACT Research, commented: “Preliminary data show that September orders for medium- and heavy-duty vehicles posted positive readings for a fourth consecutive month, after 19 consecutive months of negative year-over-year comparisons. In aggregate, Classes 5-8 orders rose 49% from August and improved 88% compared to year-ago September.”
He continued: “As orders rebounded to relatively healthy levels early in Q3, most of those orders were targeted at filling open 2020 build slots. With most of that work done by the end of August, we suspect the lion’s share of September’s orders were booked into 2021.”YOY order growth has been accelerating since April
The medium duty market has also seen a ‘rising tide’ as a result, Vieth said: “There is a symbiotic relationship between heavy-duty freight rates and medium-duty demand, and clearly, the shift in consumer spending from experiences [services] to goods has been good for the providers of local trucking services.”
“My hunch is this is probably the large national guys coming in and doing their annual deal,” said ACT Research Vice President Steve Tam.The 2020 recovery from coronavirus-induced lows near April
“I think there is a bit more risk of that happening this time, happening more quickly. The reason is the whole labor dynamic. Their trucks are still out there [parked]. So we don’t need to add as many trucks as it might appear we are going to,” Tam noted said.
Tam concluded that the outlook remained strong: “If our freight forecast is correct, they are going to experience some very solid levels of profitability for the remainder of this year and for next year as well.”
https://www.zerohedge.com/economics/class-8-truck-orders-soar-145-year-over-year
October 9, 2020
09. October 2020
We mourn the loss of our founder Dr. Heinz B. P. Gupta
On September 30, 2020, Dr. Heinz Bijoy Prosad Gupta (*1932 in Calcutta, India) passed away in Ratingen, Germany, at the impressive age of 88. He founded this publishing house in 1993. For many years he was editor-in-chief of GAK Gummi Fasern Kunststoffe and until 2019 publisher of various national and international specialist journals for the rubber, polyurethane and TPE industries.
Heinz Gupta studied chemistry at the University of Bonn, Germany, where he also received his doctorate. After graduating, he worked for Kabelwerke Duisburg and Paguag (Pahlsche Gummi- und Asbest-Gesellschaft) in Düsseldorf. From 1970 he was consultant to various manufacturers of tires, molded articles and sponge rubber products. In 1972, he assumed additional responsibilities as editor-in-chief of GAK, which had been published since 1948 by Gentner Verlag, then still under the name of Gummi-Asbest-Kunststoffe. His work in industry and as a consultant provided an excellent basis for this journalistic role and encouraged him to found Dr. Gupta Verlag in 1993 and to continue to run GAK himself.
He remained true to GAK’s declared goal of providing technical information that is both scientifically sound and comprehensible to the practitioner. Raw materials, machines, products, processes and their scientific backgrounds were the focus of this important source of information for technicians, engineers and chemists in the rubber industry. However, relevant economic and legal news were not ignored either. The magazine was given a special note by its unique editorials, in which Heinz Gupta questioned current events, sometimes critically, sometimes benevolently, sometimes argumentatively, but always humorously and thoughtfully. He spoke his mind, and he did not care whether it was appropriate.
Over the years Heinz Gupta broadened the portfolio of his publishing house. At K 2001, he launched PU Magazin, a new trade journal for the polyurethane industry. PU Magazine International followed in 2004 as an English-language edition. In 2006, GAK was expanded to include an English edition, RFP Rubber Fibres Plastics, and in 2009 the English-language TPE Magazine International was launched.
In 2006 his lifetime of service to the field was awarded with the plaque of the German Rubber Society for special achievements in research, technology and business as a mark of gratitude for his great commitment.
Most importantly, Dr. Gupta has worked tirelessly to maintain and improve the image of the industry, whose well-being was so close to his heart. His passion was the rubber industry. For decades, he was regarded as the “Gummi-Mann” who was a sought-after discussion partner at all important trade fairs, conferences and industry meetings. Often it was he who asked the first – usually well-intentioned – question after a lecture, just to break the ice.
Heinz Gupta leaves a big void not only in our publishing house. He will be greatly missed!
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