We have also noted the stunning collapse in heavy duty trucking orders over the last 18 months, as the industry continues to deal the consequences of aggressive over-ordering in 2018 and a domestic economy that simply isn't supporting growth Class 8 trucks like it once did. For instance, we reported just two weeks ago that trucking company Navistar had cut more than 1,300 jobs. 

And after several months of "analysts" suggesting that trends could be improving and that the worst may be over, the reality for heavy duty trucking seems to remain that the industry is still grinding slower. Wells Fargo analyst Andrew Casey released a note on Thursday morning suggesting that truck demand conditions "remain weak" and that pricing is "deteriorating for used trucks".