Construction spending increased for the third straight month in October as private activity strengthened while public spending shrank, according to the Associated General Contractors of America’s (AGC) analysis of new Census Bureau data
According to the Annual Fleet Study published by CK Commercial Vehicle Research, 84% of those fleets operating Class 8 vehicles and 33% operating medium-duty trucks intend to purchase new equipment in 2012. What’s more, the expected average order size equates to 16% of the current fleet population for both Class 8 and medium-duty orders. The report also shows one in four of the respondents plan to add some capacity with new equipment.
Along with addressing planned equipment demand for next year, the respondents answered questions about equipment and engine choices for 2012; new specifications and technology; maintenance sourcing and CSA effect, and the major challenges they expect to face in the coming year.
Sixty-four representatives of small, medium and large for-hire, private and government fleets operating a total of 101,000 Class 8 and 70,000 medium-duty power units responded to the 2011 study questionnaire.
For more information about CKCVR’s 2011 Annual Fleet Study and details on how to order, send an e-mail to [email protected] or go to www.ckcvr.com.
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