By: Rob Wertheimer 

The upcycle into a tightening freight market has truck orders strong and truck production likely to continue its record upcycle, with growth in fleet and sales into 2018. That’s an example perhaps of the overshoot into upcycles, and why we have a positive skew in our ratings (6 buy or overweights, 4 underweights, no sells) despite having thought our fleet work a generally lower view on markets like trucks in US and Europe and on ag.

CMI Report Here