North American orders for Class 8 heavy trucks jumped 62% year over year in September and analysts and economists are predicting that a strong U.S. economy will push orders even higher in the fourth quarter.
Net orders for heavy trucks, the semis that haul freight on the highways, rose to 22,100 in September, according to FTR, a research company that tracks the industry. September’s increase was the fourth consecutive month of rising truck orders after a slump earlier in 2017 on high inventory levels and worry among trucking companies about the health of the economy.
Shares of truck engine maker Cummins (CMI), a member of my long-term 50 Stocks portfolio, are up 25.67% in 2017 through October 4 and 7.77% in the last month. The shares are ahead 55.29% since I added them to the portfolio on May 3, 2013.
The shares went ex-dividend on August 16. They currently yield 2.55%