Cummins CEO Says Co Is Raising Forecast For Heavy-Duty Trucks In North America To 255K-275K Units In 2024; Expect Softening In H2 Of Year
Portfolio Pulse from Benzinga Newsdesk
Cummins CEO announced during a conference call that the company is increasing its forecast for heavy-duty trucks in North America to 255,000-275,000 units for 2024, but expects a softening in demand in the second half of the year.
May 02, 2024 | 2:16 pm
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Cummins raises its 2024 forecast for heavy-duty trucks in North America, expecting a softening in demand in the latter half of the year.
The upward revision of the forecast by Cummins indicates a positive outlook on the market demand for heavy-duty trucks in North America for the first half of 2024. However, the expected softening in the second half could signal caution. Investors might see this as a sign of strong performance in the near term but should be wary of potential market challenges ahead.
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