Class 8 net orders in August were 53,100 units, up 150% year-over-year and up 1% month-over-month, setting a new all-time record, JPMorgan analyst Ann Duignan tells investors in a research note, citing ACT Research. Class 5-7 July net orders were 23,700 units, up 26% year-over-year and up 18% month-over-month, the analyst adds. She says truck orders have the largest incremental impact on Navistar (NAV), Paccar (PCAR), Cummins (CMI), Eaton (ETN) and Allison Transmission (ALSN).

Allison Transmission partnered with SANY, a global heavy equipment manufacturer for the mining and construction markets, to integrate the Allison 4970 Specialty Series transmission into SANY's STC5000 500-ton all-terrain crane. These new cranes will be in operation in remote areas of China including the desert and mountain terrain. "Our off-highway vehicles require a powerful transmission designed to meet the challenge of navigating difficult terrain," said Du Jian, R&D Director of Crane Chassis, SANY. "We selected the Allison 4970 SP due to its proven ability to increase vehicle productivity and maneuverability." In addition to SANY's STC5000 crane, Allison is also the propulsion solution provider for the company's SAC600E 60-ton crane.