Truck orders end year on positive note

Truck market data update: Preliminary December numbers positive

some-trucks-generic

In December, preliminary North America Classes 5-8 net order data from ACT Research Co. shows that the industry booked 42,000 units, bringing the full-year net order tally to 415,600.

“Demand for Class 8 units ended 2016 on a positive note with 21,400 units booked,” said Kenny Vieth, ACT’s president and senior analyst. “December was the only month in 2016 in which orders rose above 20,000 units. However, after the streak of negative year-over-year order comparisons was snapped in November at 22 months, the year/year comparison turned negative again, with orders falling 24% from last December.”

FTR’s numbers similarly had preliminary Class 8 orders at 21,000 units, up 10% month-over-month.

Don Ake, vice president of commercial vehicles at FTR, summed up December as “another decent month that met expectations. Orders have been following stable, traditional, patterns for six months now, which is great news after the large drop off in 2016. Production was weak in December, but based on the Q4 orders, it should begin a modest recovery in February.

“The most recent economic news has been positive,” he continued, “so freight demand should keep orders propped up for a few more months. 2017 still looks to be a tough year, but now backlogs are growing and that means the worst should be behind us for now.”

Medium-duty Classes 5-7 orders climbed to an eight-month high 20,600 units in December, according to ACT’s numbers. “As December is historically the second-strongest order month of the year, seasonal adjustment reduces the month’s orders to 19,000 units,” said Vieth. “For all of 2016, MD orders of 228,500 units were a virtual carbon copy of 2015’s net order intake, giving up 1.1% compared to 2015.”

You May Also Like

Isuzu introduces updated Ultimate Craft Beer Truck

Having debuted in 2019, Isuzu says the new generation of Ultimate Craft Beer Truck adds convenience and versatility, to keep the party going.

Isuzu-Craft-Beer-Truck-E-delivery-draft

Isuzu Commercial Truck of America, Inc. announced a new generation of its Ultimate Craft Beer Truck in collaboration with Summit Truck Body. The truck has has a cooled and insulated body to allow for beverage delivery and features an eight-keg system and a wall of exterior taps, allowing it to act as a pop-up bar for events like music festivals, street fairs or other outdoor events.

FTR announces new senior rail analyst

Before FTR, Towers worked directly with Class Is, shortlines, OEMs, operators, and private equity clients as a freight rail specialist.

FTR-joseph-towers-senior-analyst-rail
Women In Trucking names 2024 Distinguished Woman in Logistics

Sarah Ruffcorn, president of Trinity Logistics, was named the winner of the 10th annual Distinguished Woman in Logistics Award.

Volvo fuels new trucks with renewable vegetable oil

Volvo expects to achieve an estimated 75% to 85% reduction in CO2 emissions from this initiative.

Volvo-VTNA-HVO-Factory-Fill-NRV
Peterbilt receives 2024 Environment + Energy Leader Award

The E+E Leader Awards celebrate advancements in the realms of environmental, sustainability and energy management.

Peterbilt-2024-Environment-Energy-Leader-Award

Other Posts

Ford Trucks, Irdeto announce cybersecurity partnership

Irdeto will provide Ford Trucks with a fully managed key lifecycle management service.

ford-trucks-irdeto-logo-combo
Fleet Profile: PepsiCo drives toward net-zero emissions by 2040

Here are the variety of approaches and successfully reducing the carbon footprint of its fleet and distribution operations

Frito-Lay-PepsiCo-Tesla-and-CNG-Tractors
Interact Analysis: HRS construction in China lags behind 2025 target

Some areas currently have a ratio of nearly 140 commercial hydrogen fuel cell vehicles for each hydrogen refueling station.

Interact-Analysis-Hyrdogen-stations-china-HRS-Graph3
Navistar passes 100 EV authorized dealers

Over 30% of all dealer locations will be able to support EV sales and service, across 41 states and seven of 10 Canadian Provinces.