Truck orders hit near-record levels in January

Truck orders hit near record levels in January

generic-road-1

Preliminary data from both FTR and ACT Research Co. shows a record-setting month for truck orders in January, with numbers not seen in over a decade.

According to ACT, the industry booked 80,400 units in January for Classes 5-8, which has only been surpassed by March 2006 by ACT’s estimation—a month which, ACT notes, was “a frenzied period ahead of the EPA ’07 pre-buy.”

ACT has Class 8 orders at 48,700 units, which like the overall market, is the best showing since March 2006 and represents a seasonally adjusted month-over-month increase of 41% and a 107% year-over-year increase.

FTR has the preliminary number of Class 8 orders at 47,200, representing a 28% month-over-month increase, a year-over-year improvement of 116%, and the best showing since early 2006.

“These levels were well above our already strong expectations and continue to indicate that the equipment markets are still reacting to the tight capacity in the truck marketplace,” noted Jonathan Starks, FTR’s chief operating officer. “January is normally a seasonally weaker month, except when the market is on a clear upswing. Near-record levels can’t last for long, but orders could stay quite elevated throughout the spring.”​

As for the medium-duty market, ACT has Class 5-7 orders at 31,700 units. “This is the best month since July 2006 and the third-best month on record,” said Kenny Vieth, ACT’s president and senior analyst. “On a seasonally adjusted basis, medium-duty orders came in at 32,300 units, up 56% m/m and 34% y/y.”

You May Also Like

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

To say that the potential for reducing fleet carbon emissions within PepsiCo’s Frito-Lay and Pepsi Beverage operations is considerable would be an understatement. In North America alone, the company owns more than 80,000 Class 1-8 assets, including on- and off-highway vehicles, trailers and material handling equipment.

“There are a number of ways we’re working to decarbonize our fleet operations,” said Adam Buttgenbach, director of fleet engineering and sustainability at PepsiCo. “Among them are optimizing delivery networks for maximum payload and reduced empty mileage. We have also been implementing scaled deployments of electric and other alternative fuel-powered vehicles.”

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
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. 

Other Posts

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
ACT Research predicts ‘year of transition’ as trailer orders fall in March

ACT says while softer order activity still meets expectations, net orders remain challenged by weak profitability for for-hire truckers.

ACT-Research-US-Trailer-Net-Orders-Prelim-April
Scania expands BEV truck offerings

Calling it the “9-litre engine equivalent” to a diesel truck, Scania believes its new EM C1-2 will benefit construction-oriented operations.

Scania-expands-BEV-offerings-EM-C1-2
Ceres: EPA Phase 3 ruling will ‘significantly reduce’ emissions

The new EPA standards will encourage an accelerated shift to cleaner vehicles.

fuel-generic