FTR reports preliminary North American Class 8 net orders stayed steady in January at 21,400 units. The January total was down 8% m/m and 50% y/y. Class 8 orders have totaled 343,000 units over the last twelve months. January orders continued to track in a restricted range with the total for the month equaling the average of the last four months. OEMs continue to match order rates to build rates as they manage backlogs monthly. OEMs are not entering all their 2022 commitments because they do not want to overbook due to the uncertain supply chain. Final data for January will be available from FTR later in the month as part of its North American Commercial Truck and Trailer Outlook service.