FTR reports preliminary trailer orders decline in July from final June numbers
FTR reports preliminary trailer orders fell back in July 28% from the final trailer orders reported for June to a total of 17,000 units. July 2022 trailer order activity was +101$ y/y with orders now totaling 275,000 units for the past twelve month. “Amidst these uncertainties and production challenges, OEMs have continued to strategically manage
FTR’s Shippers Conditions Index drops to -6.2 reading
FTR’s Shippers Conditions Index (SCI) fell back in May to a -6.2 reading. After relatively stable diesel prices in April, large increases in May coupled with tighter capacity utilization led to tougher market conditions despite some rate relief. The outlook for the SCI is for little change as utilization and rates are expected to remain mildly
FTR’s Trucking Conditions Index fell due mostly to diesel price gains
FTR’s Trucking Conditions Index (TCI) for May fell back into negative territory with a -0.3 reading from 3.21 in April. Sharp increases in diesel prices during May offset slightly improved freight market conditions for carriers. Freight demand, capacity utilization, and freight rates were slightly stronger in May but together were unable to diminish the negative
FTR reports preliminary trailer orders continued to backtrack in June
FTR reports preliminary trailer orders fell back in June to 14,400 units. Orders were down 23% m/m but up 20% y/y. Trailer orders for the past twelve months have totaled 265,000 units. The order number for June met expectations, as OEMs have filled most of the available build slots and are not yet booking orders
FTR’s Shippers Conditions Index rebounds in April to best reading since September 2020
FTR’s Shippers Conditions Index (SCI) rebounded in April to a reading of -1.7 after shippers experienced the toughest conditions on record in March. The April SCI is the best since September 2022. Shippers found some relief in April from more stable diesel prices coupled with less challenging capacity utilization and freight rates resulting in much
FTR’s Shippers Conditions Index fell sharply ahead of a projected further deterioration
FTR’s Shippers Conditions Index (SCI) fell sharply again in February to -17.9 after dropping to -10.1 in January. The February reading narrowly beats March 2021 as the toughest month to date for shippers. The record won’t last long as March is expected to be much lower still as some rate relief will not nearly offset
FTR’s Trucking Conditions Index for January still strong, but war raises risks
FTR’s Trucking Conditions Index (TCI) for January fell to 11.46 from 14.45 in December amid rising diesel prices. Although more robust freight rates more than offset the effects of higher fuel costs, freight volume was a significantly weaker positive factor than it had been in December. A record surge in fuel costs in the wake
FTR’s Shippers Conditions Index continued to improve
FTR’s Shippers Conditions Index (SCI) for December improved from the November -9.0 reading to -6.9 primarily due to a drop in fuel prices during the month. Even though lower fuel costs helped shippers in December, they will be a significant near-term negative as diesel prices surged in January. Fuel costs aside, the outlook is for
FTR reports preliminary Class 8 orders stayed steady
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
FTR’s Shippers Conditions Index improved in November
FTR’s Shippers Conditions Index for November improved to a -9.0 reading from October’s -12.4. October’s reading had been the lowest reading since the all-time low was reached in March of 2021. Stable diesel prices in November led to better market conditions for shippers, but other factors still made for the toughest conditions since June aside
