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
FTR reports preliminary trailer orders for December retreated to 26,500 units, down 18% m/m and -42% y/y. Trailer orders for 2021 totaled 249,000 units. OEMs continue to manage backlogs carefully, as the supply chain disruptions persist. Order volume was very close to the average of the previous three months. Liquid tank trailer orders were sturdy.
FTR reports North American Class 8 net orders recovered to 23,100 units in December. The December total orders were back in the same range as September and October, following the previous trend of orders being slightly above expected production levels. December order activity was +139% m/m but still down y/y at -55% from December 2021.
FTR’s Shippers Conditions Index (SCI) for October, as reported in the December Shippers Update, fell sharply to a -12.38 reading. October was the lowest reading since the all-time low was reached in March of this year reflecting worsening market conditions for shippers. The primary cause of the severe decline was the surge in diesel prices
FTR’s Shippers Conditions Index (SCI) for September, as reported in the November Shippers Update, at -6.5 improved only slightly from the August reading of -6.8 with market conditions stalled at a level unfavorable for shippers. The slight movement in the September SCI reflects market conditions that have barely budged as tougher freight rates and higher
FTR’s Trucking Conditions Index (TCI) reading for September increased marginally to 11.79 from 11.63 in August. Freight rates continued to strengthen in September, but freight volume and capacity utilization were not as beneficial to carriers as they were in July and August. FTR’s forecast remains for strong positive TCI readings well into 2022. “The market
FTR reports final trailer orders dipped in October to 16,800 units amid continuing caution by OEMs about overbooking the first half of 2022. October orders were -41% m/m. The y/y comparison of -70% is against the all-time record high in October 2020. Trailer orders for the past twelve months now total 277,000. A few OEMs had
FTR reports that preliminary North American Class 8 net orders for October were 24,500 units, down 12% from September and down 39% year-over-year. Class 8 orders have stayed within the 23,000 to 28,000-unit range for five of the last six months as OEMs deal with production issues. Class 8 orders now total 437,000 units for
FTR reports that its Shippers Conditions Index (SCI) for August continued to gradually improve to the best reading since September 2020 at -6.8, slightly better than the -8.1 July index. A minor loosening of capacity utilization and marginally lower fuel costs contributed to the improvement in the August SCI measure. Market conditions for shippers are technically
After easing modestly but steadily since April’s record level, FTR’s Trucking Conditions Index (TCI) in August rose slightly to a reading of 11.63. Freight volume and capacity utilization were not quite as favorable for carriers in August as they were in July, but more robust freight rates resulted in stronger overall market conditions. FTR says
FTR’s Shippers Conditions Index (SCI) for July, while still in negative territory at -8.07, was the best reading for the index since Q4 2020. The July SCI improved significantly from the June reading of -12.0 with shipper market conditions less negative. However, the only technically positive index factor in the month was an insignificant softening
FTR’s Trucking Conditions Index (TCI) for July declined to 10.78 from 12.61 in June. Market conditions are still robust for carriers despite some modest easing over the past three months from the record TCI posted in April. In July, a softer rate and utilization environment along with a slightly higher cost of capital was offset