FTR: May trailer orders improve over April but still down from last year
According to FTR, final net trailer orders for May were improved over April activity, coming in at 4,300 units. May orders were +1200% month-over-month but still substantially lagging last year with a -64% year-over-year comparison. New orders are still tepid, and cancellations were elevated for the third consecutive month. Trailer orders for the past twelve
May Class 8 preliminary orders reflect market uncertainty
Both ACT Research and FTR reported preliminary commercial vehicle order numbers. ACT had preliminary North American Class 8 net orders in May at 6,700 units, up 56% from April, but down 38% from a very easy year-ago comparison. FTR had a similar count with preliminary Class 8 net orders for May at 6,600 units. “Reflecting
It’s time to start using the truck data your ELDs are collecting
There are plenty of unknowns facing the heavy-duty trucking industry, but there is one certainty: We’re staring down the barrel of an unprecedented market downturn. Not a fun fact to face, but a very real one. Both FTR and ACT Research agree that tough times are ahead. Asset utilization, fuel efficiency and adapting service best
FTR: April preliminary net trailer orders sink to lowest level since 1990
FTR reports preliminary net trailer orders for April sunk to the lowest level in the modern era (since 1990), coming in at 300 units. April order activity was -95% m/m and -98% y/y. Trailer orders for the past 12 months now total 162,000 units. The severe recessionary conditions caused many fleets to pull back on
New FTR index tracks recovery from COVID-19 shutdowns
A new index provided by FTR provides visibility on the state of the trucking market as anticipation of an economic restart grows. The COVID-19 Truck Freight Recovery Index shows a sharp mid-March drop that has remained stable for the past two weeks, indicating a bottoming out in the spot market, FTR says. The index, a
The Coronavirus and trucking
Every industry has been affected in some way or another by the current Coronavirus crisis, and trucking is no different; though as an essential service, trucks have been able to continue to run their routes and shops have continued to fix said trucks. While they might not face the same challenges as, say, restaurants, fleets do
FTR: February likely last positive month this year for Trucking Conditions Index
Sharp declines in freight volumes, utilization and rates due to the COVID-19 pandemic could lead to the worst overall trucking conditions on record during the second quarter of this year, according to FTR’s projections for the Trucking Conditions Index (TCI). FTR forecasts that the TCI will hit its lowest points in April and May, but
Podcast: How the coronavirus is affecting the truck market
Fleets and OEMs will not be immune to the economic impacts of the current situation.
FTR reports COVID-19 virus brings down February trailer orders 45% y/y
Trailers order activity for February felt the impact of the COVID-19 virus, FTR reports, sliding to a paltry 13,000 units, the lowest total for the month of February since the recession year of 2009. February 2020 trailer orders were down 20% m/m and 45% y/y. Trailer orders have now totaled 184,000 units for the past
Class 8 orders fall unexpectedly in February
According to the latest numbers from both ACT Research Co. and FTR, Class 8 truck orders fell in February, amid a difficult time for the U.S. stock market driven by fears about the ongoing COVID-19 disease outbreak. Both ACT and FTR have the preliminary number for North American Class 8 orders in February at 14,100
‘The market is pausing to take a breather’—Class 8 orders down month-over-month
According to the latest preliminary numbers from FTR and ACT Research, January’s Class 8 orders were down somewhat compared to last month, but up compared to the previous January. FTR has preliminary North American Class 8 orders for January at 17,700 units, following a consistent trend over the last four months when orders have averaged
Truck orders stable in December
Orders averaged just under 20,000 units a month for the fourth quarter, basically right at replacement demand, and FTR expects them to stay in this range for the next few months.
