FTR: August Class 8 orders up from July
August level of order activity continues to be below replacement levels.
Fullbay launches fourth annual State of Heavy-Duty Repair survey
The final report will be available for free download in early 2024.
Used truck sales uncharacteristically high in August
Compared to July, average retail price increased 1%, while miles and age both declined 1%.
August Class 8 truck orders the best month since February
This represents the highest monthly performance since February and the third consecutive month with orders exceeding 20,000 units.
Equipment Leasing and Finance Association releases Monthly Leasing and Finance Index
The association notes that volume was down 9 percent from $10.9 billion in June.
ACT Research to launch new expanded forecast report in 2024
The expanded forecast, NA CV Outlook Plus, will feature an annual decarbonization market update, longer-term production forecast and more.
Parts Leading Indicator continues to trend downward, signaling slow aftermarket parts sales
PLI has declined for eight consecutive months.
Fuel costs chip away at favorable shippers market reflected in FTR’s June Shippers Conditions Index
“If fuel prices continue to increase, it will push less positive readings in the SCI in the months ahead.”
FTR’s Trucking Conditions Index for June reflects weaker conditions for carriers
June’s TCI reading was the most negative since November.
ATA Truck Tonnage Index decreased slightly in July
The not seasonally adjusted index equaled 111.5 in July, 5.5% below the June level (118).
Current trailer backlog commits industry into 2024
“Fleet commitments improved in July but were still somewhat mixed. Total cancels dropped to 1.7% of backlog, following two months of elevated activity.”
ACT Research findings indicate slow industry rebalancing
Private fleets are still growing and pulling freight from the for-hire market.
