Watch: Peterbilt NACV announcements
At NACV, Peterbilt’s General Manager and PACCAR Vice President Jason Skoog took to the stage to talk about the overall truck market, Peterbilt’s market share, it’s electric truck lineup and strategy, make several product announcements and talk service, support and uptime. To start, Skoog provided a end-of-the-year 2019 market overview, a 2020 market outlook and
FTR reports a rebound in trailer orders in September
FTR reports preliminary trailer orders for September at 19,000 units, the highest since February.
Trucking Conditions Index for August reflects mediocre environment for carriers
FTR’s Trucking Conditions Index for August, at a -1.11 reading, was negatively impacted by weak utilization and higher financing costs. FTR forecasts that the TCI will hover around the neutral range through 2020.
ACT Research: Key risk to N.A. CV market forecasts is trade war with China
According to ACT Research’s latest release of the North American Commercial Vehicle Outlook, the key risk to all vehicle market forecasts, and the U.S. economy broadly, remains the trade war with China, ACT says.
Trailer orders up month-over-month but down year-over-year
New U.S. trailer orders of 21,600 were up 44% month-over-month, and after accounting for cancellations, net orders of 18,600 hit their third sequential increase in ten months, rising 73% from August, but down 68% compared to September of 2018.
FTR: September Class 8 retail sales at an all-time high
September Class 8 preliminary U.S. retail sales were 28,200, 4% higher than the previous record of December 2006, according to FTR. Sales were up 20% month-over-month and 20% year-over-year. All OEMs reported robust activity for the month, FTR added.
ACT Research Freight Forecast: Spot pressure to persist on more capacity additions
After a less negative spot environment over the summer, ACT Research now expects excess capacity to exert more downward pressure on truckload spot rates.
ACT Research: Class 8 market moving into significant correction next year
The Class 8 market is moving from 2019 peak activity in sales and build into a significant correction next year. The medium-duty market remained soft in July, solidifying the thought that the market has passed its cyclical peak, with build and sales both sequentially lower, ACT Research says.
Watch: Mack Trucks talks truck sales, technology
Jonathan Randall, senior vice president of sales and marketing for Mack Trucks, took the stage at the ATA MCE in San Diego to provide a market and Mack product update.
Class 8 orders for September stuck in down cycle; medium-duty numbers fall
FTR reports preliminary North American Class 8 orders for September at 12,100 units, up 13% m/m but down 72% y/y.
Trailer preliminary net orders up fractionally, trail last year
ACT Research’s preliminary estimate for August 2019 net trailer orders is 10,500 units. Final volume will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally, ACT says.
FTR’s shippers conditions reflects mainly positive market conditions
FTR’s Shippers Conditions Index (SCI) for July fell back from June’s 8.8 measure to a still-positive reading of 4.3, FTR reports. The SCI reflects a mixed freight environment with the industrial sector flat or worse, but consumer spending is still healthy. Firmer freight rates in July contributed to the decline in the index.
