FTR Trucking Conditions Index improves in June, but still negative
FTR’s revised Trucking Conditions Index (TCI) showed a significant improvement in June but remained in slightly negative territory at a reading of -0.82.
Medium- and heavy-duty orders weak in July
Preliminary North America Class 8 net order data show the industry booked around 10,000 units in July. ACT Research reported 10,200 units in July, down 21% from June and the lowest monthly order tally since February 2010, while FTR reports preliminary North American Class 8 orders for July were 9,800 units.
Class 8 market on the cusp of significant correction, ACT says
According to ACT Research’s recently released Transportation Digest, the Class 8 market is on the cusp of a significant correction, the company says.
FTR’s Shippers Conditions Index improves sharply in May
FTR’s Shippers Conditions Index (SCI) for May improved sharply to a reading of 5.6, nearly four points higher than the April reading.
Class 8 natural gas truck retail sales up 10% M/M, 60% Y/Y, 43% YTD in May, ACT says
U.S. and Canadian Class 8 natural gas truck retail sales for the first five months of 2019 gained 43% year-to-date, according to a recent quarterly report (AFQ: Alternative Fuels Quarterly) released by ACT Research. Year-to-date sales at this point in 2018 were down 18%, following a 13% full-year increase in 2017.
Class 8 orders are up, but situation is temporary, ACT says
According to ACT Research’s latest State of the Industry: Classes 5-8 Report, June’s Class 8 order broke the string of falling order volumes, with the opening of 2020 order books, garnering a 19% rebound.
ACT’s For-Hire Trucking Index for June shows declines
The latest release of ACT Research’s For-Hire Trucking Index, June data, showed nearly across-the-board declines, with capacity again the lone exception.
Preliminary June 2019 trailer net orders down 41% from May, 69% below last year
ACT Research’s preliminary estimate for June 2019 net trailer orders is 6,200 units.
Used Class 8 sales fell for third consecutive month
Preliminary used Class 8 volumes (same dealer sales) fell 8% month-over-month in June, the third consecutive sequential drop, according to the latest numbers from ACT Research.
FTR Trucking Conditions Index weakens in May
FTR’s Trucking Conditions Index fell back nearly two points in May to a new reading of -2.3.
Freight recession continues but upturn coming, ACT Research says
ACT Research maintained its view that truckload and intermodal contract rates will fall this year due to overcapacity and weak freight demand in its July installment of the ACT Freight Forecast, U.S. Rate and Volume outlook covering the truckload, intermodal, LTL and last mile sectors.
Class 8 used truck pricing remains strong, J.D. Power finds
In the June 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported May’s Class 8 market was basically the opposite of April, with pricing down and volume up in the auction channel.
