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.
June Class 8 truck orders rise incrementally from May
According to recent FTR and ACT Research reports, preliminary North American Class 8 orders for June are at about 13,000 units, up around 20% from May.
U.S. trailer net orders continue to drop in May, ACT Research reports
New U.S. trailer orders of 15.5k were down 16% month-over-month, but after accounting for cancellations, net orders slid to 10.5k units, down 28% from April, according to ACT Research.
FTR’s shippers conditions index took step back in April
FTR’s April Shippers Conditions Index (SCI) took a step back in April to a reading of 1.9, close to a full point below March.
Preliminary used Class 8 volumes fell again in May
Preliminary used Class 8 volumes (same dealer sales) fell 14% month-over-month in May, the second consecutive sequential drop, according to ACT Research.
FTR Trucking Conditions Index improves slightly in April
FTR’s Trucking Conditions Index rebounded marginally in April to a -0.64 reading. Conditions improved slightly from the previous month, but TCI remains in negative territory.
May was the weakest month for Class 8 orders since July 2016
According to the latest numbers from both ACT Research and FTR, Class 8 orders had their weakest month this May since July 2016.
U.S. trailer orders easing, production remains robust, ACT Research says
Trailer industry net orders have eased since November 2018, but order weakness is not indicative of fleets’ unwillingness to invest, ACT Research reports.
Fleet Advantage survey shows fleets can better use data to lower total cost of ownership
Fleet Advantage has announced results of its latest industry-wide survey addressing the gap that remains for today’s fleets in the way they utilize data and business intelligence to run their trucks and fleet operations.
Class 8 measures are at cycle highs, trailer orders are weak, ACT Research reports
According to ACT Research’s recently released Transportation Digest, Class 8 retail sales and build remain at cycle highs, but signs are multiplying that the market momentum will start declining during the second half of this year.