Class 8 orders hit historic high in June
The historically strong truck order market has shown no sign of slowing down, as preliminary June numbers from both FTR and ACT Research show another record-setting month in June. FTR has preliminary North American Class 8 orders for June at 41,800 units, making it the highest June ever recorded, 140% above a year ago. North
Trailer backlogs stretch through end of year as orders rise 27% year-over-year
According to ACT Research Co., the normally slow month of May instead saw a 27% year-over-year increase in trailer orders. This was down 2% compared to April in raw numbers, but seasonally adjusted actually represented a 23% month-over-month increase, ACT reported. “With assistance from dry vans, the industry posted the eighteenth straight month with y/y
Used truck prices strong in May as equipment supply remains tight
According to the numbers from ACT Research Co., used truck sales declined 3% month-over-month in May, but sales are up 12% year-to-date compared to 2017. ACT noted that sales usually fall in May so this drop was not unexpected. The report also indicated that the average price of total used Class 8 trucks rose 11%
FTR’s Trucking Conditions Index reflects favorable environment for carriers
FTR’s most recent Trucking Conditions Index (TCI) came in at a reading of 11.5 for April, which reflects strong freight demand and continued tightness in capacity. According to FTR, carriers can expect the favorable conditions to improve further into Q3 and stay elevated well into 2019. The tight labor market, including a shortage of drivers,
Class 8 orders continue above-capacity trend
At the top line, NA Class 8 net orders totaled 35,608 units in May. While below the 492k SAAR of Q1’s orders, May’s 478k SAAR continues the trend of order activity well above industry capacity, according to ACT Research. Click here for our full archive of Market Data stories. “Continuing to be led by Canada
Trailer orders stronger than normal in May; backlogs continue into 2019
According to preliminary numbers from ACT Research Co. and FTR, May trailer orders declined slightly month-over-month in May, but are up significantly over last May, continuing a torrid pace of orders in 2018. ACT’s preliminary estimate for May 2018 net trailer orders is 23,300 units. “Fleet investment continues at a torrid pace. Net trailer orders
Truck orders continue strong year with record May numbers
An extremely strong 2018 for truck orders has continued with the May numbers. According to both FTR and ACT Research, May Class 8 orders exceeded 35,000 units, making for one of the best months of May on record. FTR’s preliminary number for Class 8 orders is 35,200 units, the third-highest May on record. FTR noted
Final April trailer orders strong, industry committed through November
While the company’s preliminary estimate was 23,100, ACT Research is now reporting that the trailer industry closed April a bit stronger, with just below 24,000 net orders. “The final result outpaced our preliminary estimate, an indication of the continuing strength in trailer demand, even as we slide from order season to build season,” said Frank
April used Class 8 truck sales flat month-over-month
Despite short-term stability, used Class 8 truck sales volumes were up 10% year-to-date, according to the numbers from ACT Research Co. The report also indicated that the average price of total used Class 8 trucks rose 2% year-over-year, while average mileage fell 1% y/y and the average age of used Class 8 trucks dropped 4%
Truck orders remain strong in April
According to ACT Research Co., Class 8 orders stayed strong in April, totaling 34,735 units and remaining well above industry capacity. “As has been the case through the past seven months of rising backlog, the U.S. and Canada were the primary drivers of April’s market strength. Canada was the only market to experience a month-over-month
Trailer order backlogs stretch into 2019
According to the preliminary numbers from both ACT Research Co. and FTR, trailer orders were up year-over-year but down month-over-month in April, continuing a strong year for the trailer industry. After several strong months, order backlogs are now stretching into the fourth quarter of this year, and in some cases, into 2019. ACT’s preliminary estimate
Truck orders drop in April, still strong year-over-year
According to the numbers from both FTR and ACT Research Co., truck orders predictably fell in April from the stratospheric heights reached in January through March of this year; however, the numbers were still significantly improved year-over-year for April. FTR reported that preliminary North American Class 8 orders for April dropped to 34,700 units for the
