Used truck sales fall in September
Used Class 8 truck same dealer truck sales fell 11% month-over-month in September. The drop reversed a growth trend that started in February, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. The average price of used Class 8 trucks rose 1% month-over-month while
Retail sales of natural gas-fueled heavy-duty trucks down YTD
According to the numbers from ACT Research Co., U.S. and Canadian natural gas (NG) Class 8 truck retail sales declined in the June to August period. Year-to-date (YTD) sales through August continued to lose ground, falling 29% behind last year’s comparable level from a reading of 25% lower for year-to-date May, as reported last quarter.
Market data update: October preliminary heavy-duty truck orders flat
Preliminary data is in for the month of October: ACT Research Co. reports that 32,400 net orders were booked for Classes 5-8 in the month (18,400 units for medium-duty, and 13,900 for heavy-duty), while FTR reports the heavy-duty order number at 13,800. “NA Classes 5-7 orders at 18,400 units, were down 10% from September and
Trailer orders fall in September
According to FTR, final September net trailer orders came in at 11,800 units, down 16% month-over-month and -66% year-over-year. Dry van orders fell even further than overall trailer orders, -43% m/m and -80% y/y. In spite of falling trailer orders, build for September was up 10% per day over August. The lower than expected orders and
Market data update: September Class 8 preliminary numbers show modest decline
Class 8 truck preliminary order numbers are in for September, and show a small decline over August. ACT Research data shows 13,900 Class 8 net orders, while FTR’s number is 13,800, a 2% decline from August. “Owing to September’s dubious distinction as the weakest net order month of the year, seasonal adjustment boosts the month’s
FTR Shippers Conditions Index for July remains near neutral
FTR’s Shippers Conditions Index (SCI) for July, showing a miniscule improvement from June, remains at a near neutral reading of -0.1. The index will continue to hover around equilibrium until early 2017 when steady increases in regulatory drag will increase trucking costs due to tightened capacity. The additional regulations queued up affecting the trucking industry
Class 8 orders improve in August
Class 8 net truck orders rose to a three-month high of 14,200 in August, the best showing since March, according to data from ACT Research Co. This was aided in part by cancellations, which fell to a 33-month low. Medium-duty net orders were up month-over-month, totaling 17,100 units, in-line with the order trend in place
FTR’s Trucking Conditions Index improves in July
FTR’s Trucking Conditions Index (TCI) for July received a bounce to a reading of 5.99, reflecting improved market prospects due to moderate economic growth and a regulatory agenda that will tighten capacity utilization. Building regulatory drag over the next eighteen months should increase pricing and margins for fleets that have capacity. TCI readings for the
August trailer orders up month-over-month, down year-over-year
Final August net trailer orders came in at 14,000 units, up 48% from July, according to FTR’s numbers. While August trailer orders improved month-over-month, they were down 48% year-over-year. Order activity was moderately above expectations, as dry van orders and flatbeds rebounded from a weak July. Orders have totaled 250,000 units over the past twelve
Preliminary August Class 8 orders slightly above expectations, but below last year
Preliminary Class 8 net orders for August, as reported by FTR, came in at 14,000 units, slightly above expectations and a 36% improvement over July. However, the Class 8 order activity for August was the weakest for that month since 2010 and down 35% from August 2015. Class 8 orders for the last twelve months
FTR, Truckstop.com share truck pricing insight
As FTR and Truckstop.com continue their analysis of spot market pricing, their research has unearthed a steady stream of new insights about truck pricing. Here are three quick observations from Noel Perry, transportation economist at FTR, which are now much clearer because of big data. “Spot prices have been rising more than contract prices. The
FTR Shippers Conditions Index reflects slow growth
FTR’s Shippers Conditions Index (SCI) for June, at a near-neutral reading of -0.7, reflects slow freight growth typical of late recovery status and a lull in the new capacity-constraining regulations that are not in effect as of yet. Even though the SCI is only modestly positive at the moment, it is sure to feel favorable
