Heavy-duty orders up m/m, medium-duty orders trend downward
Class 8 orders in May rose 4% month-over-month (m/m), but contracted nearly 31% on a year-over-year (y/y) basis, to a total of 14,224 units; medium-duty net orders, meanwhile, totaled 17,865 units, down m/m and y/y, according to the State of the Industry report from ACT Research Co. “The Class 8 market, specifically the tractor segment, continues
Class 8 demand rose faster than supply in May
For the first time this year and only the third time in 18 months the demand for Class 8 trucks rose faster than the supply, according to the most recent ACT For-Hire Trucking Index from ACT Research Co. “May showed the first meaningful increase in freight volumes in nine months,” said Steve Tam, ACT’s vice
FTR’s Trucking Conditions Index remains at a low level
FTR’s Trucking Conditions Index (TCI) for April at a 6.2 reading, while up month-over-month, reflects soft market conditions affecting the trucking sector. The market is mired in a slowdown with truck freight growth slowing and a modest amount of excessive equipment. FTR is currently forecasting a transition to moderate growth toward the end of the
May Class 8 orders tick up, medium-duty sales fell
According to preliminary numbers from FTR and ACT Research Co., heavy-duty truck orders were up for May, while medium-duty sales fell. FTR has released preliminary data showing May 2016 North American Class 8 truck net orders only up slightly from April to 14,100 units, a 4% m/m comparison. Orders for Class 8 vehicles remained subdued
FTR’s Shippers Conditions Index falls after four improved months
FTR’s Shippers Conditions Index (SCI) fell to a near neutral reading of 0.4 in March after improving for each of the four previous months. The risk of diesel prices rising has put pressure on the fuel cost component of the index, reflected in the current month’s decline. However, FTR expects the SCI to remain in
Good news, bad news: Trailer orders up month-over-month, down year-over-year
U.S. trailer orders rose 12% month-over-month but fell 7% year-over-year in April, according to the most recent State of the Industry: U.S. Trailers from ACT Research Co. “New orders continued to meander in April, the result of fleet caution about current freight conditions and the extent of the current backlog,” said Frank Maly, director of CV transportation analysis and
Used truck sales drop month over month
Used truck sales fell month-over-month and year-over-year in April according to ACT Research Co. This ended what had been an upward trend for used Class 8 sales so far this year. This information comes from the latest State of the Industry: U.S. Classes 3-8 Used Trucks report from ACT. “April Class 8 used truck volumes fell
Class 8 truck orders drop in April
Class 8 truck orders in April dropped 16% month-over-month and 39% year-over-year, to a total of 13,676 units. Medium-duty net orders totaled 20,880 units, down 7% month-over-month but up 16% from April 2015.These results were published in the latest State of the Industry report, recently released by ACT Research Co. “For Class 8, U.S. tractors
Class 8 capacity still higher than demand
For the eighth straight month, the supply of Class 8 trucks has continued to rise faster than demand, according to the most recent ACT For-Hire Trucking Index from ACT Research Co. “For an eighth consecutive month the fleet capacity index has risen faster than the freight index,” said Kenny Vieth, ACT’s president and senior analyst.
FTR’s Shippers Conditions Index reads favorable for shippers
FTR’s Shippers Conditions Index (SCI) continued to improve for the fourth consecutive month to a reading of 4.7 in February. The measure will remain relatively positive for shippers in 2016 before starting a steady move downward towards year end and likely lasting through 2018 as a regulatory-driven capacity crunch takes hold, save any onset of
Once again, truck sales drop
Across the truck industry, sales numbers have been dropping. Preliminary numbers are in for April, and according to both FTR and ACT Research Co., heavy-duty sales are down for the month. ACT’s preliminary numbers show 33,800 new orders from Classes 5-8 (13,700 from Class 8 and 20,100 from Classes 5-7). That’s a 16% drop from March and a
Final numbers for March used truck sales are a mixed bag
Used Class 8 truck metrics continued to be mixed in March, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “March Class 8 used truck volumes, up 8% month-over-month, continued their upward trek, following a significant recovery last month from January’s low. This, however,