Class 8 supply rising faster than demand for fourth straight month
The supply of Class 8 trucks continues to rise faster than demand for trucks, according to the most recent ACT For-Hire Trucking Index from ACT Research Co. “The capacity index [supply] rose faster than the freight index [demand] for the fourth consecutive month and the tenth time in the past twelve months in December,” said
Commercial vehicle demand ends the year on an upbeat note
For the month of December, 49,700 Classes 5-8 vehicle orders were booked, up 40% month over month, according to ACT Research Co.’s preliminary numbers. “December’s volume represented the strongest aggregate month for net orders since 50,900 orders were booked in February 2015,” said Kenny Vieth, ACT’s president and senior analyst. “Despite being up sequentially, orders
FTR’s December numbers show sales rebounding
FTR has released preliminary data showing December 2015 North American Class 8 truck net orders at 27,800 units, a 70% improvement over a disappointing November and considerably above expectations. December 2015 orders were down 36% year-over-year. When combining November and December, Class 8 orders were close to the average for the past ten months and
U.S. trailer orders rose significantly in November
According to the most recent State of the Industry report from ACT Research Co., trailer net orders in November gained 18% month-over-month (m/m) and 10% year-over-year (y/y). “It can be difficult to fully appreciate the strength of trailer orders in the past two years, with six of the industry’s top ten strongest order months having
Latest ACT report finds classes 5-7 market growing, class 8 segment weak
Class 8 booked 16,770 net new orders in November, while Classes 5-7 posted 18,850 net orders, according to the latest State of the Industry report from ACT Research Co. The report covers Classes 5 through 8 vehicles for the North American market. Kenny Vieth, ACT’s president and senior analyst, noted that lingering weakness in the industrial economy
Class 8 orders down in November
For the month of November, 35,300 Classes 5-8 vehicle orders were booked, down 26% from October and down 37% from November 2014’s outsized rate of order placements, according to ACT Research Co. Note that these numbers are preliminary. Actual numbers will be published in mid-November. At 16,600 units in November, North American Class 8 net orders were
FTR’s Trucking Conditions Index continues to fall in October ahead of expected improvements in 2016
FTR’s Trucking Conditions Index (TCI) measure for October fell more than three points from September to a reading of 5.06. The TCI was projected by FTR to decline through 2015 Q4, so the October reading was not unexpected by FTR. Conditions are expected to improve for truckers in 2016 as shippers become concerned with the
Class 8 supply continues to rise faster than demand
The supply of Class 8 trucks continues to rise faster than demand for trucks according to the most recent ACT For-Hire Trucking Index from ACT Research Co. “The capacity index [supply] rose faster than the freight index [demand] for the third consecutive month and the tenth time in the past twelve months in November,” said
October used truck sales fall month-over-month and year-over-year
Used Class 8 truck metrics continued to be mixed in October, according to the latest State of the Industry report from ACT Research Co. The report says that volumes shrank 3% month-over-month, despite longer term comparisons being stable, with volumes down a mere 1% year-over-year and the past nine months flat, relative to the same
The used truck conundrum
How long are you keeping your trucks? Are you looking for used trucks and having a hard time finding them? If so, you’re not alone. Fleet Advantage recently conducted a survey designed to take the pulse of truck fleet managers on topics that included equipment acquisition and disposition. The survey produced puzzling outcomes. While 70%
FTR shows Class 8 orders at the lowest since September 2012
FTR has released preliminary data showing November 2015 North American Class 8 truck net orders at 16,475, 59% below a year ago and the lowest level since September 2012. This was the weakest November order activity since 2009 and came significantly below expectations. All of the OEMs but one experienced unusually low orders for the month. FTR
FTR’s Shippers Conditions Index reflects benign conditions for shippers
FTR’s Shippers Conditions Index (SCI) for September, at a near neutral reading of -0.5, reflects benign conditions for shippers. The index will start a steady downward trajectory during 2015 Q4 through 2016, reflecting the current expectations for freight haulers to institute increased pricing toward the end of next year. A portion of the index is