Class 8 truck orders beat expectations, classes 5-7 on the rise
According to the latest State of the Industry report from ACT Research, Class 8 booked just more than 24,600 net new orders in July, while Classes 5-7 posted 15,900 net orders. Kenny Vieth, ACT’s president and senior analyst, noted that at the midway point of quarter three, the economy and freight markets are being buffeted by cross-currents, generating
FTR’s Trucking Conditions Index rises to its highest level of 2015
FTR’s Trucking Conditions Index (TCI) measure for June rose back up from May, jumping 56% to 7.66, hitting the highest level of 2015. Freight growth slowed during Q2, but rates continue to show growth and margins are still good. FTR expects regulatory conditions and a continued economic recovery to fuel an accelerating index during 2016.
Class 8 orders rise in July for the first time this year
FTR has released preliminary data showing July 2015 North American Class 8 truck net orders rose for the first time this year to 23,920 units. This is up 21% month-over month, but down 19% versus last July. Class 8 orders were much higher than expected as a few big fleets placed their large 2016 requirement orders
Truck orders continue year-over-year decline
For the month of July, 39,400 Classes 5-8 vehicle orders were booked, up 10% from June and down 14% compared to July 2014. “ACT Research continues to believe the recent order decline is a reflection of meaningfully larger backlogs and tough comps rather than any structural change in demand,” said Kenny Vieth, ACT’s President and
Class 8 used truck volumes increased in June
While the average age of Class 8 used trucks was flat in June and the average miles of sold used trucks slipped 2% month-over-month, the average sale price remained strong. Prices were up 3% year-over-year. They also rose 7% year-to-date, which puts them in line for ACT’s expectations of 5-10% growth in 2015. Total reported
Trailer orders surge in June
Trailer net orders in June, at nearly 27,900 units, jumped more than 73% compared to May, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. “Although not the strongest June on record (that was the 32K volume of June 1994), the June 2015 order surge is exceptionally early, with
Class 8 truck orders slow in June
Class 8 truck net orders were just under 20,300 units in June, while Classes 5-7 posted 15,500 net orders, according to the latest numbers from ACT Research. ACT recently released its newest State of the Industry report, which covers Classes 5 through 8 vehicles for the North American market. The slow June numbers were expected by ACT.
Trailer orders rebounded in June
After a few down months, U.S. trailer orders have rebounded in June, according to FTR. FTR’s numbers indicate that net orders were 26,700, a 76% increase from May and 32% better than a year ago. Several large dry van orders for delivery in 2016 boosted June orders with refrigerated van orders also exceeding expectations. The
Truck orders have peaked, now what? FTR forecasts growth for trucking industry
New truck orders and backlogs have peaked; what now? That’s precisely the question FTR is trying to answer. FTR, a company that uses analytics and history to project the future of the transportation market, held a recent seminar to discuss the future of the truck and trailer industry. Taking a look at the market trends, FTR believes
Classes 5-8 truck net orders decline for third consecutive month
ACT Research has found a decline in orders of Class 5-8 vehicles in June, the third consecutive month in which there has been a decline. 34,600 Classes 5-8 vehicle orders were booked in June, which is down 14% from May and down 17% compared to June of last year. ACT does note that these are
Class 8 used truck prices flat in May
ACT Research Co. released its State of the Industry report on US Class 8 truck sales and prices and found that volumes fell in May but were up over the year, while prices have remained flat. ACT, one of the foremost sources for new and used commercial vehicle (CV) industry data, market analysis and forecasting services
Trailer orders continue slide
FTR reports May 2015 U.S. Trailer net orders were 15,200 units, 14% below the previous month and -29% year-over-year. The traditional summer slide continues, earlier and more pronounced than normal; however, there is still plenty of backlog available to support strong build rates through the end of the year. U.S. trailer orders have annualized over