Class 8 Truck Orders for February 2024
FTR reported that Class 8 truck orders for February came in at 25,700 units, down 9% from January but up 11% y/y.
FTR reported that Class 8 truck orders for February came in at 25,700 units, down 9% from January but up 11% y/y.
FTR reports December U.S. trailer net orders rose 10% over November to 23,434 units and were 16% above the monthly average for 2023.
FTR reports November U.S. trailer orders fell by more than 13,000 units. Trailer orders were down 45% versus November 2022.
The FTR Transportation webinar, Transitioning to Growth in 2024, will examine key factors affecting the rail, intermodal, and trucking sectors.
FTR reported Class 8 orders for October at 28,000 units, down 10% from September and 35% from October 2022.
FTR has announced the lineup of keynote speakers for the Annual Transportation Conference being held in Indianapolis, Indiana.
FTR reports preliminary North American Class 8 net orders for July are above expectations but still running below replacement demand.
FTR has extended the early-bird registration savings offer for their 19h Annual Transportation Conference.
FTR Reports Preliminary North American Class 8 Net Orders for May Were Above Expectations, Rising 9% M/M to 13,600 Units … Read more
FTR reports that preliminary North American Class 8 net orders fell in April for the sixth time in the last seven months.
FTR’s Trucking Conditions Index in February declined to -5.17 from January’s -1.71 reading, reflecting weaker freight rates and volume.
The January 2023 Shippers Conditions Index was still the strongest since May 2020. The SCI is forecast to remain stable into 2024.
With lower fuel prices playing a significant role, the FTR Shippers Conditions Index (SCI) jumped to 10.32 in December.
Aside from falling fuel costs, FTR’s Trucking Conditions Index in December was broadly negative.
Preliminary North American Class 8 net orders have declined for the fourth consecutive month after reaching a record high in September 2022.
Trailer backlog levels returned above 200,000 units as Trailer Orders hit a new monthly record of 56,949 units.
FTR reports that U.S. trailer net orders surged in October to 44,000, rising 91% from the previous month.
The freight environment was tougher for shippers in September as capacity utilization tightened and freight volume increased.
FTR has revised their previous report regarding September trailer orders. The new report indicates that September trailer orders increased 29%.
FTR reports preliminary trailer orders fell 25% in September. Component shortages continue to hinder production.
Labor conditions, component supply chains, and volatile raw material prices continue to prevent OEMs from committing to new trailer orders.