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Orders & Indices

01.04.19

FTR Reports North American Class 8 Orders Fell Again in December to 21,000 Units

   FTR reports preliminary North American Class 8 orders for December fell to 21,000 units, the lowest total since August 2017.  December order activity was as expected, with fleets ordering to secure a dwindling number of available build slots in the second half of 2019.  There are few build slots remaining for 2019, so expect orders totals to remain low the next several months. Backlogs will continue to fall but will remain lofty at the beginning of 2019.  Class 8 orders for the past 12 months have now totaled 482,000 units. 

12.20.18

FTR Reports Final Trailer Orders for November at 45,000 Units

Final trailer orders for November, as reported by FTR, came in at 45,000 units.  November 2018 trailer orders were 17% below the impressive October activity, but with a 5% y/y increase, it was the fifth highest order month ever and the best November in history. Trailer orders for the past twelve months now total 427,000 units.

Trailer orders were elevated for the third month in a row as dry van fleets placed large requirements orders for the second half of 2019. Orders for other trailer segments retreated back to more normal totals, after being near record levels the previous two months. 

12.18.18

FTR’s October Shippers Conditions Index Indicates the Worst May Be Over

 FTR’s Shippers Conditions Index (SCI) for October improved to a reading of -2.1, showing indications that the worst may well be over for shippers.  They are seeing the best environment in more than a year because of stabilizing rates and moderating fuel prices.  The range of SCI readings should continue this trend into 2019 possibly even entering positive territory by mid-year.  Increasing capacity, rate stabilization and the continued soft fuel prices are all positive factors for shippers.

12.14.18

FTR Trucking Conditions Index for October Dips Again M/M

FTR’s Trucking Conditions Index for October fell to a reading of 3.17, more than a point lower than September, which had seen a significant dip from August when the TCI measure was in plus double digits. Stabilizing truckload rates and a short-lived run up in diesel prices were largely responsible for a continued deterioration in trucking conditions during October. In spite of the fact that the October reading was the lowest since August 2017, FTR’s outlook for trucking conditions look stronger in the near term with the TCI rebounding to a better level for months to come.

Details of the October TCI are found in the December issue of FTR’s Trucking Update, published November 30. The ‘Notes by the Dashboard Light’ section in the current issue discuss the likely return to stability in the trucking market in 2019 after a significant period of extraordinary strength. Along with the TCI and ‘Notes by the Dashboard Light,’ the Trucking Update includes data and analysis on load volumes, the capacity environment, rates, costs, and the truck driver situation.

12.14.18

FTR Trucking Conditions Index for October Dips Again M/M

FTR’s Trucking Conditions Index for October fell to a reading of 3.17, more than a point lower than September, which had seen a significant dip from August when the TCI measure was in plus double digits. Stabilizing truckload rates and a short-lived run up in diesel prices were largely responsible for a continued deterioration in trucking conditions during October. In spite of the fact that the October reading was the lowest since August 2017, FTR’s outlook for trucking conditions look stronger in the near term with the TCI rebounding to a better level for months to come.

Details of the October TCI are found in the December issue of FTR’s Trucking Update, published November 30. The ‘Notes by the Dashboard Light’ section in the current issue discuss the likely return to stability in the trucking market in 2019 after a significant period of extraordinary strength. Along with the TCI and ‘Notes by the Dashboard Light,’ the Trucking Update includes data and analysis on load volumes, the capacity environment, rates, costs, and the truck driver situation.

12.12.18

FTR Reports North American Class 8 Orders Fell in November to 27,500 Units as Few Build Slots Remain Available for 2019

  FTR reports preliminary North American Class 8 orders for November fell to 27,500, as the market winds down from five consecutive months topping 40,000 units.  November orders were the lowest total this year and the weakest since September 2017.  However, the drop off in order activity was expected, as OEM’s have nearly filled their order boards for 2019.  Backlogs will start to recede, but still remain close to record volumes.  North American Class 8 orders for the past twelve months have now totaled 499,000 units.

11.28.18

FTR Reports Tremendous Trailer Order Activity in October

Trailer orders were tremendous for the second month in a row. October’s total was 53,000 units, coming in just under last month’s record setting number. Additional OEM’s started taking orders for the second half of 2019 and their customers responded by placing huge orders to reserve future build slots.  Supply for production parts and components remains tight.

October 2019 trailer orders exceeded the same month last year by 67%, with orders for the past twelve months now at 423,000.  Both dry van and flatbed orders were very robust but refrigerated vans moderated somewhat.

11.28.18

FTR Trucking Conditions Index for September Lowest in a Year

FTR’s Trucking Conditions Index for September fell to the lowest level in a year at a reading of 4.58. It is the first time the TCI measure has fallen to single digits since December 2017, and is a reflection of some stabilization in freight rates and demand. Holiday shipping should keep volumes, capacity, and rates healthy causing the TCI to rise through the end of 2018. However, the index is forecast to begin a gradual softening through most of 2019.

Details of the September TCI are found in the November issue of FTR’s Trucking Update, published October 29, 2018. The ‘Notes by the Dashboard Light’ section in the current issue has an analysis of the fundamental factors in play and the dynamics of the current housing market. Along with the TCI and ‘Notes by the Dashboard Light,’ the Trucking Update includes data and analysis on load volumes, the capacity environment, rates, costs, and the truck driver situation.