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FTR Reports North American Class 8 Orders for July Fall Below 10,000 Units for First Time Since 2010

08.02.19 | FTR


FTR reports preliminary North American Class 8 orders for July were 9,800 units, falling below a 10,000-unit threshold that has not been breached since 2010. Despite most order boards being opened for 2020 build slots, carriers appear in no rush to grab production capacity. July orders were 24% below an already soft June with a -82% y/y comparison. Class 8 orders for the past 12 months have now fallen to a total of 288,000 units.

Click here to view the latest release and an interactive graph of the Trailer Orders >


Jonathan Starks, FTR chief intelligence officer commented “Fleets continue to take a wait and see approach to 2020 equipment. Potentially higher equipment costs, uncertain demand, and enough available capacity in the market are keeping order activity at bay.”
 
Final data for July will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. To contact FTR, email sales@ftrintel.com or call (888) 988-1699 ext. 1.


 


The full trailer data is available as part of FTR's North American Truck & Trailer Outlook service.

Click here to view a sample report >


About FTR
For more than 30 years, FTR has served as the industry leader in freight transportation forecasting for the shipping, trucking, rail, intermodal, equipment, and financial communities in North America. FTR’s experts, with over 250 years of combined experience in the transportation industry, provide quantitative analysis with historical and modal-specific insights. FTR’s reports, data, commentary, and insights help clients evaluate market risks, identify new opportunities, and make informed decisions.
 
FTR is the only company with a complete set of freight data for all modes of transportation with detail at the 3 Digit STCC commodity level. FTR tracks and forecasts 200+ unique commodity groups both quarterly and annually using their proprietary Freight•cast U.S. freight transportation model. FTR’s Transportation Conference held annually in September in Indianapolis is a unique event bringing together every aspect of the freight transportation world into one place. For more information www.FTRconference.com
 
To learn more about FTR visit www.FTRintel.com, Follow us on twitter @FTRintel and connect with us on LinkedIn! To contact FTR, call 888-988-1699 or email FTR@FTRintel.com.