Sunday, April 22, 2018

FTR: North American Class 8 orders up over 28% month-over-month, 116% over 2017


Friday, February 9, 2018
by THE TRUCKER NEWS SERVICES

North American Class 8 orders for the past 12 months have now totaled 316,000 units. Pictured is the Kenworth T680 Advantage 76-inch sleeper. (Courtesy: KENWORTH)
North American Class 8 orders for the past 12 months have now totaled 316,000 units. Pictured is the Kenworth T680 Advantage 76-inch sleeper. (Courtesy: KENWORTH)

BLOOMINGTON, Ind. — FTR reports preliminary January North American Class 8 orders were at 47,200 units, significantly higher month-over-month at plus 28 percent and year-over-year up 116 percent.

January Class 8 orders surpassed even the strong fourth-quarter 2014 activity and were only lower than the orders from early 2006.

The North American equipment market continues to strengthen as the year progresses. North American Class 8 orders for the past 12 months have now totaled 316,000 units.

“Orders for heavy-duty trucks surged to start 2018,” said Jonathan Starks, chief operating officer. “These levels were well above our already strong expectations and continue to indicate that the equipment markets are still reacting to the tight capacity in the truck marketplace. January is normally a seasonally weaker month, except when the market is on a clear upswing. Capacity continues to remain historically tight and truckers are taking advantage of the opportunity with spot rates on the Truckstop.com load board up 30 percent year-over-year in January. Near-record levels can't last for long, but orders could stay quite elevated throughout the spring."

FTR’s forecasters collect and analyze all data likely to impact freight movement, issuing consistently reliable reports for trucking, rail, and intermodal transportation, as well as providing demand analysis for commercial vehicles and railcars.

FTR’s forecasting and specially designed reports have resulted in advanced planning and cost-savings for companies throughout the transportation sector.

For more information about the work of FTR, visit www.FTRintel.com, follow on Twitter @ftrintel, or call (888) 988-1699 Ext. 1.

 

Video Sponsors