October was the second best month on record for orders of Class 8 trucks, increasing 87% over September to nearly 46,000 units, according to FTR.
by Staff
November 4, 2014
Photo: International.
2 min to read
Photo: International.
Orders for Class 8 trucks in October jumped 87% over the previous month to 45,795 units, the second highest amount of orders ever recorded in a single month, according to the latest FTR report. Orders were 76% higher year over year.
ACT research also published a report on October truck orders expanding its focus to include Class 5-7. It found that the past 12 months have been the strongest such period since January 2007.
Ad Loading...
Class 8 orders for the last six months stand at 354,000 units, a major increase from the previous six.
“The huge amount of orders was driven by several very large fleets placing orders to be built throughout 2015,” explained Don Ake, vice president of commercial vehicles at FTR. “This is the result of the industry operating near full capacity and fleets having confidence that freight growth will remain strong for the entire year in 2015.”
Fleets are locking in their orders today, in order to guarantee future deliveries, added Ake. The ACT report focused on what trends have led to the exceptional numbers.
Ad Loading...
"Class 8 net worders in October represent the convergence of a number of trends that continue to drive healthy order activity," said Kenny Vieth, president and senior analyst at ACT. "Those trends include pent-up demand amongst small and medium fleets, superior new truck fuel economy, improved economic activity in key freight sectors and most importantly, rising freight rates and fleet profitability."
Combined, class 5-8 orders are up 50% from a year ago though Medium-duty has seen more sublte rise, with 21,700 units ordered in October. This represents a 14% better number when compared to October 2013.
"On a seasonally adjusted basis, October's orders are slightly lower than actual at 19,400 units, but like actual, are the best month since April," said Vieth.
Westport and Volvo are demonstrating a 500-hp truck with diesel-like efficiency — one that also offers what Westport says is a better pathway to using hydrogen fuel in trucks.
New sensor integrations and component validation signal a shift from strategy to execution as Kodiak and Bosch push toward high-volume driverless truck deployment.
The evolution of the modern truck was a long, slow affair. But perhaps no other company did more to establish the template for what a modern truck should be, and how it should perform, than REO.
Western Star has expanded its operator-focused Star Nation competition and outreach to spotlight skill, attract new drivers, and strengthen industry ties.
The all-new Volvo VNR is jam-packed with advanced safety features. Join HDT for a first-hand look at how Volvo is keeping drivers safer and productive on the road.
At Volvo’s New River Valley customer center, the all-new VNR proves that maneuverability, safety, and driver confidence can coexist in a regional-haul workhorse.
March trailer orders posted an unexpected monthly jump, but demand still trails historical norms as fleets prioritize power units over trailing equipment.
A new autonomous truck startup company is targeting yard, port, and short-haul freight with a lighter, fully autonomous platform designed for dock-to-dock moves.