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March trailer orders posted an unexpected monthly jump, but demand still trails historical norms as fleets prioritize power units over trailing equipment.
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Strong freight rates push TCI to 10.2, but FTR expects fuel-price volatility to skew March results.
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Fuel prices aside, Class 8 demand remains elevated as freight fundamentals improve and fleets regain confidence in long-term investments.
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Strong freight rates, rising volumes and tighter capacity push trucking conditions higher, though diesel prices could temper gains in the near term, FTR cautions.
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FTR said preliminary Class 8 truck orders jumped 47% month over month and 159% year over year as improving freight conditions and clearer regulatory outlook boost fleet confidence.
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FTR says net trailer orders are flat month over month at 24,206 units, with 2026 orders still trailing last year.
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Improving freight rates and tighter capacity push FTR’s Trucking Conditions Index to its highest level in nearly four years.
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Although FTR's trucking conditions index improved to essentially neutral in August, U.S. trucking activity as measured by tonnage dropped in September to the lowest in three months, and North American Class 8 net orders in September were the weakest since 2019.
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Both ATA and FTR are reporting that August showed a rare second straight month of gains for North American trucking activity.
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When is trucking going to get out of the "sluggish morass" when it comes to freight and rates? The analysts at FTR shared their projections on economic and freight indicators and forecasts.
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