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Recent economic reports from trucking industry analysts show a decline in the freight market in the near term, but it could stabilize in the long term.
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Trailer orders continued to slide in May as OEMs catch up on building orders from last year. But with few signs that ordering will pick up again this year and a slowing economy, could it mean lower prices for fleets in the future?
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It’s no secret that orders for Class 8 trucks have been in decline this year, but May is projected to hit new lows, according to preliminary reports from FTR and ACT Research.
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Decreasing freight rates, sluggish demand and slow truck orders are all signs of a trucking industry that has finally hit the brakes on the 2018 economic boom.
Read More →Trailer orders in March fell to the lowest level since late 2016, according to reports from analysts at FTR and ACT Research – but demand's still high.
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March Class 8 truck orders fell once again, falling below the 20,000 unit threshold for the third consecutive month.
Read More →Reports from FTR and ACT Research confirm that Class 8 truck orders were down in February. However, the medium-duty Class 5-7 truck segment continued its solid upward trend.
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January trailer order numbers were down to start the year as fleets and trailer makers are still dealing with the large amount of orders made in 2018.
Read More →Truck orders got off to a slow start in 2019 with early reports from industry analysts ACT Research and FTR tracking a 26% decline in January compared to December 2018.
Read More →Despite a significant drop off in trailer orders to close out the year, 2018 was the best year on record for trailer orders, according to preliminary reports from ACT Research and FTR.
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