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Class 8 truck orders continued to climb steadily in August, while medium-duty truck orders have stagnated a little, according to preliminary numbers from transportation analysts FTR and ACT Research.
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Noel Perry with FTR and Truckstop.com explores what spot freight data can tell us about Hurricane Harvey’s impact to the trucking industry, examining how the market is predicting conditions on the ground.
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Recent reports on industrial activity have done little to change FTR's viewpoint on the strength of the U.S. economy or freight demand.
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FTR’s Trucking Conditions Index fell by more than two points in June as a result of increased costs for labor, fuel, and equipment, reflecting less favorable conditions for trucking.
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The final trailer order numbers for the month of July have been released by transportation industry analysts FTR and ACT Research, showing a steep decline from the previous month, but an increase overall compared to last year.
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Class 8 truck orders are expected to increase in July compared to the previous month and previous year, according to preliminary numbers from ACT Research and FTR.
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The final net trailer order numbers for the month of June have been published by FTR, showing a 12% increase from the previous month.
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FTR and Truckstop.com have announced that Noël Perry, a partner at FTR, will lead the economic analysis for Truckstop.com, assuming the role of chief economist for the load board and technology company.
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FTR released a new report detailing the economics of using twin 33-foot trailers, showing that only in specific cases would the extra capacity lead to a benefit. However, for those fleets, the increase would be worth it.
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FTR’s Trucking Conditions Index showed improving freight demand while ACT Research's For-Hire Trucking Index indicated that fleets were looking to buy new equipment.
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