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A strong September meant that North American Class 8 net orders set another record in the third quarter of 2018, breaking the record set in the first quarter of the year. FTR says it often faces skepticism about how fleets can possibly fill these trucks.
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September trailers orders shattered the previous record, reaching more than 56,000 units, according to preliminary numbers reported by FTR and ACT. That tops the previous high from October 2014 by over 10,000 trailers.
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ACT Research expects Class 8 truck orders to slip to a still robust 42,800 units, and when paired with record order highs in July and August, FTR expects the third quarter of 2018 to set an all-time record.
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FTR has added Intermodal Dash software to its newly released Intel•cast freight-forecasting platform.
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FTR’s Trucking Conditions Index spiked in July reflecting the pro-carrier freight environment that is likely to remain throughout 2018.
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Rising overall retail sales — both e-commerce and traditional — and the pressure to deliver products more quickly has led to more truckload and LTL delivery points, not fewer, resulting in greater pressure on capacity.
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Trailer orders in August are expected to exceed projections for the second straight month, showcasing just how hot equipment sales have remained so far in 2018.
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At the FTR Transportation Conference, speaker after speaker attempted to capture just how hard-galloping the economy is and the positive if head-spinning impact that is having on the market for moving freight.
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Analysts are projecting another record-breaking month for Class 8 truck orders in August, according to preliminary numbers.
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The FTR Trucking Conditions Index for June came in “basically unchanged” from May-- which the research group said reflects that trucking capacity “remains very tight.”
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