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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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Early reports on trailer orders are projecting a record high for the month of July, more than doubling the amount seen in 2017.
Read More →June trailer orders are expected to fall for the sixth month in a row as the equipment sector enters the traditionally slow summer months, according to a preliminary report from FTR.
Read More →Early trailer order numbers from FTR Intelligence reflect an impressive showing for the month of May, despite an expected seasonal decline.
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The experts at FTR crunch the spot freight numbers to analyze the effect this year's inspection blitz focusing on hours of service affected trucking capacity.
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May was another strong month for new Class 8 truck orders as fleets work to keep up with increased demand in a tight capacity environment.
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FTR’s Trucking Conditions Index for March fell more than five points from the previous month’s record high. But it remains indicative of a favorable environment for carriers.
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Mixed economic signs aside, trucking will remain strong for the remainder of the year, FTR economist Eric Starks told attendees at HDT's Heavy Duty Trucking Exchange event in Scottsdale, Arizona.
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