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FTR has increased its Class 8 and trailer order forecasts as a result of increased demand for equipment caused by what the research firm calls a "capacity crisis."
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Class 8 truck orders have surpassed expectations in February, at 40,200 units for the month, according to preliminary reports from FTR and ACT Research.
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Trailer orders in January will likely breach 39,000 units once the final numbers are tallied, indicating a strong start to 2018.
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FTR’s Trucking Conditions Index rebounded in December to a reading of 9.2, reflecting a full capacity environment with strong freight demand.
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It’s impossible to gauge the full impact of the electronic logging device mandate yet, between temporary exemptions and a phased-in enforcement period, and in fact we may not know the true effect on the industry until rates soften significantly, according to FTR analysts.
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Class 8 truck orders soared in January to their highest level since 2006, according to early reports from transportation analysts at ACT Research and FTR.
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Trailer orders in the U.S. are expected to hit an all-time high of 47,000 units for December 2017, pushed by tightening capacity that FTR attributes to the ELD mandate.
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Truckload capacity will remain tight and rates high, but both may moderate somewhat as market forces come into play, according to FTR analysts. The ELD mandate is still a wild card, with the economy and tax reform playing a part as well.
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FTR has named Todd Tranausky Senior Transportation Analyst, responsible for content in FTR’s rail and intermodal services, as well as developing additional analysis and commentary to support those market segments.
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The new four-cylinder Isuzu FTR truck achieved a strong all-around showing in independent testing, according to results announced by Isuzu commercial Truck of America.
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