Early reports from FTR on trailer order activity for March show that while orders declined by 16% from the month before, they remain historically strong.
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Noël Perry, Truckstop.com’s chief economist and former analyst for FTR Transportation Intelligence, has launched a new website called Transport Futures that will serve as a platform to share industry insights.
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Trailer orders are expected to hit 32,000 units in February, a number that, if it holds true, would be a record for that month, according to preliminary reports from FTR.
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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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