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Early numbers indicate a positive month for September’s North American Class 8 truck orders as the market continues to gain momentum heading into the fall order season, according to preliminary reports from FTR and ACT Research.
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FTR’s Trucking Conditions Index for July remains in a positive range with a reading of 5.75, reflecting tightening capacity, rising spot rates.
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It’s apparent that people are working very hard in Houston, because the spot market trucking statistics are showing strong positive moves, in some cases to levels above pre-storm benchmarks.
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August order activity was up 9% month-over-month and 4% year-over-year, as FTR projects that 2017 will turn out to be “another solid trailer year."
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Talk about how the company Amazon is changing the future of freight transportation kicked off the final day of the FTR Transportation Conference in Indianapolis on Wednesday with a panel that included two truck fleet representatives.
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How fleets think about equipment, electronic logging devices and even the future of autonomous vehicles were in the spotlight Wednesday afternoon at the annual FTR Transportation Conference in Indianapolis, as three trucking fleet people spoke on a panel about the challenges they face in today’s uncertain trucking environment.
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"Sometimes growing stronger is also the next thing that leads to the next recession." Dr. Larry Davidson, professor emeritus of business economics and public policy at Indiana University’s Kelley School of Business, talked about "secular stagnation" at the FTR Transportation Conference.
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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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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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