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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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The final trailer order numbers for the month of July have been released by transportation industry analysts FTR and ACT Research, showing a steep decline from the previous month, but an increase overall compared to last year.
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Class 8 truck orders are expected to increase in July compared to the previous month and previous year, according to preliminary numbers from ACT Research and FTR.
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The final net trailer order numbers for the month of June have been published by FTR, showing a 12% increase from the previous month.
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FTR and Truckstop.com have announced that Noël Perry, a partner at FTR, will lead the economic analysis for Truckstop.com, assuming the role of chief economist for the load board and technology company.
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FTR released a new report detailing the economics of using twin 33-foot trailers, showing that only in specific cases would the extra capacity lead to a benefit. However, for those fleets, the increase would be worth it.
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FTR’s Trucking Conditions Index showed improving freight demand while ACT Research's For-Hire Trucking Index indicated that fleets were looking to buy new equipment.
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FTR’s Trucking Conditions Index fell slightly in March despite positive economic conditions, reversing an upturn from the previous month – but capacity is expected to tighten.
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