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FTR’s Trucking Conditions Index measure for May dropped to a three-year low of 4.91 due to softer capacity, pricing, and fuel prices. The index is expected to move into significantly more positive territory as the anticipated regulatory drag in 2016 and 2017 dramatically tightens capacity.
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North American Class 8 truck orders fell for the fourth straight month in June, to 19,624 units, according to preliminary data from FTR, keeping with seasonal trends.
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May trailer orders continued a downward slide with 15,200 units moved in the month, decreasing 14% from April and down 29% year overyear, according to this month’s FTR report.
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The FTR Trucking Conditions Index fell 9% to a reading of 6.7 in April, weakened by more available capacity and less pressure on rates.
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Trailer orders saw a large decrease in April with just 17,700 units, dropping 19% compared to March and down 30% year-over-year, according to the latest numbers from FTR.
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The FTR Trucking Conditions Index fell slightly in March to a reading of 7.3, reflecting lessened demand for truck services and normalizing fuel costs.
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The FTR Trucking Conditions Index for February fell slightly in February to a reading of 7.4, reflecting a softening capacity utilization caused by fluctuating diesel prices and the suspension of controversial provisions of the 34-hour restart.
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While some may complain that truck freight levels haven’t taken off like a rocket since the end of the Great Recession, the fact is they have posted solid improvements, according to Jonathan Starks of the freight forecasting firm FTR -- and could be headed for a new peak.
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Net orders for Class 8 Trucks hit a six-month low, recording 24,780 units, in March, according to preliminary data from FTR. This is the lowest level since September 2014 and the first time Class 8 orders have fallen year-over-year since January 2013.
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February trailer orders dropped well below January figures as backlogs for orders fell for the first time in six months, according to the latest FTR report.
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