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FTR’s Trucking Conditions Index reveals that trucking conditions in June showed few signs of improvement due to slow freight and a lull in new regulations.
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It looks like July was another off month for Class 8 truck orders as industry analysts are predicting some of the lowest numbers since 2010.
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A high number of dry van trailer order cancellations caused the trailer market to perform below expectations in June, as U.S. net trailer orders fell 10% from the month before and 56% compared to June 2015.
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FTR’s Intermodal Competitive Index dropped in May reflecting a domestic intermodal sector that is still experiencing somewhat difficult competitive conditions.
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Class 8 truck order numbers have hit their lowest point in at least four years, with demand remaining depressed so far in 2016.
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The FTR Trucking Conditions Index for April was up over the previous month, but still not significantly better-- reflecting soft market conditions affecting the trucking sector.
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Both heavy- and medium-duty truck orders are projected to have a subdued May, according to preliminary numbers from ACT Research and FTR.
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Trailer orders increased in the month of April, gaining 15% over the previous month thanks to the dry van and refrigerated trailer markets.
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FTR's Trucking Conditions Index fell by nearly 50% in March as a weak economy during the first quarter of 2016 negatively impacted the freight market.
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FTR has launched the Truck Dealers Market Report, a monthly, 8-page report that includes current information, statistics and analysis on medium- and heavy-duty market trends that directly impact truck dealers.
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