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FTR’s Trucking Conditions Index improved in July reflecting improved market prospects as a result of moderate economic growth and a regulatory environment that is tightening capacity.
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Orders for Class 8 trucks in the month of August will be slightly above expectations and a 36% improvement over July’s terrible numbers, according to projections from FTR and ACT Research.
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As FTR and Truckstop.com apply "big data" analysis to spot market pricing, Noel Perry, FTR transportation economist, offers some insights into the volatility of spot pricing and how spot prices correlate with contract pricing.
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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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