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FTR has increased its Class 8 and trailer order forecasts as a result of increased demand for equipment caused by what the research firm calls a "capacity crisis."
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Trailer orders in January will likely breach 39,000 units once the final numbers are tallied, indicating a strong start to 2018.
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FTR’s Trucking Conditions Index rebounded in December to a reading of 9.2, reflecting a full capacity environment with strong freight demand.
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It’s impossible to gauge the full impact of the electronic logging device mandate yet, between temporary exemptions and a phased-in enforcement period, and in fact we may not know the true effect on the industry until rates soften significantly, according to FTR analysts.
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There is increasing evidence that the supply of trucks available to move freight is outpacing demand, based on a flurry of recently released reports – but it’s also helping push freight rates higher. What's behind the capacity crunch?
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The rising economy has whipped up the driver shortage and turnover situation to a froth that can only be smoothed by paying long-haul drivers considerably more — and more smartly.
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FTR has released its Trucking Conditions Index for January, showing an unchanged reading from the month before of 2.7. Conditions are expected to improve in 2017 as a result of a rebounding economic environment.
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The FTR Trucking Conditions index declined in December, reflecting soft conditions that affected the industry in the second half of 2016.
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FTR’s Trucking Conditions Index for October, while currently in low positive territory, remains on course to reflect improving conditions for carriers as capacity tightens from regulations being implemented.
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FTR's September Trucking Conditions Index shows a reading of 5.47, down somewhat from August’s reading.
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