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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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Refiners are buying trucks to fetch more desirable crude oil than what they’re getting through pipelines.
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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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FTR has announced that registration is open for its first "virtual conference." The event is scheduled for April 7th and will include discussions and question-and-answer sessions on important topics in trucking.
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Intermodal freight movements are finally recovering since a tentative agreement was worked out about three weeks ago between West Coast Port workers and shipping companies, but diversions of freight from this part of the country are expected to continue.
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The FTR Trucking Conditions Index for January dropped 34% month to month to a reading of 7.8. Despite the drop, the index is only slightly below the high average score from 2014.
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Trailer orders for January hit 27,300 units returning to normal order rates after an increased rate in the last three months of 2014, according to report from FTR.
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Business conditions in the trucking industry improved dramatically the final month of 2014, according to a new report from the transportation forecasting firm FTR.
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Class 8 truck orders remained strong in January, with preliminary numbers coming in at around 35,000 units – an increase from January 2014 but falling below 40,000 units for the first time in three months.
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