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The TCI took a modest hit during April but is still solidly positive and should stay higher for most of 2014. Much of the reason for the April's dip is the abnormal conditions seen during the winter are leveling off, and having less of an impact on capacity and pricing.
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Class 8 orders have now had sixteen consecutive months with year-over-year increases. Class 8 orders for the latest six month period through May annualize to 343,000 units.
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A measure of business conditions for shippers remained deep in negative territory in March, meaning the climate favored trucking companies, according to a newly released report.
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A measure of the health of the trucking industry has increased slightly, reflecting extremely tight capacity in the truckload sector, according to newly released numbers from the freight forecasting firm FTR
Read More →FTR has released preliminary data showing April 2014 North American Class 8 truck net orders at 24,115, 11% below March results. While orders tempered in April 2014 from the torrid pace set in the previous four months, they were 5% above a year ago, continuing the year over year positive comparisons for a fifteenth consecutive month.
Read More →2014 may be a very volatile year requiring increased shipper attention to market conditions. FTR’s Shippers Conditions Index for February, at a reading of -8.8, reflects an earlier than normal tightening of capacity created by the debilitating effects of winter storms in early 2014.
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Preliminary numbers from two industry data analysts show the number of heavy and medium-duty truck orders in March were solid.
Read More →A new report shows business conditions in the trucking industry remain positive, despite a slight downturn, amid warnings of a possible capacity shortage.
Read More →FTR’s Trucking Conditions Index reading of 8.82 for January reflects a very positive environment for truckers in early 2014. FTR expects the index to remain high as regulatory drag keeps capacity tight.
Read More →ACT Research and FTR have released preliminary expected Class 8 orders that are solid for the month of February.
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