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September order activity is further testimony that there remains a tremendous level of pent-up demand for Class 8 trucks, FTR officials said.
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North American Class 8 net orders for August jumped 98% month-over-month to 21,400 units, according to FTR.
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Fuel and financing costs and freight rates caused a decline in the trucking market in June.
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FTR's Trucking Conditions Index from April and the Cass Transportation Indexes for May identify trends such as job growth and economic conditions that could point to a weakening after a nearly two-year cycle of surging freight volumes.
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FTR's Avery Vise explores how trucking employment, truck order backlogs, fuel prices, motor carrier failures, and the attack on the independent contractor model all tie together.
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Are diesel prices driving small carriers out of business? FTR's Avery Vise digs into FMCSA data to explore that.
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The first two days of FTR's 18th Annual Transportation Conference will feature truck equipment- and truck freight-related tracks.
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Industrial production and manufacturing output are strong. FTR's Avery Vise explores what this could mean for industrial freight volumes.
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FTR’s Trucking Conditions Index is forecast to recover to positive territory in April and beyond, but signals of potentially weaker demand and rates than currently forecast could temper that outlook.
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A record surge in fuel costs in the wake of Russia’s invasion of Ukraine will hit trucking conditions in the near term. For now, FTR’s Trucking Conditions Index outlook remains positive, but the downside risks have increased greatly.
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