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To keep Class 8 truck order backlogs in check, OEMs are booking orders a month at a time, just under current production rates.
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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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OEMs are not confident that the supply chain will improve in the short term, so they are controlling the number of official Class 8 truck orders very carefully, keeping backlogs at a manageable level.
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Retail inventories surged to end 2021. FTR's Avery Vise explores why it happened and what it means for freight.
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FTR expects conditions to remain positive for carriers through 2022 with gradual easing, but swings in fuel prices could maintain volatility.
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While there is demand for new trucks, OEMs continue to be limited in what they can produce due to shortages of semiconductors and other components.
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You might recall reports that preliminary figures for payroll employment and retail sales were weak in December. FTR's Avery Vise takes a closer look at those numbers and comes up with a different conclusion.
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FTR’s Trucking Conditions Index for November 2021 rebounded from October due to steadier diesel prices, and firmer freight volumes and rates.
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The decline in trailer orders is attributed to supply chain disruptions, a labor shortage, and OEMs having to continue to manage backlogs.
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After hitting a Class 8 cancellation speed-bump in November, orders rebounded to a level just above the second half of 2021 production trend in December, ACT Research reported.
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