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Preliminary reports indicate trailer orders in January fell about 34 percent compared to December 2020 orders, according to ACT Research and FTR.
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The fuel cost component of FTR's Trucking Conditions Index recorded the largest negative change in more than three years.
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FTR’s Trucking Conditions Index fell in November from the previous month’s record high, but the November reading of 10.26 is still strong, as rising freight rates continue to power robust trucking conditions.
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As the COVID-19 vaccine helps return life to normal later in the year, the effect on trucking freight and rates will vary as consumer spending is expected to shift back toward services. That’s one takeaway from the transportation analysts at FTR in a recent webinar, “Preparing for 2021.”
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FTR is reporting that its Trucking Conditions Index for October 2020 literally went off the charts to the highest reading the research firm has ever recorded.
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The huge increases in freight volume since the economic contraction are slowing, but the trucking industry still looks to see a strong 2021 in terms of both demand and rates.
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Both ACT Research and FTR report robust Class 5-8 truck orders in November.
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According to separate ACT Research and FTR reporting, October’s preliminary North American Class 8 orders jumped to 38,900 units and 40,100 units, respectively.
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According to preliminary reports from FTR, September’s U.S. net trailer orders hit a third-highest-month-ever record at 52,000 units, 23,500 units above August and 33,400 more than September 2019.
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According to FTR’s Trucking Conditions Index for August, carriers saw a positive rate environment with reading of 8.31.
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