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While preliminary reports indicate trailer orders in February fell 23% since January to a total of 23,100 units, order activity remained consistent with seasonal trends, according to FTR.
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FTR’s latest forecast calls for stronger freight demand and positive trucking conditions through 2021.
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Preliminary North American Class 8 net orders were 44,000 units, up 4% compared with January orders, FTR reported.
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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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