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HayWay Group comprises 19 companies operating across Europe and the U.S. and is now bringing its international logistics experience to North America.
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Although FTR's trucking conditions index improved to essentially neutral in August, U.S. trucking activity as measured by tonnage dropped in September to the lowest in three months, and North American Class 8 net orders in September were the weakest since 2019.
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Heavy-duty truck orders and production have been dropping, and Trump administration actions may suppress that even further.
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Both ACT Research and FTR reported Class 8 preliminary net orders increased in January over December 2023, but taking a broader view both noted large increases in orders compared to the same time a year ago.
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Predictive maintenance driven by artificial intelligence and growth in mobile service and maintenance are key trends identified by Rush Enterprises executives in this Q&A. Find out what trends they don't see playing out in the near future.
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The freight recession continues to bump along the bottom, with the spot market continuing to be battered by overcapacity amidst freight demand that is somewhat improved but still soft.
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Heavy- and medium-duty truck production improved in 2022 and OEMs were building at full capacity in 2023. The exit of some smaller fleets increased the availability of used Class 8 trucks as well during 2023.
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Both ACT Research and FTR are reporting significant increases in September Class 8 truck orders over August as the 2024 order boards open.
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ACT Research analysts expect higher trailer build numbers in 2023 and 2024, but there are clouds, while Class 8 2023 build backlogs will continue to decline, as the rebalancing of the freight market is being drawn out.
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Preliminary analysis of Class 8 tractor orders for July seems to show an upswing, beating expectations, according to both ACT Research and FTR Transportation Intelligence.
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