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.
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.
Several leading industry reports point toward a freight cycle that has hit bottom or will soon. DAT reports its June numbers indicate the spot rate bottom has already happened.
The EPA's new ultralow-NOx emissions rules give truck and engine makers less than three years to pull off a minor engineering miracle. Will fleets pre-buy trucks ahead of the deadline?
"This type of activity by fleets indicates that they are not overly concerned about an economic recession and continue to lock in build slots for the second half of 2023," FTR officials said.
Order activity for the last month of the 2022 was up over 100% versus December 2021.
At first glance, the fall of Class 8 orders might suggest some weakening in demand. Find out what factors actually put order intake as a solid end to 2022.
While Class 8 orders in November fell well off September’s 56,000-unit record, the year is still recording gains compared to 2021 levels.
Find out why FTR's CEO Jonathan Starks says trailer manufacturers seem to have found themselves in a "goldilocks environment."
With backlog-to-build ratios above the seven-month mark, fleets needing trailers are getting in queue and staying there, said ACT Research's Jennifer McNealy.
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