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ACT Research, FTR: Truck Orders See High

According to both ACT Research and FTR, preliminary North American Class 8 net orders for August increased, climbing to 19,500 and 20,500 units, respectively.

July’s Class 8 Orders See a Surge

According to both ACT Research and FTR, preliminary North American Class 8 net orders jumped to around 20,000 units in July. This 27-28% increase effectively doubled the amount of trucks sold in July 2019.

Spot Market May be Softening

Looking at the spot market for the third week of July, it's hard to tell where we may be going, with rates and volumes hard to compare to typical seasonal trends due to COVID-19.

Truck Freight Outlook Murky: FTR

Improvements in industrial production and housing may help drive a truck freight recovery, but spikes in COVID-19 cases in many parts of the country and questions about what Congress may or may not do leave a lot of uncertainty in the forecast, according to analysts at FTR.