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Orders & Indices

01.21.20

FTR’s Shippers Conditions Index Improves in November to a 7.0 Reading

FTR’s Shippers Conditions Index for November got a little bounce to a 7.0 reading after (3) consecutive months at 6.4. All index inputs were stronger in November than in October except for freight volume, which remained muted but positive.
 

01.16.20

FTR Trucking Conditions Index for November Stayed in Slightly Negative Territory

FTR’s Trucking Conditions Index (TCI) declined in November to a reading of -1.58 with weaker spot rates primarily responsible. Overall, trucking conditions are holding in a narrow window generating slightly negative readings for the TCI. The FTR forecast is for it to remain in near neutral range until conditions improve modestly in late 2020.

01.14.20

FTR Reports Trailer Orders Fell Off Again in December to 16,500 Units

FTR reports that preliminary trailer orders for December were the lowest since August at 16,500 units. December trailer orders were -17% m/m and -41% y/y. Trailer orders for 2019 totaled 203,000 units.

01.06.20

FTR Reports North American Class 8 Orders Stabilize in December at 20,000 Units

FTR reports preliminary North American Class 8 orders for December 2019 remained stable at 20,000 units. Fleets are being very cautious in this environment, only ordering what they know they need for the next few months. Orders averaged just under 20,000 units a month for the fourth quarter, basically right at replacement demand. Order rates are expected to stay in this range for the next few months. 
 

12.19.19

FTR’s October Shippers Conditions Index Remains Unchanged at a 6.4 Positive Reading

Shipper conditions for October held steady in a reasonably favorable climate reflected in an unchanged SCI reading for the month of 6.4.  All index inputs were positive except for fuel, which was only slightly negative. However, the global reduction in the sulfur content of marine fuel " IMO 2020 " could increasingly impact future fuel costs.

12.16.19

FTR Reports 2020 Trailer Orders Fell Off Significantly in November

FTR reports that preliminary trailer orders for November at 20,200 units fell 34% from October, as fleets are becoming more cautious about freight conditions in 2020. On a year-over-year comparison, orders were also down 55% from November 2018, when limits on OEM capacity resulted in carriers placing huge orders to lock in build slots throughout 2019. Trailer orders for the last twelve months total 215,000 units.

12.10.19

FTR September Trucking Conditions Index Improves for October

FTR’s Trucking Conditions Index (TCI) for October, at -1.04, reflected improved conditions although still in negative territory. Freight demand was the principal factor driving the improvement. While the industrial economy remains sluggish, strong housing numbers are cause for some optimism. FTR expects trucking to hold steady in a mediocre environment with the TCI hovering close to a neutral reading at least through the first half of 2020. 

12.03.19

FTR Reports November North American Class 8 Orders at a Disappointing 17,300 Units

FTR reports preliminary North American Class 8 orders for November at a disappointing 17,300 units, down 21% from October. This is was the lowest November total since 2015 and was 39% lower than the same month a year ago. 
 
Fleets remain extremely cautious heading into 2020, placing small orders and not extending orders much beyond the first quarter. A couple OEMs reported decent order activity, but total orders fell below expectations. Class 8 orders for the past 12 months have now totaled 180,000 units.