VIEW CART (0 ITEMS)


Orders & Indices

10.24.19

FTR’s August Shippers Conditions Index Reflects a Still-Positive Rate Environment

FTR’s Shippers Conditions Index (SCI) for August at a 6.4 reading reflects a still-positive rate outlook.  The August SCI improved from July but falls below June’s 8.8 reading which likely represents the peak of the current cycle.

10.16.19

FTR Trucking Conditions Index for August Reflects Mediocre Environment for Carriers

FTR’s Trucking Conditions Index for August, at a -1.11 reading, was negatively impacted by weak utilization and higher financing costs. FTR forecasts that the TCI will hover around the neutral range through 2020.

10.15.19

FTR Reports a Rebound in Trailer Orders in September

FTR reports preliminary trailer orders for September at 19,000 units, the highest since February.  Trailer order activity rebounded from the recent doldrums as some fleets began placing orders for 2020.  Orders were up 81% m/m but minus 66% y/y.  September's net orders could have been even higher but were negatively affected by fleet cancellations of excess 2019 orders.  Trailer production should remain sturdy in September but somewhat off recent months with backlogs expected to drop for the ninth consecutive month. Trailer orders for the past 12 months now total 264,000 units.

10.07.19

FTR reports preliminary North American Class 8 orders for September at 12,100 units, up 13% m/m but down 72% y/y.

FTR reports preliminary North American Class 8 orders for September at 12,100 units, up 13% m/m but down 72% y/y. Class 8 orders continue to track in the 10,000-13,000-unit range for the fifth month in a row. Fleets are moving around, or canceling orders previously placed but are not ordering many new trucks for Q4 delivery. Carriers have not begun ordering for 2020 requirements yet, due to the tariffs and the economic uncertainty. Class 8 orders for the past 12 months have totaled 214,000 units.

10.01.19

FTR’s Shippers Conditions Index for July Reflects Mainly Positive Market Conditions for Shippers

FTR’s Shippers Conditions Index (SCI) for July fell back from June’s 8.8 measure to a still-positive reading of 4.3. The SCI reflects a mixed freight environment with the industrial sector flat or worse, but consumer spending is still healthy.  Firmer freight rates in July contributed to the decline in the index. 

09.18.19

FTR Trucking Conditions Index for July Improved to a Reading Above Neutral

FTR’s Trucking Conditions Index for July improved slightly to a just above neutral reading of 0.28.  Lower diesel prices offset the effects of lower capacity utilization pushing the reading into positive territory for the first time since January. Although some positive readings are possible over the next year, the outlook is for primarily negative to neutral readings throughout the time frame. 

09.04.19

FTR Reports North American Class 8 Orders for August Up Modestly from July at 10,400 Units

FTR reports preliminary North American Class 8 orders for August at 10,400 units, up a modest 4% m/m but down 80% y/y. Class 8 orders have fallen into a narrow range since May, averaging 11,000 units a month during that period. OEMs have built through much of the backlog created by the record orders in 2018. Fleets are in no hurry to start ordering for 2020, as there are expected to be ample build slots available and no component part shortages. It is expected that the market will return to normal, seasonal order cycles, with large fleets placing their 2020 requirement orders in Q4. Class 8 orders for the past 12 months have totaled 298,000 units.

08.16.19

FTR Trucking Conditions Index Improves Significantly in June, But Still Negative

FTR’s revised Trucking Conditions Index (TCI) showed a significant improvement in June but remained in slightly negative territory at a reading of -0.82. Strengthening freight demand and lower diesel prices were offset by weak truckload rates and easing capacity utilization plus some higher financing costs that negatively affected carriers during the month. FTR’s forecast for the TCI is for it to remain in low single-digit negative range into 2020, but some positive readings are possible during 2019.