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Orders & Indices

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.

11.20.19

FTR’s September Shippers Conditions Index Stays in Positive Territory

FTR’s Shippers Conditions Index (SCI) for September remained unchanged from August at a 6.4 reading. All measures included in the SCI were positive with less favorable fuel pricing offsetting more favorable freight volume, capacity utilization, and logistics cost factors.
 

11.18.19

FTR September Trucking Conditions Index Reflects Broadly Weaker Environment

FTR’s Trucking Conditions Index for September, at -2.94, was the lowest reading since May, reflecting a relatively week environment for carriers. However, FTR does not forecast any further eroding of the TCI with an expected near-neutral measure through the first half of 2020.

11.15.19

FTR Reports 2020 Trailer Ordering Season Off to Vibrant Start with 31,800 Preliminary Orders for October

FTR reports that preliminary trailer orders for October were in line with expectations at 31,800 units, up 71% from September. October activity was the highest since November 2018, pointing to a vibrant start for the 2020 trailer ordering season. Regardless, orders were down significantly (-42%) y/y from 2018 near-record volume. Trailer orders for the past 12 months now total 241,000 units.

11.05.19

FTR Reports October North American Class 8 Orders at 22,100 Units

FTR reports preliminary North American Class 8 orders for October at 22,100 units, the highest level since November of 2018, but still far below a year ago. October 2019 order activity was the weakest performance for the month since 2016. 
 
While October orders were the highest this year and up 79% m/m they were 51% lower than October 2018, signifying a subdued beginning to the traditional start of the ordering season. The order level was boosted by a couple of big fleets placing large orders into 2020, but otherwise smaller orders were placed for the first quarter build. Cancellations are expected to remain elevated as OEM’s shake out excess 2019 orders from the backlog. Class 8 orders for the past 12 months have totaled 192,000 units.

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.