VIEW CART (FTR Reports August Preliminary Class 8 Orders Slightly Above Expectations
09.06.16 | FTR
Tweet FTR releases preliminary Class 8 net orders for August at 14,000 units, slightly above expectations and a 36% improvement over July. However, the Class 8 order activity for August was the weakest for that month since 2010 and down 35% from August 2015. Class 8 orders for the last twelve months have totaled 206,000 units.
Click here to view the latest release and an interactive graph of the Class 8 Orders >
Don Ake, Vice President of Commercial Vehicles at FTR, commented, “There is nothing unusual about the order numbers in August. We expected orders to average around 12,000 per month in the July-August period and taken as a whole, they did. There were less cancellations in August, making the month look a little better than July. July will be the lowest order month of the year, which is typical. Market conditions did not deteriorate nor improve in August.”
“Fleets are now busy evaluating their truck requirements for 2017 in an uncertain freight environment. September orders should remain moderate, with October orders giving the first indication of expected market conditions for next year.”
Final data for August will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. To contact FTR, send an email to [email protected] or call (888) 988-1699 ext. 1.For more than two decades, FTR has been the thought leader in freight transportation forecasting in North America. The company’s national award-winning forecasters collect and analyze all data likely to impact freight movement, issuing consistently reliable reports for trucking, rail, and intermodal transportation, as well as providing demand analysis for commercial vehicle and railcar. FTR’s forecasting and specially designed reports have resulted in advanced planning and cost-savings for companies throughout the transportation sector.
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"...FTR has also provided routine conference calls on current topics that serve to keep us updated on the latest trends. The bottom line is that FTR has been a consistent partner supporting our forecasting efforts and we look forward to many more years of working together...."
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