FTR Reports Class 8 Orders Surge in October

11.03.17 | FTR

FTR releases preliminary North American Class 8 net orders for October at 35,700 units, a m/m increase of 62% versus September and 167% above a year ago. Order volume for October met FTR’s expectations of a very strong order month. North American Class 8 orders for the past twelve months have totaled 261,500 units.

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Jonathan Starks, Chief Operating Officer at FTR, commented, “Class 8 orders surged in October. Once again, orders have been coming in spot on with our expectations as the market now hits the fall order season. The market seems well situated for a strong production environment to persist into 2018.”

“FTR has been anticipating a strong fall order season since early this year. The market continues to follow our expectations and highlights that market fundamentals remain solid as we approach 2018. Hurricanes Harvey and Irma merely exacerbated an already tight truck market so the strong order activity in October was no surprise to us.”

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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.