VIEW CART (0 ITEMS)


FTR Reports North American Class 8 Orders Fall Unexpectedly in February to 14,100 Units

03.03.20 | FTR



FTR reports preliminary North American Class 8 orders for February fell an unexpected 20% from January, to a total of 14,100 units. This is the lowest order activity for the month of February since 2010 and down 18% y/y. Fleets were already being very cautious in equipment purchases due to the flat freight market and slowing economy; now the COVID-19 virus has added to that uncertainty. Orders had been right at replacement levels for four months but now it appears fleets will take a pause in replacing older trucks until current anxiety dissipates. Class 8 orders have totaled 177,000 over the past twelve months.
 

Click here to view the latest release and an interactive graph of the Class 8 Orders >


Don Ake, vice president commercial vehicles commented “This is not good news for the trucking industry or the economy. It appears fleets have decided to delay some orders until the health crisis has passed. There is no pressure for fleets to order more trucks since most carriers have enough capacity to handle current freight volumes.

“The market was already in a wait-and-see mode before the virus spread. Now, fleets are just waiting for things to calm down before returning to normal ordering patterns. The industry was already taking a pause after two years of great sales. The current uncertainty has just made more fleets leery of taking on additional risks.”

Final data for February will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. To contact FTR, email [email protected] or call (888) 988-1699 ext. 1.


The full trailer data is available as part of FTR's North American Truck & Trailer Outlook service.


Click here to view a sample report >


About FTR
For more than 30 years, FTR has served as the industry leader in freight transportation forecasting for the shipping, trucking, rail, intermodal, equipment, and financial communities in North America. FTR’s experts, with over 250 years of combined experience in the transportation industry, provide quantitative analysis with historical and modal-specific insights. FTR’s reports, data, commentary, and insights help clients evaluate market risks, identify new opportunities, and make informed decisions.

FTR is the only company with a complete set of freight data for all modes of transportation with detail at the 3 Digit STCC commodity level. FTR tracks and forecasts 200+ unique commodity groups both quarterly and annually using their proprietary Freight•cast U.S. freight transportation model. FTR’s Transportation Conference held annually in September in Indianapolis is a unique event bringing together every aspect of the freight transportation world into one place. For more information 
www.FTRconference.com 

To learn more about FTR visit 
www.FTRintel.com, Follow us on twitter @FTRintel and connect with us on LinkedIn! To contact FTR, call 888-988-1699 or email [email protected]