FTR Reports North American Class 8 Orders for February Exceed Expectations at 40,200 Units

03.05.18 | FTR

FTR reports preliminary North American Class 8 orders for February at 40,200 units. This volume was much above expectations and exceeded the 40,000 level for the second consecutive month, something that has not happened since November-December, 2014.  February order activity was down 15% m/m but up 76% y/y. Fleets are striving to add hauling capacity in response to strong freight growth. OEM orders were sturdy across the board for all markets and truck types. North American Class 8 orders for the past twelve months have now totaled 333,000 units. ​

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Don Ake, vice president of commercial vehicles commented, “The Class 8 market remains red-hot.  The capacity crunch is transforming into a capacity crisis and many fleets of all sizes, in all markets, across the country are scrambling to add trucks as fast as they can.  Robust freight growth is the primary driver and ELD implementation is just exacerbating a tough situation.”
“It looks like fleets held back some orders from the fourth quarter to see if freight growth would continue and if ELDs were final.  Now that the environment is more certain, the orders have been pouring in. This upturn looks strikingly similar to 2015, but is now expected to exceed it.  Production is ramping up and should remain vibrant into next year.”

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, send an email to [email protected] or call (888) 988-1699 ext. 1 and follow us on Twitter @FTRintel.

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About FTR
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.