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FTR Reports North American Class 8 Orders Stabilize in December at 20,000 Units

01.06.20 | FTR


FTR reports preliminary North American Class 8 orders for December 2019 remained stable at 20,000 units. Fleets are being very cautious in this environment, only ordering what they know they need for the next few months. Orders averaged just under 20,000 units a month for the fourth quarter, basically right at replacement demand. Order rates are expected to stay in this range for the next few months. 

Although the December order activity improved 14% m/m, the total was still below the less-than-robust results seen during October and down 7% y/y. Class 8 orders for the past 12 months have now totaled 179,000 units.
 

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 as balanced and stable as you are going to see in Class 8 ordering. Fleets are ordering trucks according to their standard replacement cycles and also for normal delivery cycles. They are not speculating about the future direction of the freight market because there is too much uncertainty. This is a “wait and see” approach.

“The freight market is strong, but growth has stalled. The good fleets are making money, the weak fleets are leaving the industry. It is a rebalancing environment. Fleets have the funds to replace old units and with a growing economy, they have the confidence to do so. However, the equipment market is in a holding pattern due to economic and political factors. The political uncertainty will only intensify up to the election.”

Final data for December 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]

To access a chart suitable to accompany this news announcement, please go to http://info.ftrintel.com/l/66642/2015-08-26/3bmqs7