FTR Reports November Preliminary Net Class 8 Orders at 19,300 Units Up 41% from October

12.06.16 | FTR

FTR releases preliminary Class 8 net orders for November at 19,300 units, up 41% m/m, right in line with the FTR forecast.  The respectable November order activity met expectations as the market is back to tracking normal cycles.  Class 8 backlogs are expected to increase for the first time in ten months.  Including November, Class 8 order activity for the past twelve months annualizes to 191,000 units. 

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

Don Ake, Vice President of Commercial Vehicles at FTR, commented, “Class 8 orders came in right as expected in November.  It is good news that the market has stabilized and is following seasonal trends.  Backlogs should increase in November and December as production dips, however this order level should allow production to bounce back some in Q1.”

“The downturn in the Class 8 market was in response to weak manufacturing and lackluster freight growth in 2016.  It appears business inventories have finally dropped and manufacturing is regaining strength. This trend is important for the Class 8 market to regain footing early in 2017.”

The full trailer data is available as part of FTR's North American 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.