FTR: August Class 8 orders similar to July
August Class 8 order activity sits near the monthly average seen over the last six months of 13,000 units. The figure includes U.S., Canada, Mexico and exports.
The Trucker News Services
9/3/2010
NASHVILLE, Ind. — FTR Associates has released preliminary data showing August Class 8 truck total net orders for all major North American OEM’s at 12,337 units, a 8.3 percent increase over the previous month’s net orders and 16.8 percent better than August 2009.
August order activity sits near the monthly average seen over the last six months of 13,000 units. The figure includes U.S., Canada, Mexico and exports.
____________________________________________________________________________________________________________________
ADVERTISEMENT
THE RECENT INCREASE FREIGHT VOLUME MEANS NEW JOB OPPORTUNITIES ON GOTRUCKERS.COM. CLICK HERE FOR MORE DETAILS.
_____________________________________________________________________________________________________________________
“August net orders for Class 8 vehicles came in about where we expected, very similar to July numbers. We didn't see any particular reason that they would be substantially different, and we believe for the balance of the year orders will continue to be received at comparable levels,” said FTR President Eric Starks. “Going forward, a critical point to watch is order activity in October and November which typically sees a seasonal spike in activity. These months will set the stage for demand in 2011.”
Final data for August will be available from FTR later in the month.
FTR Associates has provided transportation forecasts for more than 20 years. The company’s U.S. Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for over 200 commodity groups. FTR Associates’ forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. For more information about the work of FTR Associates, visit www.ftrassociates.com.
Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.
Find more news and analysis from The Trucker, and share your thoughts, on Facebook.