NASHVILLE, Ind. — Class 8 truck total net orders in May were down 9.8 percent from April, coming in at 12,903 units, according to preliminary data released by FTR Associates. Although May orders slowed from the previous month, year over year comparisons show a 74.7 percent improvement over May of 2009, FTR noted.
The annualized rate of 154,836 units for May orders virtually equals the previous 3-month annualized rate of 154,120 units. The figure includes orders to North American OEMs for delivery in the U.S., Canada, Mexico and exports.
“There was a spike in Class 8 orders in April, which we believed was un-sustainable in the current environment,” said Eric Starks, president of FTR. “FTR’s data shows that preliminary May orders as reported by the OEM’s are still above the actual demand dictated by the fundamental issue of excess capacity throughout the industry. Our forecasts for the full year remain below the current annualized figures.”
Final data for May will be available from FTR later in the month.
FTR Associates has been providing transportation industry 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.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.
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