Tuesday, January 23, 2018

FTR: August Class 8 orders lowest since 2010 but up 36% from July


Tuesday, September 6, 2016
“Fleets are now busy evaluating their truck requirements for 2017 in an uncertain freight environment. September orders should remain moderate, with October orders giving the first indication of expected market conditions for next year,” said FTR Vice President Don Ake. (The Trucker file photo)
“Fleets are now busy evaluating their truck requirements for 2017 in an uncertain freight environment. September orders should remain moderate, with October orders giving the first indication of expected market conditions for next year,” said FTR Vice President Don Ake. (The Trucker file photo)

BLOOMINGTON, Ind. — August preliminary Class 8 truck orders increased 36 percent from the previous month to 14,000, but the total represents the weakest August since 2010, according to a report today from transportation analyst firm FTR. Orders dropped 35 percent from August 2015. Class 8 orders for the past 12 months totaled 206,000, FTR reported.

“There is nothing unusual about the order numbers in August,” said Don Ake, vice president of Commercial Vehicles at FTR. “We expected orders to average around 12,000 per month in the July-August period and taken as a whole, they did.  There were less cancellations in August, making the month look a little better than July. July will be the lowest order month of the year, which is typical. Market conditions did not deteriorate nor improve in August.

“Fleets are now busy evaluating their truck requirements for 2017 in an uncertain freight environment. September orders should remain moderate, with October orders giving the first indication of expected market conditions for next year.”

Final data for August will be available from FTR later in the month, Ake said.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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