Class 8 order patterns continue to show strong momentum

Data issued this week by freight transportation forecasting firm FTR and publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market ACT Research shows continued gains in Class 8 net orders.

By ·

Data issued this week by freight transportation forecasting firm FTR and publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market ACT Research shows continued gains in Class 8 net orders.

In its preliminary North American Class 8 net orders for September, FTR said 22,100 units were ordered, which marks a 7% gain over August and a 62% annual gain. FTR said this level of order volume met its expectations, with the market continuing to build momentum into the fall order season. And it added that Canada-based orders were “robust” with fleets seeing the benefits of a strong economy.

Over the last 12 months, FTR said North American Class 8 orders are at a cumulative 239,000 units.

“The recovery in the Class 8 market is building, and we saw that with the orders through the summer,” said FTR Vice President of Commercial Vehicals Don Ake in a statement. “Order totals never got that low and followed cyclical trends.  This is a healthy, growing truck market, which is in excellent position for greater expansion in 2018.  Class 8 order rates are expected to jump in Q4. Stronger freight growth generated by a more vibrant U.S. economy will spur demand for additional trucks next year.  Factor in the loss of productivity from the ELDs, and fleets will have to expand capacity to haul the available freight.”

September Class 8 data from ACT Research was in line with FTR’s findings.

The firm reported that preliminary North American Class 8 orders jumped on an actual and seasonally-adjusted basis in August, marking the fourth straight month of order gains since a May decline while representing what ACT called a meaningful jump on a seasonally-adjusted basis.

“For the month, orders rose 63% from easy year-ago comps to 22,600 units,” said ACT President Kenny Vieth in a statement. “With a generous factor bestowed on what is typically the second weakest order month of the year, seasonal adjustment boosts September’s order performance to its highest level in over two years at 26,200 units.” 


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
The Retailer’s Atlas for Omnichannel Returns
Fueled by e-commerce, the new state of retail is truly an omnichannel one, and companies will flourish or flounder based on how well their supply chain can meet customer expectations.
Download Today!
From the November 2017 Logistics Management Magazine Issue
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships into true, collaborative partnerships—and greatly strengthened its logistics and supply chain operations in the process.
34th Annual Quest for Quality Awards: 2017 Awards Dinner
Trucking Regulations: Washington U-Turns; States put hammer down
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Logistics Showcase: Rising to the same-day delivery challenge
Today’s delivery puzzles are very different than traditional DC to store or warehouse to DC puzzles. It’s not just the shorter time frame for delivery; the basic requirements are significantly different and more complex as well. In this session you'll learn how to address same day delivery challenges while also driving down costs and increasing customer satisfaction.
Register Today!
EDITORS' PICKS
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...

26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...