Subscribe to our free, weekly email newsletter!


Trucking news: ACT and FTR report November Class 8 preliminary orders are down

By Staff
December 08, 2011

Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, and freight transportation forecasting firm and consultancy FTR Associates indicated that preliminary data for Class 8 trucks in November is down from October.

ACT reported that preliminary net orders in November for heavy-duty Class 8 vehicles in North American markets will be around 20,700, which would represent about a 25 percent decline from October.

ACT said a final order tally for May would come in later this month. The firm added that preliminary net order numbers are subject to revision and are typically accurate to within 5 percent plus or minus.

ACT Vice President, Commercial Sector, Steve Tam commented in a statement that ACT contends there was a pull-forward of demand in October to counteract the impact
of price increases for the new model year.

“The underlying fundamentals in the heavy truck market remain healthy,” he said.

FTR’s preliminary November data was in line with ACT’s, with preliminary Class 8 truck total net orders for all major North American OEM’s down 27 percent from October to 20,400 units, coupled with a 22 percent annual decline, marking the first time in a year there has been an annual decline. FTR pointed out that November is also down from the cumulative three-month average for August, September, and October of 24,100 units per month. 

“Class 8 orders were very disappointing for November and came in substantially below expectations,” said FTR President Eric Starks in a statement. “November is normally a very good order month as it lies during what is typically the strong order period of the year. What is most troubling about the November number is that it is back down to levels last seen during the summer when we normally see slow order activity. However, one month does not tell us much about the fundamentals in the market and this does not change our outlook for 2012. We will be monitoring the situation closely over the next several months as December and January are normally strong order months.”

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!

Recent Entries

February manufacturing data issued today by the Institute for Supply Management (ISM) dipped slightly compared to January, according to the most recent edition of the organization’s Manufacturing Report on Business.

As U.S. West Coast ports begin to address their critical congestion issues, an innovative approach is being launched at San Pedro Bay.

The ongoing financial travails of the Highway Trust Fund was made clear in a position paper recently issued by Jeff Davis, senior fellow at the Eno Center for Transportation. In the paper–entitled “Why Not A Ten-Year Surface Transportation Bill?”-Davis points to past federal transportation bills, as well as the White House’s GROW AMERICA proposal as having one fatal flaw in common: they each leave the HTF on worst financial shape after the bill expires than it was prior to the bill being enacted.

Working with research partner, The Economist Intelligence Unit, the IBM Institute for Business Value surveyed 1,023 global procurement executives from 41 countries in North America, Europe and Asia.

U.S. Carloads were down 7.8 percent annually at 259,544, and intermodal volume was off 15.7 percent for the week ending February 21 at 213,617 containers and trailers.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA