Net Orders of Class 8 Trucks Are Up
What goes down must come up. If you’ve been keeping an eye out for what’s happening with truck orders to get a sense of where fleets see things are heading in the economy, then the latest news from FTR regarding preliminary orders of Class 8 trucks in December certainly should have you smiling.
FTR reported net orders for Class 8 trucks in December were at 21,200 units, which is up 10 percent month-over-month. December’s order activity is also very consistent with previous FTR forecasts and with activity in previous months.
Don Ake, vice president of commercial vehicles at FTR, said with a decent December that met expectations, orders have been following stable, traditional patterns for six months. This is great news after the large drop off earlier in 2016, Ake said in a company release.
“The most recent economic news has been positive, so freight demand should keep orders propped up for a few more months,” Ake said. “2017 still looks to be a tough year, but now backlogs are growing and that means the worst should be behind us for now.”
FTR is a Bloomington, Indiana-based consulting firm specializing in freight transportation intelligence.