FTR has released preliminary data showing April 2014 North American Class 8 truck net orders at 24,115, 11% below March results. While orders tempered in April 2014 from the torrid pace set in the previous four months, they were 5% above a year ago, continuing the year over year positive comparisons for a fifteenth consecutive month.
FTR's Trucking Conditions Index (TCI) reading of 9.52 in August is a full point improvement from the July reading. The increase moves the index to an expected peak this fall before conditions deteriorate somewhat as the industry absorbs the impact of the Hours of Service rule changes. FTR projects conditions for truck fleets to stabilize in 2014 until more information is available about FMCSA regulatory intentions for 2015.