FTR has released preliminary data showing October 2014 North American Class 8 truck net orders at 45,795 units, a near record number. October was the second highest order month ever recorded resulting in 87% month-over-month and 76% year-over-year comparisons. The large order increases were not evenly distributed among OEM’s with some experiencing a higher influx of orders than others. Class 8 orders for the latest six month period now through October annualize to 354,000 units, a major increase from the previous 6-month period ending in September. Don Ake, FTR Vice President of Commercial Vehicles, commented, “The huge amount of orders was driven by several very large fleets placing orders to be built throughout 2015. This is the result of the industry operating near full capacity and fleets having confidence that freight growth will remain strong for the entire year in 2015. They want to lock in their orders now to guarantee future deliveries. We will be evaluating the second half of the 2015 forecast in light of the confidence reflected in this large order volume.” Final data for October will be available from FTR later in the month as part of its North American Commercial Truck & Trailer Outlook service. To contact FTR, send an email to email@example.com or call (888) 988-1699 ext. 1. For more than two decades, FTR has been the thought leader in freight transportation forecasting in North America. The company’s national award-winning forecasters collect and analyze all data likely to impact freight movement, issuing consistently reliable reports for trucking, rail, and intermodal transportation, as well as providing demand analysis for commercial vehicle and railcar. FTR’s forecasting and specially designed reports have resulted in advanced planning and cost-savings for companies throughout the transportation sector. For more information about the work of FTR, visit www.FTRintel.com, follow on Twitter @ftrintel, or call Ryan Beall at (888) 988-1699 Ext. 46.
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