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. Class 8 orders over the last six months have seen activity reach 334,000 units on an annualized rate. OEM’s are expected to continue to raise build rates to meet the demand.
Don Ake, FTR Vice President of Commercial Vehicles, commented “April orders generally met our expectations and are in line with our forecast. Class 8 order activity was bound to fall back some from the velocity of the past four months. With orders up almost 28% year to date, the industry is on track for a great year.”
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.
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