FTR releases preliminary North American Class 8 net orders for October at 35,700 units, a m/m increase of 62% versus September and 167% above a year ago. Order volume for October met FTR’s expectations for the market’s early fall buying season. The growth was not uniform across all OEM’s but nearly every manufacturer saw a m/m increase. North American Class 8 orders for the past twelve months have now totaled 261,500 units.
Jonathan Starks, chief operating officer at FTR, commented, “Class 8 orders surged in October. The market seems well situated for a strong production environment to persist into 2018. FTR has been anticipating a strong 2017 fall order season since early this year. The market continues to follow our expectations and highlights that the market fundamentals remain solid as we approach 2018.”
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, email 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.
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