Preliminary data shows North American Class 8 truck orders in January rose more than 300 percent compared to the same month a year ago..
The number vary slightly according to the two major industry research firms reporting the figues.
FTR Associates shows a modest 1 percent increase over strong December activity and a 324 percent improvement from a year ago. FTR shows January Class 8 truck total net orders for all major North American OEMs at 27,009 units, a marked improvement from the 6,400 units ordered one year earlier. Net order activity annualizes to 251,900 units over the last six months, and the prior three months alone at 319,500 Class 8 trucks. The figure includes U.S., Canada, Mexico and Exports.
ACT Research’s readings of the preliminary data shows 27,300 units ordered in January, an increase of 320 percent over last year. The firm notes that preliminary orders are subject to revision and are typically accurate to within 5 percent plus or minus.
“Orders for January came in above expectations,” said Eric Starks, FTR president. “We had anticipated that they would be close to 25,000 units. The continued strong order activity in January adds more fuel to the recovery in the commercial vehicle equipment sector. With the recent sustained higher levels of order activity, 2011 is shaping up to be a very good year especially relative to where we were in 2009.”
Kenny Vieth, president and senior analyst at ACT, noted, “The industry began 2011 where 2010 left off: After ending 2010 with three strong order months, the trend continued into January. Over the past three months, Class 8 orders have been booked at an annualized rate of 320,000 units. The uptick in orders continues to restock industry backlogs, setting the stage for significant production increases as we move through 2011,” added Vieth.
Industry : Related News
2/4/2011 – January Truck Orders Stronger Than Expected
Preliminary data shows North American Class 8 truck orders in January rose more than 300 percent compared to the same month a year ago…..
2/3/2011 – Diesel Truck Driver Training School Offers Online Training
Diesel Truck Driver Training School, Sun Prairie, Wis., offers a new online training for students who wish to acquire their Commercial Driver’s License. The program is considered a stepping stone to Diesel Truck Driver Training School’s hands-on commercial driving classes….
2/3/2011 – TransCore Reports Flatbed Loads Up, Reefers and Dry Vans Stable
Truckload freight continued to increase nationwide for flatbeds on TransCore’s DAT Network of load boards for the week ending Jan. 29, while freight availability remained stable for refrigerated and dry vans, compared to the previous week….
2/2/2011 – Q1 2011 Fleet Sentiment Report Buying Index Surges to New Highs
The quarterly Fleet Sentiment Report Buying Index as reported by CK Commercial Vehicle Research rose to a new high of 102.3 for the first quarter of 2011….
2/1/2011 – Trucks Carry the Most Freight in Almost All States, BTS Reports
Trucking is the predominant mode used by businesses to ship freight in almost all states, according to the Department of Transportation’s Bureau of Transportation Statistics….
2/1/2011 – TransCore’s Weekly Truckload Rate Trend: Van Rates Rising
Truckload freight rates started to rebound on the spot market from a mid-January low, according to this week’s TransCore Trendlines report….
1/28/2011 – Freight and Capacity up for Second Week in a Row on Spot Market
Both truck loads and truck capacity trended up nationally on TransCore’s DAT Network of load boards for the week ending Jan. 22. This is the second consecutive week when spot market freight and capacity increased in tandem, an unseasonable occurrence,…
1/27/2011 – Used Class 8 Sales Rebound in December
Sales of used heavy-duty commercial vehicles increased 21 percent in December on a month-over-month basis, according to ACT Research Co….
1/27/2011 – Trailer Orders Continue to Climb
Net orders of commercial trailers rose to 22,915 in December, a 7 percent increase over a strong November, according to ACT Research Co….
1/26/2011 – Canadian Trucking Chief Calls for End to War on Trucks in Urban Planning
“It is incredible that so many urban communities that are wholly dependent upon trucking to deliver the consumer goods and necessities of life can be so decidedly anti-truck.” So said David Bradley, the president and CEO of the Canadian Trucking Alliance,…
1/25/2011 – Spot Freight Up Year-over-Year in December; Reefer Rates Down
In December 2010, TransCore’s market research shows a 55 percent increase in spot market freight availability, compared to December ’09. Freight volume for each of the last six months has surpassed the highest level since 2005, a peak year for spot market volume….
1/20/2011 – December Truck Orders Highest in Four and a Half Years
December net orders of heavy-duty Class 8 commercial vehicles for North American markets were 27,044 units; up 128 percent year-over-year, according to ACT Research Co….
1/20/2011 – TransCore Shows Unseasonably Strong Loads and Capacity
Both truck loads and truck capacity increased on the spot freight market last week….
1/18/2011 – Volvo Trucks Delivers Safety Technology to America’s Road Team
The America’s Road Team has an important new asset in its campaign for truck safety: a Volvo VN 780 equipped with the company’s leading safety technologies — and Volvo’s No-Regen Selective Catalytic Reduction (SCR) technology….
1/11/2011 – Proposed Accounting Changes Would Affect Truck Leasing
Reforms put in motion after the financial scandals of Enron, WorldCom and others nearly a decade ago will likely soon have an effect on fleets that lease their trucks rather than buying….
1/11/2011 – Museum Seeks Help Relocating USAir 1549 Wreckage from New Jersey to Charlotte
If any heavy haulers have a few days and a truck to spare, here’s a chance to haul into the history books….
12/29/2010 – Economy, Regulations, Top Most Important Trucking Stories of 2010
To help us pick the top trucking-related stories of the year, we looked at what we covered, what articles were the most-viewed on Truckinginfo.com, and the top concerns of the industry as ranked by an annual industry survey….