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Semi-Truck Orders Highest Since 2006

recent report released by FTR shows that orders for Class 8 semi-trucks have hit their highest level since 2006 after more than doubling in the month of January. This pattern of strong truck orders, which began after a fairly slow first quarter in 2017 and in the whole of 2017, is a result of a robust spot market, according to Avery Vise, the vice president of trucking research at FTR.

December Gains

January was not the first month to see increased preliminary orders. In December 2017, orders were 77 percent higher than the same time period in 2016. This lead to a 77 percent surge in sales for the entire year of 2017.

Crunching the Numbers

290,000 Class 8 trucks, or semi-trucks, were ordered during 2017. In 2016, that number was just 164,000. Truck orders passed 30,000 each month from October through December. The main manufacturers of trucks in the United States (Daimler AG, Navistar International Corp, PACCAR, and Volvo AB) saw the greatest gains as a result of the recent boom.

What's to Come?

Avery Vise believes that if the spot market remains robust, sales will continue at this high rate. FTR has projected that the spot market will continue to grow through 2018, but at a less extreme rate. They believe that rates will taper off toward the end of 2018, or in early 2019.

Reliability of FTR

FTR has been conducting research in freight transportation for more than two decades. Their forecasters are award winning and incredibly consistent. The forecasting done by FTR has been used by companies throughout the transportation business to plan in advance and save on costs.

 

At J. Ruble & Sons Truck Sales, we have a large inventory of refurbished Class 8 semi-trucks ready to meet this increased demand. We even offer customized trucks to meet all of our customers needs. Be sure to contact us today to find out what we can do for you.



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