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LOUISVILLE, KY -- The U.S. economy is "nowhere near” slipping into recession. But the economy is sending mixed signals, so what's going to happen to freight demand over the next several months? FTR's Eric Starks shared his insights at the MATS Fleet Forum Wednesday.
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Trailer orders in the U.S. during the month of February rose 21% over the previous month, slightly exceeding expectations, says FTR.
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The Trucking Conditions Index measure fell to a reading of 9.05 for January, indicating slowing growth patterns for truck freight.
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Class 8 truck orders were down as demand fell slightly compared to January, according to the early February numbers from ACT Research and FTR.
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Net U.S. trailer orders for January hit 17,900 units, down 30% from the month before and down 37% year-over-year, according to the latest numbers from FTR.
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FTR is forecasting stable trucking conditions for 2016 after its Trucking Conditions Index rose more than two points in December to a reading of 10.88.
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Technology will boost productivity and truck utilization to where demand for equipment will greatly decline, one researcher says.
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FTR transportation expert Noel Perry told an audience at the AmericQuest Symposium that trucking currently is outperforming the broader economy, and there are both good and bad economic indicators at play.
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The November FTR Trucking Conditions Index jumped by more than three points to a reading of 8.64, possibly pointing to improvements for truckers in 2016, according to FTR.
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Class 8 truck orders rebounded while Class 5-7 orders remained strong in December, according to preliminary numbers from ACT Research and FTR.
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