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FTR and Internet Truckstop announced a new strategic partnership to bring FTR's analysis and forecasting skills to bear on the "big data" collected by the freight-matching technology provider.
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FTR’s Trucking Conditions Index increased to a reading of 8.49 for July, one of the highest points this year. The high values reflect rising prices and service lapses caused by the current capacity crisis. FTR says the TCI could go even higher this fall if the economy accelerates as expected.
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Preliminary numbers show that orders for Class 8 trucks were strong in August, according to reports from American Commercial Transportation Research and FTR Transportation Intelligence.
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FTR’s Trucking Conditions Index showed some positive movement in June after moderating slightly during the prior two months.
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Near-record-setting Class 8 truck orders of nearly 30,000 in July mean the industry is on track to potentially reach 325,000 Class 8 trucks this year, according to preliminary figures from two industry research groups.
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FTR’s Trucking Conditions Index in May, at a reading of 5.74, reflects some headwinds affecting truck fleet results, according to this latest report from the transportation forecasting firm.
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The freight transportation forecasting firm FTR has released preliminary data showing June 2014 North American Class 8 truck net orders at 26,255 units, an impressive 41% year-over-year increase and the best June since 2005.
Read More →The trucking industry forecasting firm FTR has added total trailer forecasts for the Canadian and Mexican markets to its monthly Truck and Trailer Outlook Report.
Read More →The TCI took a modest hit during April but is still solidly positive and should stay higher for most of 2014. Much of the reason for the April's dip is the abnormal conditions seen during the winter are leveling off, and having less of an impact on capacity and pricing.
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Class 8 orders have now had sixteen consecutive months with year-over-year increases. Class 8 orders for the latest six month period through May annualize to 343,000 units.
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