North American Class 8 truck orders took a seasonal dip in November but remain strong as 2018 winds down. According to preliminary data from ACT Research, fleets ordered 27,900 units in the month, down 36% from October, but only off 15% from November 2017.
Year to date, Class 8 orders are at 468,600 units.
“November typically has a slightly above average order seasonal factor, and as such, actual data is moderately lower when seasonally adjusted. Seasonal adjustment drops November's order intake to 26,800 units, down 29% from October,” said Steve Tam, ACT’s vice president.
Medium-duty truck orders for November are slight above the 6-month and 12-month averages at 25,100 units. Orders have averaged 24,000 over the past six months and 24,900 over the past 12.
Orders for both tractors and trailers in 2018 have been at record levels. FTR had previously reported that October trailer orders were 53,000 units, up 67% over a year ago, with total orders for the 12-month period ending October 2018 at 423,000.
Build slots for both tractors trailers have been filling up, with most tractor orders taking 9 months or more to fill at this point.
In partnership with Blume Global… In our view, increased digitization can make drayage markets more transparent and improve asset utilization, making carrier offerings more attractive on both a cost and service basis.
An Eaton clutch defect leads to a recall of International truck models and other OEMs may have to follow suit, plus Amazon Air takes off and intermodal growth being driven by inland ports.
A truck has moved freight from China to Poland in a record 13 days, via the TIR system, which requires road transport operators to only declare their data once when they are hauling goods across multiple borders.
Founded in 2014, the company replaces legacy telematics solutions with a revolutionary IoT ecosystem designed to unlock the value of disconnected data streams throughout the transportation and logistics industry.
As barge rates slump in the face of increased rainfall, the Central Commission for the Navigation of the Rhine (CCNR) has warned that Rhine River water levels could fall again in December.
Preparations by the freight industry to cope with the UK’s exit from the European Union (EU) were thrown into more turmoil by Prime Minister Theresa May’s decision to delay the Brexit debate indefinitely.
Trucker dies after big rig gets stuck in snow during major southern storm. Snow, icy roads remain a problem.
Transport, warehouse supply execs have big CapEx plans.
A major port operator in Australia is being sued in the nation’s Federal Court by the national competition watchdog, alleging an anti-competitive deal with a state government.
On today's episode, Zach Strickland, Nick Austin, and John Paul Hampstead discuss how the winter weather is impacting the freight market.