The monthly numbers of ACT and FTR on class 8 builds set new records; a Goldman Sachs report tries to measure the number of scrubbers that will be used for meeting IMO2020 standards.
So much for the summer doldrums. New truck orders, which typically take a dip in the summer months as both carriers and OEMs reset for the fall, hit a new all-time high in July, according to the latest data from ACT Research.
Fleets ordered 41,800 new trucks in the month of June, making last month the busiest June on record. OEM stock prices rose on the news, and their order backlogs continued to lengthen.
The volume of used trucks going to auction continued to be lower than expected in May due to heightened demand.
FTR expects overall intermodal traffic to grow 6% YOY despite capacity constrains in rail and some downside risks like NAFTA renegotiation.
Truck sales, indices, stock price projections: all are looking bullish
Wages continue to rise for America’s truckers as the trucking industry contends with driver shortages coupled with an increased demand for shipping services.
Conditions improved slightly for shippers in November according to FTR’s Shippers Conditions Index (SCI). The SCI recorded a -8.9 for November, slightly better than October but still solidly negative, the firm said.
FTR’s Shippers Conditions Index (SCI) took a tumble in August, the firm said, dropping to a negative 6.7 reading. Most of the decline was due to the short-term fuel cost increases because of disruptions due to Hurricane Harvey.
