Nashville, IN (February 3, 2011) FTR Associates has released preliminary data showing January Class 8 truck total net orders for all major North American OEM’s at 27,009 units, a modest 1% increase over the strong December 2010 activity. This is a marked improvement from the 6,400 units ordered one year earlier and is an increase of 324% from January 2010. Net order activity annualizes to 251,900 units over the last six months, and the prior three months alone at 319,500 Class 8 trucks. The figure includes U.S., Canada, Mexico and Exports.
Eric Starks, President of FTR commented “Orders for January came in above expectations. We had anticipated that they would be close to 25,000 units. The continued strong order activity in January adds more fuel to the recovery in the commercial vehicle equipment sector. With the recent sustained higher levels of order activity, 2011 is shaping up to be a very good year especially relative to where we were in 2009.”
Final data for January will be available from FTR later in the month as part of its North American Commercial Truck and Trailer Outlook service. Contact FTR Associates at ftr@ftrassociates.com or 1-888-988-1699 ext 1 for more details.
FTR Associates, located in Nashville, IN, has been a leader in transportation forecasting for over 20 years. The company’s U.S. Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for over 200 commodity groups. FTR Associates’ forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. Specially designed reports are offered to participants in both industries to cover specific needs.
