By
Team Writer
/ January 9, 2017
The industry expects Class 8 truck orders to carry the load of solidarity and stability for 2017. Significant order increases are expected to provide momentum for the market. On average, monthly orders will weather the impact of late year cancellations. Freight demands are also expected to have a positive impact on the industry with the umbrella of good economic news.
Key Takeaways:
- FTR had forecasted an increase in the last month of 2016 and based on early numbers, December will see a 10% gain over November.
- The solid order activity is in line with demand from the last two months, showing an upward trend in the Class 8 market.
- Month-to-month orders in the fourth quarter were very stable when discounting the higher cancellations in October, according to FTR.
“FTR had forecasted an increase in the last month of 2016 and based on early numbers, December will see a 10% gain over November. The solid order activity is in line with demand from the last two months, showing an upward trend in the Class 8 market.”