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Maritime Piracy: It’s a good life Out at Sea |
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Industry Assessment - Lumber About two-thirds of the lumber produced is used in construction. Chipboard, particle board, oriented strand board, fiberboard, and other high-tech products have claimed a larger and larger share of the market over the last 40 years. |
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Assessing Trucking’s Recovery Q&A Following Assessing Trucking’s Recovery, the second session of the FTR Engage virtual speaking series, we sat down with the FTR Experts to answer listener questions beyond what was covered during the Q&A within the presentation. Topics covered in the Q&A:
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Conditions Indices & Equipment Orders |
FTR’s Trucking Conditions Index for July Remained Positive Due to Stronger Freight Rates
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FTR’s Shippers Conditions Index for July Falls to Negative Territory
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The FTR Shippers Conditions Index (SCI) fell into negative territory for the first time since August 2018. After a huge positive spike as COVID-19 impacted freight movement, the SCI now reflects a continued weakening of shippers’ market conditions. Freight volume and utilization were actually more favorable to shippers in July, but the rate environment swung from significantly positive in June to a significantly negative reading in July.
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FTR Reports Preliminary U.S. Net Trailer Orders for August Provide Positive Momentum |
FTR Reports Preliminary North American Class 8 Net Orders for August Continue to Climb
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FTR reports preliminary North American Class 8 net orders continued to climb in August, reaching 20,500 units for the month. August order activity was very consistent with July, up 3% m/m, and up 90% y/y. Class 8 net orders for the last 12 months now total 177,000 units.
Large fleets continue to buy new trucks according to their replacement cycles, with a few orders going towards expansion purposes. Orders are expected to stay in the 20,000 range for the next few months with buyer confidence increasing as the economy recovers and freight volumes rise. There is less uncertainty regarding the pandemic as businesses and consumers adapt to the current environment. |
Latest Industry News with Intelligence from FTR |
