FTR Associates Reports Preliminary Net Class 8 Orders Surge Again in April
Nashville, IN (May 6, 2011) FTR Associates has released preliminary data showing April Class 8 truck total net orders for all major North American OEM’s at 37,922, a 32% increase over March. April preliminary orders continue the trend of significant month over month increase. March orders were 20% above February with the annualized rate for the past three months now at 362,700 units. The figure includes U.S., Canada, Mexico and Exports.
Eric Starks, President of FTR commented “April preliminary Class 8 net orders obviously reflect very strong demand from fleets for new units. The issue we are wrestling with as we forecast build numbers for this year is whether OE’s and their component suppliers can ramp up quickly enough to produce units concurrent with in-coming orders. There are already some shortages in the supply chain. We are monitoring this closely.”
Final data for April will be available from FTR later in the month as part of its North American Commercial Truck & 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. For more information about the work of FTR Associates, visit www.ftrassociates.com or call Helen Lile at 888-988-1699 Ext. 45.
Eric Starks, President of FTR commented “April preliminary Class 8 net orders obviously reflect very strong demand from fleets for new units. The issue we are wrestling with as we forecast build numbers for this year is whether OE’s and their component suppliers can ramp up quickly enough to produce units concurrent with in-coming orders. There are already some shortages in the supply chain. We are monitoring this closely.”
Final data for April will be available from FTR later in the month as part of its North American Commercial Truck & 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. For more information about the work of FTR Associates, visit www.ftrassociates.com or call Helen Lile at 888-988-1699 Ext. 45.