Commercial Business

'Fleets Are Nervous,' According To FTR

Posted on October 7, 2019

Preliminary North American Class 8 truck orders dropped 72% last month from September 2018 levels, according to FTR Associates.

"Fleets are moving around or canceling orders previously placed but are not ordering many new trucks for Q4 delivery," according to the transportation intelligence provider.

"Carriers have not begun ordering for 2020 requirements yet due to the tariffs and economic uncertainty."

Don Ake, FTR vice president, commercial vehicles, says trucking fleets "are nervous. Freight growth continues to ease back. The trade issue with China looms. In this environment, fleets see no reason to begin ordering for 2020 until Q4."

FTR reports that Class 8 orders did rise 13% from August 2019 to September 2019, but "unfortunately, (orders) are stuck at the bottom of the cycle," says Ake. "It's basically the same story as the last several months. All the orders needed for 2019 were placed months ago and fleets are now adjusting delivery dates and finalizing requirements."

Related Topics: commercial tires, FTR Associates

Comments ( 1 )
  • Dave

     | about 7 days ago

    Freightliner is laying off around 450 or so today in N.C.

More Stories
News Goodyear Will Report Financials on Oct. 25

Goodyear Tire & Rubber Co. will report its third quarter results on Friday, Oct. 25, to be followed by an investor conference call at 9:30 a.m. ET.

Article AG Tire Talk: What Warranty and Why

QUESTION: What should a grower look for in a radial R-1/R-1W ag tire warranty to maximize return on investment?

Michael Egner, plant manager, speaks during the grand opening event at Continental's truck tire plant. Also on stage, from left, Paul Williams, Continental executive vice president of commercial tires in the Americas; Philip Gunn, speaker of the Mississippi House of Representatives; Tate Reeves, lieutenant governor; Phil Bryant, governor; Christian Koetz, Continental executive board member; and Peggy Calhoun, president of Hinds County Board of Supervisors.
News New Continental Plant Will Start Production Next Year

A new Continental plant near Clinton, Miss., will start manufacturing truck and bus tires for the United States market in 2020.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!