Class 8 truck net orders reached 30,900 units in February, according to preliminary data from FTR.
“Orders were spot on our expectations of 31,000," said Don Ake, VP/Commercial Vehicles. "The market has calmed down but is still operating at a very healthy level. The economy and freight demand is more predictable, so orders should follow their cyclical trends for the next few months. However, it will be important to see how these orders are distributed throughout the year. There are still build slots that need to be filled in the first half of the year in order to keep build rates up. January orders were skewed for more deliveries in the second half of the year. It will be interesting if this “speculative” order pattern repeats in February.”
February order activity was 12 percent below January, FTR reported, "settling into a more reasonable, seasonal level than the previous four months." FTR said these were the best February results since 2006, and a 7 percent improvement over 2014. Orders have totaled 378,000 units over the last 12 months.