Nashville, IN (February 5, 2010) FTR Associates has released preliminary data showing January 2010 Class 8 truck total net orders for all major North American OEM’s were 6,221 units, the lowest level since July of 2002. The figure includes U.S., Canada, Mexico and Exports. January’s order activity was down 46.4% from December and was 20.1% lower than the same month a year ago.
FOR IMMEDIATE RELEASE
Nashville, IN (February 5, 2010) FTR Associates has released preliminary data showing January 2010 Class 8 truck total net orders for all major North American OEM’s were 6,221 units, the lowest level since July of 2002. The figure includes U.S., Canada, Mexico and Exports. January’s order activity was down 46.4% from December and was 20.1% lower than the same month a year ago.
Eric Starks, President of FTR commented “The very low order activity for January was not unexpected. When fleets took advantage of open build slots in late 2009, we knew this activity would take away from planned orders in the New Year. We continue to expect a soft first half for 2010 but believe some demand will slowly return late in the year. Our overall annual forecast for Class 8 production this year remains relatively flat from 2009, with significant improvement expected in 2011.”
Final data for January will be available from FTR later in the month. Contact Eric Starks estarks@ftrassociates.com or 1-888-988-1699 ext 41 for more details.
The full North American Commercial Truck and Trailer Outlook Report is available to subscribers. Visit www.ftrassociates.com to learn more about FTR’s transportation reports or call the company at 888-988-1699 Ext. 45.
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.
For More Information Contact:
Chris Kemmer, Consultant
CK Marketing & Communications
614-459-9369/614-459-9379(Fax)
chris@ckkemmercomm.com
or
Helen Lile
FTR Associates
888-988-1699 – Ext. 45
hlile@ftrassociates.com
