Nashville, IN (February 23, 2010) FTR’s February North American Commercial Truck and Trailer Outlook Report continues to forecast only marginal gains for Class 8 truck demand for 2010 even as signs multiply that the demand for truck freight is beginning to improve.
FOR IMMEDIATE RELEASE
Nashville, IN (February 23, 2010) FTR’s February North American Commercial Truck and Trailer Outlook Report continues to forecast only marginal gains for Class 8 truck demand for 2010 even as signs multiply that the demand for truck freight is beginning to improve. While freight is turning positive and expected GDP growth for 2010 is edging higher, the combination of excess capacity and the impact of the EPA mandate will hold Class 8 equipment demand this year essentially flat compared to 2009. The outlook for trailers is improving for 2010 with production levels stabilizing.
Eric Starks, President of FTR explains that “While many would like to see a good upsurge in Class 8 demand this year because of the improving economy, our analysis continues to see a disconnect between the 2010 freight and equipment production outlooks. We continue to caution against optimism especially in the first half of the year because of the huge overhang in excess, idle equipment. The current lack of Class 8 orders supports our view.”
The full North American Commercial Truck and Trailer Outlook Report is available to subscribers. In addition to FTR’s regular freight, equipment, trucking environment and economic forecasts, the current issue contains commentary explaining how FTR’s unique analytical methods show that increased freight in 2010 and increasing widespread shortages of truck capacity won't equate to increased equipment orders in the current year. For more information, please contact Eric Starks at 888-988-1699 ext. 45 or make an inquiry to hlile@ftrassociates.com.
FTR Associates, located in Nashville, IN is the publisher of the North American Commercial Truck and Trailer Outlook Report and 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
