BLOOMINGTON, Ind. — Class 8 truck orders started 2014 on a strong note, with orders received for 34,403 units, according to preliminary data from FTR.
This marks the second straight month that orders totaled more than 30,000 units, marking the first time this has happened in consecutive months since 2006.
FTR said the strong back-to-back months should allow OEMs to hit their Q1 targets and possibly increase production in the second quarter.
January’s totals were 56% stronger than the same month last year.
“Orders were way beyond expectations,” said Don Ake, FTR’s vice-president of commercial vehicles. “This is another great order month to kick-start 2014. Order strength was broad-based among manufactures and countries. This is a very positive signal for the industry. The strong orders are consistent with the tightening of capacity in the marketplace. Fleets and dealers continue to display confidence in the freight market.”