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Industry News

Truck orders strong as fleets chase healthy freight rates

Class 8 net truck orders climbed 3% last month to 44,000 units, according to preliminary data released Wednesday by FTR, and surged 209% over February 2020.


February 2021 was the second-highest total ever for the month of February and orders for the previous 12 months now total 338,000 units.


FTR Vice President of Commercial Vehicles Don Ake said orders have been prodded by “tremendous pent-up demand for trucks” and intense pressure on freight hauling capacity to get more trucks into service. However, the supply of new trucks is limited due to component and part shortages.  In response, fleets continue to place orders in elevated volumes to try to acquire as many tractors as possible.