FTR Reports Preliminary Trailer Orders Stay in Mid-20,000 Range for February

FTR reports preliminary trailer orders for February at 24,000 units, -9% m/m and -27% y/y.  February was the third month in row that trailer orders were in the mid-20,000’s as some van OEM’s are basically solid out for 2019, with few build slots left open. Dry van fleets that need trailers this year are grabbing whatever build slots they can find, regardless of their historical brand preference. Vocational trailer demand remains stable, but down from the strong order rates a few months ago.  Trailer orders for the past 12 months now total 386,000.
 
Don Ake, FTR vice president of commercial vehicles, commented, “The decent February order volumes mean that backlogs should only decline modestly during March.  The trailer market continues to show surprising resilience despite the moderation in economic and freight growth. The current strength of the trailer market is good news for the general economy. It indicates fleets expect sturdy freight demand to continue throughout 2019.”

For more than two decades, FTR has been the thought leader in freight transportation forecasting in North America. The company’s national award-winning forecasters collect and analyze all data likely to impact freight movement, issuing consistently reliable reports for trucking, rail, and intermodal transportation, as well as providing demand analysis for commercial vehicle and railcar. FTR’s forecasting and specially designed reports have resulted in advanced planning and cost-savings for companies throughout the transportation sector.
 

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