FTR reports preliminary January orders in the 40,000 range for the third consecutive month. If the numbers hold when final orders are reported, this will be the first time in history that the industry has been at those levels in any 3-month period. Dry van totals were elevated again and refrigerated van orders were particularly strong. January order activity is expected to raise backlogs to the highest level since March of 2016.
Don Ake, FTR Vice President of Commercial Vehicles, commented, “The vibrant economy continues to produce sturdy freight growth and fleets are hurrying to add capacity. That has showed up in the truck numbers and even more in the trailer numbers.”
“Carriers continue to add trailers as a way to increase total productivity. All trailer segments are now looking very bright for 2018. Overall business confidence is surging due to tax reform and it’s making a hot market even hotter.”
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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