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FTR Reports a Rebound in Trailer Orders in September

10.15.19 | FTR


FTR reports preliminary trailer orders for September at 19,000 units, the highest since February.  Trailer order activity rebounded from the recent doldrums as some fleets began placing orders for 2020.  Orders were up 81% m/m but minus 66% y/y.  September's net orders could have been even higher but were negatively affected by fleet cancellations of excess 2019 orders.  Trailer production should remain sturdy in September but somewhat off recent months with backlogs expected to drop for the ninth consecutive month. Trailer orders for the past 12 months now total 264,000 units.

Click here to view the latest release and an interactive graph of the Trailer Orders >


Don Ake, FTR vice president of commercial vehicles, commented, “This is a decent order amount for September. It indicates fleets are somewhat optimistic about 2020. Orders should rise to healthy levels in October, as more large fleets place their 2020 orders. The increase in September orders signals the trailer market is becoming much more stable and should be settling into historic order patterns, after a turbulent couple of years.”
 
“Trailer sales are expected to dip in 2020 after hitting record volumes in 2019. However, the forecast is still for a solid year based on moderate economic and freight growth, which should provide fleets with enough profits to buy new equipment.”

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The full trailer data is available as part of FTR's North American Truck & Trailer Outlook service.

Click here to view a sample report >


About FTR
For more than 30 years, FTR has served as the industry leader in freight transportation forecasting for the shipping, trucking, rail, intermodal, equipment, and financial communities in North America. FTR’s experts, with over 250 years of combined experience in the transportation industry, provide quantitative analysis with historical and modal-specific insights. FTR’s reports, data, commentary, and insights help clients evaluate market risks, identify new opportunities, and make informed decisions.
 
FTR is the only company with a complete set of freight data for all modes of transportation with detail at the 3 Digit STCC commodity level. FTR tracks and forecasts 200+ unique commodity groups both quarterly and annually using their proprietary Freight•cast U.S. freight transportation model. FTR’s Transportation Conference held annually in September in Indianapolis is a unique event bringing together every aspect of the freight transportation world into one place. For more information www.FTRconference.com