FTR Reports Final August Trailer Orders at 14,000 Units

09.24.16 | FTR

FTR reports final August net trailer orders came in at 14,000 units, up 48% from July.  While August trailer orders improved m/m, they were down 48% y/y.  Order activity was moderately above expectations, as dry van orders and flatbeds rebounded from a weak July.  Orders have totaled 250,000 units over the past twelve months.  Backlogs fell another 9% and are now 27% lower than a year ago.  Trailer build was up 2% for August on a per day basis.

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Don Ake, FTR vice president of commercial vehicles, commented, “Overall, it was not too bad for a month of August for the trailer industry.  New orders were at the highest level in six months. This was mitigated by a high number of cancellations, as OEM’s continue to clean previous “place holder orders” out of the backlog.  Production also stabilized some after dipping precipitously in July. “

“The van segments continue to weaken at a moderate pace. OEMs are expecting a correction, but not a collapse.  There is an average level of quote activity happening, so the market is maintaining some stability.  Several of the vocational segments have very weak backlogs and need a boost of orders soon, or production will drop. “
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The full trailer data is available as part of FTR's North American Truck & Trailer Outlook service. To contact FTR, send an email to [email protected] or call (888) 988-1699 ext. 1.

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.