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FTR Reports Final Net Trailer Orders Continue to Climb in July to Highest Level in 2020

08.17.20 | FTR


FTR reports final net trailer orders continued to climb in July, reaching 19,300 units, their highest level for the year. July order activity was up 33% from June and +84% y/y. Trailer orders now total 173,000 for the past twelve months. 

Dry van orders sustained their momentum after diving perspicuously during the pandemic. Refrigerated van orders were solid for the second straight month. However, flatbed orders remained soft, as the manufacturing sector struggles to regain its footing. Backlogs should begin to stabilize, providing a base for higher 2021 production.  


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


Don Ake, FTR vice president of commercial vehicles, commented, “July’s order volume is significant, as it allows most OEMs to maintain production rates for the next few months. Fleets are displaying renewed confidence in the freight markets and have increased their ordering volumes accordingly. OEM’s also feel much better about business conditions than they did in Q2. While sales are not vibrant, they are still much better than were expected only a couple of months ago. The industry is making a solid comeback considering the circumstances.

“The best news about July is that some of the orders came from dealers. OEMs were concerned that their dealers were overstocked in May and that would limit future production. However, dealer sales were stronger than expected in June and July, prompting dealers to place some restocking orders. This indicates some medium and small fleets are finding plenty of freight to haul. The improved business conditions also indicate larger fleets are beginning to replace older trailers, after pausing during the pandemic.”

 

To contact FTR, send an email to sale[email protected]ntel.com or call (888) 988-1699 ext. 1 and follow us on Twitter @FTRintel.


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