FTR Reports Final Net Trailer Orders for October at 20,200 Units

11.17.16 | FTR

FTR reports final October net trailer orders at 20,200 units, up 72% m/m but down 38% y/y. Orders basically met expectations. Although dry van orders in October were the highest in ten months, they were significantly below the robust numbers that came in during the same month in 2015. Backlogs dipped 3% and show signs of stabilizing soon. Trailer orders have totaled 213,000 units the last twelve months. Based on order rate and declining backlogs, production is expected to fall moderately beginning in November. The October trailer build was down 5% m/m affecting all trailer types.

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

Don Ake, FTR Vice President of Commercial Vehicles, commented, “The trailer market is coming back in sync with the Class 8 markets. Large fleets are ordering trailers for replacements in 2017, but not at the level of previous years. They also are not placing many orders for more than six months out. The refrigerated van segment continues to hold up well, while flatbeds are struggling to find the bottom of the cycle.

“The order rates in September and October indicate that trailer build will continue to fall at a moderate rate. November production will be somewhat weaker, and December will be impacted by extended shutdown days around the holidays. January builds should increase, but are dependent on orders staying stable in November and December. Backlogs are still at a reasonably good level, and it appears 2017 will resemble 2013 in many regards.”

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.