FTR Reports Final Net Trailer Orders for September at 11,800 Units

10.20.16 | FTR

FTR reports final September net trailer orders at 11,800 units, down 16% m/m and -66% y/y.  Dry van orders fell even further than overall trailer orders, -43% m/m and -80% y/y.  In spite of falling trailer orders, build for September was up an impressive 10% per day over August.  The lower than expected orders and stronger build rates resulted in the backlog dipping below 100,000 trailers for the first time since January 2014.  Trailer orders have now totaled 226,000 units for the past 12 months.

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 lower order rate in September is consistent with a cooling market in 2017.  Fleets are uncertain and nervous about freight demand and declining profits.  They are not going to place huge orders covering demand for the next 12 months, as they have the last two years.  Lead times are much more reasonable, so fleets will evaluate their needs on a month-to-month basis for a while.  This means order rates should come in line with production fairly soon.”

“September production was surprisingly strong after two noticeable weaker months in July and August.  Some OEMs boosted production after the vacation breaks, and there were also more pup trailers built for package carriers in anticipation of the holiday shipping season.  Factory shipments were way up, cutting into bloated inventories.  This is a positive sign for trucking in Q4.”

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.