FTR Reports Final Trailer Orders Dip in May to 13,300 Units

06.17.16 | FTR

FTR reports Final U.S. Trailer net orders for May met expectations, at 13,300 units.  Order activity was down 16% m/m and down 15% y/y, registering the weakest order month since August 2010.  Orders have totaled 286,000 units for the last 12 months and backlogs are now down 9% y/y.

Dry van orders dipped 20% m/m, but that was expected to happen based on strong backlogs. Refrigerated van orders held fairly steady versus last month.  Flatbed, tanker, and dump trailer orders were comparable to April’s totals, which also was expected.  Production did increase 3% over April.

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 operating normally at this point in the yearly cycle and should continue on this path for the next several months.  There is a concern because inventories have increased for five straight months and are getting somewhat elevated.  We are probably at or approaching the top of this production upcycle.

“Dry Van and Reefer production should remain steady due the high backlogs, but the market is starting to show some tiredness after a very impressive run.  The flatbed and tanker segments are displaying some stability, so hopefully they have stopped their decline.”

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.