FTR Reports June Trailer Orders Down 10% from May at 11,900 Units

07.21.16 | FTR

June U.S. Trailer net orders for June, at 11,900 units, were down 10% m/m and 56% y/y and the weakest June since 2009. Orders were below expectations due to elevated dry van cancellations.  Orders have totaled 271,000 units the last twelve months with backlogs falling to their lowest level since September 2014.  Orders in all trailer segments were similar to May’s totals with the exception of dry vans, which were down by 2,000 units from the previous month. Segmented trailer production was either flat m/m or marginally down. 

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Don Ake, FTR vice president of commercial vehicles, commented, “Trailer orders were down in June due to cancellations in the dry van segment.  It appears that Q4 backlog has begun to soften because of moderating freight demand, with fleets reevaluating their second-half requirements.  Monthly trailer orders have averaged only 13,700 units, so the market is cooling.  Backlogs fell 15,000 units, likely a record drop for one month.

“The good news is that production remains strong in the van segments.  Backlogs are still decent and production should fall only moderately in the coming months. However, flatbeds and tankers are not expected to improve any time soon.  Dump trailer orders have weakened, so production cuts are probably on the way.” 

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.