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FTR Reports March Trailer Orders Well Below Expectations

04.20.16



FTR reports U.S. Trailer net orders for March, at 13,800 units, down 35% m/m and 39% y/y. The monthly order activity, the lowest since July 2013, was disappointing and well below expectations. Despite the weak numbers for March, orders have totaled 291,000 units for the last twelve months and backlogs are down only 6% y/y.

Dump trailers were the strongest of any trailer segment with all others showing weakness m/m. Overall March trailer build remained flat on a per day level for the third consecutive month; however, refrigerated van build was up 11% m/m per day.

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 long, strong run of the trailer market finally appears to be moderating. Backlogs are still robust, so production should be steady for the next several months. However, production on a per day level has been unusually flat the first three months of 2016, and the low order total in March will put absolutely no upward pressure on build.

“Dry van orders were weak because the vast majority of fleets placed their 2016 orders from August 2015 through February 2016. A large chunk of these orders were to replace older units that were not upgraded due to the aftermath of the Great Recession. The big question now is how solid the backlog will be if the economy remains stagnant.”

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.