VIEW CART (FTR Reports May Preliminary Trailer Orders Fall to Lowest Level Since July 2016
06.21.19 | FTR
Tweet
FTR reports preliminary trailer orders for May at 11,700 units, the lowest total since July 2016. Orders for 2019 production have basically come to a halt, as most build slots for the year are already filled. Trailer builds were hefty for the third straight month and should remain elevated in the short-term; however, production numbers in the second half will likely moderate due to expected slower economic and freight growth. The flatbed segment is already showing signs of weakening due to easing in manufacturing and industrial activity. Trailers orders for the past 12 months now total 356,000 units.
Click here to view the latest release and an interactive graph of the Trailer Orders >
Don Ake, FTR vice president of commercial vehicles, commented, “Orders ought to rise in June as OEMs begin taking orders for 2020. June orders will be a good indication of how the larger fleets view the freight market for next year. Carriers may be cautious as long as the tariff situation is disrupting freight flows and creating significant business uncertainty.”To contact FTR, send an email to [email protected] or call (888) 988-1699 ext. 1 and follow us on Twitter @FTRintel.
The full trailer data is available as part of FTR's North American Truck & Trailer Outlook service.Click here to view a sample report >
About FTR
FTR has served as the industry leader in freight transportation forecasting in North America for the shipping, trucking, rail, intermodal, equipment, and financial communities for over thirty years. Our team of experts have over 250 years of combined experience in the transportation industry and leverage that knowledge to provide quantitative analysis with historical and modal-specific insights. The reports, data, commentary, and insights that FTR provides help our clients evaluate market risks, identify new opportunities, and make informed decisions.
-
"...FTR has always provided valuable insight for us and has always been a great and trusted resource..."
Accuride Corporation