FTR Reports Preliminary December Trailer Orders at Record Levels Reaching 47,000 Units

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FTR reports preliminary December U.S. net trailer orders at all-time high of 47,000 units, 10% above November and +38% y/y.  December orders, when finalized, are expected to exceed the previous high of 45,800 reached in October 2014.  Total trailer orders for 2017 were 308,000 units.

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Click here to view the latest release and an interactive graph of the Trailer Orders >

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Fleets are ordering thousands of dry vans to deal with exceptionally tight trucking capacity pushed to the edge by the ELD mandate.  Freight continues to grow without enough equipment to haul it.  Carriers are resorting to much more drop-and-hook to compensate for the lack of drivers, and they need significantly more trailers to manage the demand.

Across the board economic growth is also keeping trailer demand strong in the other segments.  Refrigerated freight remains robust and the flatbed market continues to surge with construction and manufacturing growth boosting demand.  Higher crude prices are reviving tank trailer sales.

Don Ake, FTR Vice President of Commercial Vehicles, commented, “December was just an awesome month for trailer orders.  We have seen pressure build on equipment markets for several months, and this shows Q1 is going to be hectic as fleets scramble to keep up with freight demand.”

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About FTR
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.