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FTR Reports Preliminary Trailer Orders Fell in January After 4-Month Run of Robust Orders

02.11.21 | FTR


FTR reports that preliminary U.S. preliminary net trailer orders came in at 30,000 units for January, falling 34% from the robust December numbers. However, January 2021 orders were 83% higher than last January. Trailer orders for the past twelve months total 313,000.

January trailer order activity met expectations, as most of the large fleets had already placed their 2021 requirements orders previously. A couple of OEMs are booked solid for dry vans for all of 2021 and have limited capacity to book additional orders. Orders for refrigerated vans have been robust for the last four months, so the pace here is moderating also. Orders for flatbeds have risen noticeably over the last two months and are expected to continue to improve in January.


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


Don Ake, FTR vice president of commercial vehicles, commented, “Fleets are expecting 2021 to continue to be a great year for freight and have placed a hefty number of orders in the last five months. Replacement demand is solid because carriers are profitable. Expansion demand is growing due to the capacity constraints that emerged after the economic startup. Orders should continue to ease down due to the lack of available build slots. The challenge right now is for OEMs to fill near-term orders due to raw material and component shortages.

“The good news about January orders is that flatbed orders continue to recover. This will allow OEMs to raise build rates through the first half of the year. Dump and tanker orders are also expected to show gains. This means the manufacturing and the industrial sectors are showing strength, and this should translate to lower unemployment and GDP support later in the year.”
 
 

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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
For more than 30 years, FTR has served as the industry leader in freight transportation forecasting for the shipping, trucking, rail, intermodal, equipment, and financial communities in North America. FTR’s experts, with over 250 years of combined experience in the transportation industry, provide quantitative analysis with historical and modal-specific insights. FTR’s reports, data, commentary, and insights help clients evaluate market risks, identify new opportunities, and make informed decisions.
 
FTR is the only company with a complete set of freight data for all modes of transportation with detail at the 3 Digit STCC commodity level. FTR tracks and forecasts 200+ unique commodity groups both quarterly and annually using their proprietary Freight•cast U.S. freight transportation model. FTR’s Transportation Conference held annually in September in Indianapolis is a unique event bringing together every aspect of the freight transportation world into one place. For more information, go to: www.FTRconference.com