FTR Reports Record Preliminary Trailer Orders for Month of February at 32,000 Units

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FTR reports preliminary February orders at 32,000 units, 24% above a year ago.  While down 20% m/m, the February activity was the fifth consecutive month that trailer orders exceeded 30,000 units; and If the preliminary numbers hold, it will be a record February for trailer orders.  Orders dropped from the huge volumes of the past three months but remain historically high.  Backlogs should rise above 170,000 units for the first time since early in 2016.

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

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Don Ake, FTR Vice President of Commercial Vehicles, commented, “The trailer market remains red-hot.  Fleets are scrambling to add capacity and are ordering large numbers of trucks and trailers.  Most of these orders are for the second half of the year.  This is good news for the economy and the industry in that carriers expect the solid freight demand to last throughout 2018.  The economy is vibrant and producing freight growth across all sectors, which is boosting all segments of trailers and resulting in record order months.”

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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.