FTR reports final June net trailer orders at 18,900 units, rebounding from May with a m/m improvement of 12% and a 58% increase over June 2016 orders.
The June activity was above expectations, with most segments moderately exceeding their May totals. Trailers orders have now totaled 261,000 units over the past twelve months. Production rose a surprisingly 5% from May primarily in the dry and refrigerated van sectors reducing the overall backlog by 6%.
Don Ake, FTR Vice President of Commercial Vehicles, said, “The trailer market had a fantastic month in June. Production was the highest since July 2015. Orders did not fall all much from the respectable numbers posted in March and April. Backlogs are dropping, but that’s due to the high build rates rather than lower orders.
“Medium and small fleets are ordering trailers as the spot freight market remains hot. Large fleets are taking delivery on orders placed months ago, as the expected stronger freight growth starts to happen. Replacement demand for dry vans continues and flatbed demand has begun to take off. The trailer market continues to exceed expectations in 2017.”