FTR reports final August net trailer orders rebounded from July, as expected, to 14,600 units. The August order activity was up 9% m/m and 4% y/y. All trailer segments had small gains with the exception of flatbed, which fell in August after a strong July. Orders have now totaled 265,000 units the last 12 months. Backlogs fell another 11% and are expected to bottom out for the year in September. Production (per day) was unchanged from July.
Don Ake, FTR Vice President of Commercial Vehicles, commented, “August was another quiet, summer month for trailers. Orders remained at the bottom of the cycle as expected. The good news is that build rates remained sturdy for van trailers and the vocational segments also held steady. Backlogs are lower than last year at this time but should start to recover in a couple months.”
“The year 2017 will turn out to be another solid trailer year, pushed up by growing freight demand and tighter industry capacity. Next year is forecasted to be just as strong, and the vocational segments should continue to grow as the industrial economy improves.”
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.