FTR reports final May net trailer orders at 16,600 units, down 17% m/m but continuing to show strong y/y comparisons, up 26% versus a year ago. May trailer orders started the typical seasonal decline after two months of stronger than expected activity. Most segments experienced m/m reductions, except for liquid tanks and lowbeds, each of which had small increases. Trailer orders have now totaled 253,000 units for the past twelve months. Backlogs fell 7% and remain 15% below a year ago; production was up 3% from April on a per day basis.
Don Ake, FTR Vice President of Commercial Vehicles, commented, “This was a very typical month for the trailer market. Business activity met expectations, with few surprises. Refrigerated trailers appear to be weakening a bit faster than expected, but sales had been so strong, for so long, this had to happen eventually. The vocational (non-van) segments have stabilized and continue to make a moderate recovery.”
“It still looks like a great year for the trailer market. Replacement demand remains vibrant in the dry van segment and steady in the other segments. Expected increases in freight volumes is creating expansion demand in many segments. This should provide decent market momentum rolling into 2018.”
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.
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