FTR Reports Final Trailer Orders Rose Significantly in June to 14,400 Units

FTR reports final net trailer orders for June rose significantly to 14,400 units, 10,000 above May and +9,000 y/y. Final U.S. trailer orders rebounded in June after two sluggish months. June orders were the second-highest monthly total this year. Trailer orders for the past twelve months total 164,000.

The June increase was boosted by a recovery in the dry van market supplemented by decent refrigerated van orders. Flatbed orders remain lethargic. Even though June activity was much improved, there is still too much uncertainty about the pandemic for fleets to have the confidence to order in large quantities. Backlogs continue to fall but are sufficient to support current production in the van sements, while flatbed producers continue to scramble for orders to build in Q4.

Don Ake, FTR vice president of commercial vehicles, commented, “Some of the larger fleets are sticking to their replacement cycles and ordering trailers. Freight has recovered to the point that well-run carriers are profitable, and fleets can retire older trailers. As freight volumes continue to improve, more fleets will be confident to place orders for delivery this year. Quote activity is picking up some. However, there are still significant headwinds facing the trailer market as the pandemic hangs on.

“Even though the total was not that impressive, this is still good news for the trailer market. Fleets are closing on some deals that were bid before the pandemic and there are indications this trend will continue. It will take several more months, but it appears the trailer market is climbing out of the crevasse it was in and has put the worst of the economic crisis behind it.”

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 www.FTRconference.com.