FTR Reports Final Trailer Orders Improved in September to 28,300 Units as Some Large Fleets Place Orders for 2022
Bloomington, IN – (Trailer Technician) – FTR reports final trailer orders improved in September to 28,300 units only because a few large fleets sent in requirements for 2022. September orders were +109% m/m but -45% y/y. Trailer orders now total 316,000 units over the past twelve months.
Most OEMs entered few orders for 2022 due to uncertainties involving production capacity, supply chain performance, high commodity prices, and labor force supply, entering 2022. Many OEMs have unfilled orders from 2021 which will roll into the first quarter of 2022 and this makes production planning difficult. Orders will surge when OEMs are more confident about future manufacturing conditions.
Don Ake, FTR vice president of commercial vehicles, commented, “The supply chain bottlenecks which hampered production throughout 2021 will, unfortunately, continue into 2022. Trailer OEMs are facing shortages of over two dozen components including steel, aluminum, rubber products, wood flooring, wiring harnesses, and plastic parts, etc. The supply chain is now expected to improve only at a modest pace throughout 2022.”
“Fleets are desperate for new trailers. There are reports from the field of trailers breaking down because they are being run for an extended time due to the shortage of new trailers. The pent-up demand is growing every month, so when the trailer OEMs are finally able to ramp up production, they will be under pressure to produce at elevated rates for an extended time.”
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