FTR Reports Preliminary Trailer Orders Hold Steady in February at 24,600 Units
Bloomington, IN – (Trailer Technician) – FTR reports preliminary trailer orders held steady in February at 24,600 units, -5% m/m and -4/% y/y. Trailer orders for the past twelve months have totaled 242,000 units.
Orders have tracked in a narrow range for the past 6 months, averaging 25,700 trailers per month. Bookings have exceeded production by about 3,000 units a month during this time, allowing backlogs to increase modestly.
Don Ake, FTR vice president of commercial vehicles, commented, “The tight holding pattern in the industry continues. OEMs are reluctant to book more orders when the supply chain is still clogged. The commercial trailer industry is the most stable it’s ever been. OEMs will increase production as soon as they can get more parts, components, and workers. When this finally breaks loose, order volumes will jump substantially.
“There is tremendous demand for new trailers and the supply chain crisis has created a severe shortage. Some previous retired trailers that were being used for storage or drayage are now being refurbished and returned to active duty. Freight growth continues in all segments, so every month the need for trailers intensifies.”
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
To learn more about FTR visit www.FTRintel.com, Follow us on twitter @FTRintel and connect with us on LinkedIn! To contact FTR, call 888-988-1699 or email [email protected]