For More Information Contact:
Chris Kemmer, Consultant
CK Marketing & Communications
VP, Customer Relations, FTR
FOR IMMEDIATE RELEASE
FTR Reports Final Net Trailer Orders For June Were Above Expectations at 18,900 Units
Bloomington, IN (July 18, 2017) FTR reports final June net trailer orders at 18,900 units, rebounding from May with a m/m improvement of 12% and a 58% increase over June 2016 orders. The June activity was above expectations, with most segments moderately exceeding their May totals. Trailers orders have now totaled 261,000 units over the past twelve months. Production rose a surprisingly 5% from May primarily in the dry and refrigerated van sectors reducing the overall backlog by 6%.
Don Ake, FTR Vice President of Commercial Vehicles, commented, “The trailer market had a fantastic month in June. Production was the highest since July 2015. Orders did not fall all much from the respectable numbers posted in March and April. Backlogs are dropping, but that’s due to the high build rates rather than lower orders.”
“Medium and small fleets are ordering trailers as the spot freight market remains hot. Large fleets are taking delivery on orders placed months ago, as the expected stronger freight growth starts to happen. Replacement demand for dry vans continues and flatbed demand has begun to take off. The trailer market continues to exceed expectations in 2017.”
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.
To access charts suitable to accompany this release, please go to http://info.ftrintel.com/l/66642/2015-08-26/3bmqv3