• FTR: Final trailer orders in May at 4,300 units

    Trailer orders for the past 12 months now total 155,000 units.
    June 19, 2020
    2 min read

    FTR reports final net trailer orders for May improved over the dismal April activity, coming in at 4,300 Units. May orders were more than 1,200% month over month (m/m) but still substantially lagging last year with a negative 64% year-over-year comparison. New orders are still tepid, and cancellations were elevated for the third consecutive month. Trailer orders for the past 12 months now total 155,000 units.

    “Freight demand has started a slow and choppy recovery after hitting the bottom in mid-April. The freight markets should continue to improve as concern about the pandemic wanes and more sectors of the economy reopen,” said Don Ake, FTR vice president of commercial vehicles. “A key area is the manufacturing sector which got severely crunched when many factories shut down, some not reopening until May. Industrial-related freight will take longer to recover than consumer freight.”

    All segments except flatbeds and specialty experienced m/m order increases. It appears that fleets were still reluctant to replace old trailers in the throes of the pandemic, which crashed the economy in March. Carriers continue to monitor the freight markets closely before committing to placing orders for 2020 deliveries.

    “There are signs of life in the trailer market. We expect June orders to be much better than the previous two months. After that, it depends on the speed and strength of the economic recovery,” Ake added. “The summer is traditionally a weak time for trailer orders, but the buying cycles have been disrupted. Everything ordered in the next four months should still be for use this year. There is still a fair amount of quote activity happening, it just depends on fleet confidence going forward.”    

    About the Author

    FleetOwner Staff

    Our Editorial Team

    Kevin Jones, Editorial Director, Commercial Vehicle Group

    Josh Fisher, Editor-in-Chief

    Jade Brasher, Senior Editor

    Jeremy Wolfe, Editor

    Jenna Hume, Digital Editor

    Eric Van Egeren, Art Director

    Sign up for our free eNewsletters

    Voice Your Opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!