better-empty-trailer.jpg

FTR: Trailer orders continue to outpace previous years

May 11, 2018
April 2018 trailer orders were still solid for the month, with a 10% increase compared to April 2017 and 21% higher than 2015.

While April didn't compare to March, trailer orders continue to outpace previous years, due to the capacity crunch and driver shortages, according to FTR Transportation Intelligence.

FTR reports preliminary April trailer orders at 22,000 units, a month-over-month decline of 20% from March which simply reflects a typical seasonal adjustment. April 2018 trailer orders were still solid for the month, with a 10% increase compared to April 2017 and 21% higher than the excellent year of 2015. Backlogs will now begin to decline as is typical this time of year. Trailer orders have totaled 330,000 for the past twelve months.

“Most fleets have their orders placed for 2018 and some dry van OEMs are booked solid for the year," said Don Ake, FTR vice president of commercial vehicles. "Component shortages are increasing and may prevent all the orders in the backlog from being built this year. However, there is still capacity available for refrigerated van and vocational trailer orders, and the chugging economy should continue providing increased sales of all trailer types.”

“This is still a decent April for trailer orders," added Ake. "It is higher than 2015 and signals the market will stay red-hot for a while. Some orders are already rolling into 2019. Solid freight growth and high trailer capacity utilization rates mean more trailers are needed to help relieve this capacity crunch and compensate for driver shortages."

About the Author

Fleet Owner Staff

Our Editorial Team

Kevin Jones, Editorial Director, Commercial Vehicle Group

Cristina Commendatore, Executive Editor

Scott Achelpohl, Managing Editor 

Josh Fisher, Senior Editor

Catharine Conway, Digital Editor

Eric Van Egeren, Art Director

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

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