Image

FTR: Trailer orders for November third highest in history

Dec. 18, 2015
FTR reports that in November 2015 U.S. trailer net orders exceeded expectations for the second consecutive month.

FTR reports that in November 2015 U.S. trailer net orders exceeded expectations for the second consecutive month at 39,300 units, making it the third highest month on record.

The order total for the month was up 19% m/m, and 1% above a year ago. Trailer orders have now totaled 332,000 for the past 12 months, according to FTR.

Dry van orders for November were exceptional, up 44% m/m and the best since December 2014, FTR reports. Refrigerated vans, while lower than the record numbers experienced in October, remained robust for the third straight month.  Dump trailer orders showed continued strength; and all other segments met expectations, resulting in mostly positive across the board order intake for the month.  Trailer build was up 4% (per day) versus October. 

“The trailer market continues to show remarkable resilience entering 2016,” said Don Ake, vice president of commercial vehicles. “This is the third highest order month ever and some segments aren’t even doing very well. It is particularly impressive, considering Class 8 demand is faltering and freight growth is slowing somewhat due to the manufacturing slump. Demand is still strong because the replacement cycle for dry vans remains very favorable. The recession and slow recovery delayed some replacement demand, and carriers are still modernizing their fleets. In addition, fleets are being encouraged to place their entire 2016 requirement orders now, due to continuing OEM capacity constraints.”

Voice your opinion!

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

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...