BLOOMINGTON, Ind. — FTR has reported that US trailer net orders for February saw a 21% jump from January and a 2% increase year-over-year.
The significant improvement in February trailers orders was better than anticipated considering the sturdy backlogs currently at trailer OEMs.
In February, dry van orders remained steady but refrigerated units, dumps and flatbeds improved. Refrigerated vans were up 40% from January with February flatbed orders the highest since October.
Don Ake, FTR vice-president of commercial vehicles, said: “The trailer market continues at a strong and steady pace. Orders were fairly impressive considering the robust ordering at the end of 2015. Van orders have slowed, but it’s good to see the increased orders in the other segments. It would appear the trailer market has stabilized for now at a high level.
“Backlogs are tremendous for dry vans and refrigerated vans. This should support current build rates through Q2 and into Q3. Cancellations were very low, so the backlog looks solid for now. The van market is being driven by pent-up replacement demand. The large fleets are still making good profits and are investing money in upgrading their trailers.”