BLOOMINGTON, IN – Net trailer orders in the U.S. recovered dramatically in June from the month before, hitting a level of 26,7000, according to the freight transportation forecasting firm FTR.
This is a 76% increase from May and 32% better than a year ago.
FTR said several large dry van orders for delivery in 2016 boosted June orders with refrigerated van orders also exceeding expectations. The large order volume in June kept backlogs at a steady level in spite of trailer build increasing 1% per day over May production.
U.S. trailer orders have now totaled 333,000 units over the past twelve months.
Dry van orders for June were the result of significant placements with a few OEM’s and production was very strong during the month.
Refrigerated van orders were also good, although not as strong as the dry segment. Contrary to most of the segments, flatbed orders were particularly weak for the month.
“There is a dichotomy in these numbers. Vans, both dry and reefer, had a great month. The fact that some fleets are so confident about next year that they placed orders three months early, is a great sign for the industry,” said Don Ake, FTR vice president of commercial vehicles. “However, there is concern in some of the other segments. Flatbed orders were unusually low; hopefully that is simply because all the orders are in for this year with fleets now waiting to begin ordering for 2016 during their typical purchasing season later in the year.”
He noted both liquid and dry tank markets have also started to slow down, primarily a result of softening in the energy industry.
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