TheTrucker.com

FTR reports trailer orders fell in February

Reading Time: < 1 minute
FTR reports trailer orders fell in February
Preliminary trailer orders fell 23% month over month in February, although it is 64% above orders in February 2020, according to an FTR report. (Courtesy: FTR)

BLOOMINGTON, Ind. — FTR reports that preliminary U.S. net trailer orders continued to moderate in February, falling 23% month over month to a total of 23,100 units.

Although orders fell, the figure is still 64% above February last year. February order activity is very consistent with seasonal trends, following a record-setting fourth quarter in 2020, according to FTR analysts.

“Fleets have placed large orders for trailers in response to the robust freight demand,” said Don Ake, FTR’s vice president of commercial vehicles. “OEMs are under pressure to fill these orders due to bottlenecks in the supply chain. Suppliers are facing worker shortages; some raw materials are scarce and there are still delays getting some imported parts through the West Coast ports. Once the situation improves, production will be steady, at high volumes for an extended time.”

Trailer orders for the past 12 months total 322,000.

Freight markets continue to be secure, with more trailers needed to meet the growing demand.

Most fleets have already placed all orders for 2021 delivery, especially for dry and refrigerated vans. Flatbed orders and other vocational segments are expected to continue to recover until entering the summer months.

“2021 will be another fantastic year for the trailer industry once the supply chain stabilizes,” Ake said. “Freight growth should continue to be vibrant throughout the year. Consumer freight has been elevated for months and now manufacturing freight is poised to bounce. Demand for trailers will continue at elevated rates, right into 2022. Fleets desperately need more trailers right now, and this trend will continue until supply catches up with demand.”

The Trucker News Staff

The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.

Avatar for The Trucker News Staff
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
For over 30 years, the objective of The Trucker editorial team has been to produce content focused on truck drivers that is relevant, objective and engaging. After reading this article, feel free to leave a comment about this article or the topics covered in this article for the author or the other readers to enjoy. Let them know what you think! We always enjoy hearing from our readers.

COMMENT ON THIS ARTICLE