FTR reports U.S. Trailer net orders for February at 21,300 units, a 21% increase from January and up 2% year-over-year. The significant improvement in February trailers orders was somewhat better than anticipated considering the sturdy backlogs currently at trailer OEMs, according to FTR. After strong order activity in late 2015, trailer orders for the past twelve months total 300,000 units.
In February, dry van orders remained subdued but refrigerated units, dumps and flatbeds improved. Refrigerated vans were up 40% from January with February flatbed orders the highest since October. Trailer build on a per day basis was generally flat month-over-month.
“The trailer market continues at a strong and steady pace,” said Don Ake, FTR’s vice president of commercial vehicles. “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.”