Net trailer orders surged in October to 44,000 units

Net trailer orders surged in October to 44,000 units

FTR reports that U.S. trailer net orders surged in October to 44,000, rising 91% from the previous month. Orders were 161% higher than in October 2021. Backlog levels jumped 13% on the increased orders after a downward trend for most of the year. October build rates were down 9% from September but were up 3% from October 2021.

Build is generally stable and in a narrow range – running from 23,000 to 27,000 for eight of the last nine months. Upward momentum for production output remains elusive.

Jonathan Starks, FTR’s chief executive officer and chief intelligence officer, commented, “Trailer manufacturers seem to have found themselves in a goldilocks environment for the moment. Demand for new equipment remains robust despite the worries of a weak economy, and suppliers and labor have been able to maintain a solid level of output since early this year. We expect these conditions to remain in place through mid-2023 before economic uncertainties force weaker freight levels and demand for new equipment eases.”

You May Also Like

Range Energy receives $23.5M in new financing for electric trailers

This recent funding follows the company’s $8M seed round from November 2022, bringing total funding to $31.5M.

Range-energy-trailer

Range Energy announced a $23.5 million new financing round led by Trousdale Ventures and with participation from UP.Partners, R7, and Yamaha Motor Ventures. Range says it will use the money to expand customer pilot programs for its electric-powered trailers, as well trailer production. Additionally, Range says it is also working to develop a new trailer data and telematics platform. 

MEMA responds to finalized EPA Phase 3 standards

MEMA and its members welcome the EPA’s final rule for Greenhouse Gas Emissions Standards for Heavy-Duty Vehicles.

Mema-the-vehicle-suppliers-association-epa-phase-3-emissions-heavy-duty
The search is on: Returning initiative to reward military veteran driver with Kenworth T680

The competition is searching for America’s top rookie military veteran driver, who transitioned into trucking after military service.

Kenworth-T680-donated-transition-trucking-military-veterans
Full Truck Alliance releases 2023 fiscal report

FTA says y/y net revenues and fulfilled orders were up considerably, while its net income more than quadrupled from 2022.

transprotation-market-generic
NACFE: natural gas sits in ‘messy middle’

The organization believes RNG to be a good fuel for fleets looking to decarbonize now, but expects some companies may hold out for BEVs.

NACFE-Natrual-Gas-Confidence-Report-Cover

Other Posts

S&P Global Mobility: U.S. commercial truck market beat expectations

According to new CV registrations in 2023, 45% of upfitted vehicles are being used as service/utility vehicles, or as dry freight vans.

Generic-commercial-vehicle-market-data-sp-global-mobility-upfitting
Last Peterbilt Model 389 raises $1.5M for charity, so far

Peterbilt and Rush Truck Centers split $1.5M between two charities, the last Model 389 is now part of a sweepstakes which will benefit a third.

Peterbilt-Rush-Truck-Centers-last-model-389-donation
Volvo, Westport joint venture to reduce long haul CO2 emissions

The companies anticipate that the joint venture will become operational in Q2 of 2024.

westport-logo-volvo-reducing-carbon-dioxide-co2-emissions
EPA finalizes Phase 3, slows stringency before MY 2032

The new emissions standards are expected to improve public health and air quality, while giving companies enough lead time to meet the goals.

EPA-emissions-trucking-generic