BLOOMINGTON, Ind. — June U.S. Trailer net orders were down 10 percent from May and 56 percent from June 2015, transportation analyst firm FTR reported July 20. At 11,900 units, the month was the weakest June since 2009. Orders totaled 271,000 units the last twelve months, according to FTR, with backlogs falling to their lowest level since September, 2014.
“Trailer orders were down in June due to cancellations in the dry van segment,” Don Ake, FTR vice president of commercial vehicles, said. “It appears that quarter four backlog has begun to soften because of moderating freight demand, with fleets reevaluating their second-half requirements. Monthly trailer orders have averaged only 13,700 units, so the market is cooling. Backlogs fell 15,000 units, likely a record drop for one month.
“The good news is that production remains strong in the van segments. Backlogs are still decent and production should fall only moderately in the coming months. However, flatbeds and tankers are not expected to improve any time soon. Dump trailer orders have weakened, so production cuts are probably on the way.”
“June’s net order volume was impacted by both low new order volume and higher cancellations,” said Frank Maly, director CV (commercial vehicle) Transportation Analysis and Research at Columbus, Indiana-based ACT Research. “Both these factors result from an enhanced level of caution expressed by fleets over current business conditions.”
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