FTR reports preliminary trailer orders bounce back

FTR reports preliminary trailer orders bounce back
Trailers orders for the past 12 months now total 341,000 units, FTR reports.
OTR AD Web 300x250 Aug

Bloomington, Ind. — FTR reports preliminary trailer orders bounced back in August to 15,100 units, up 79% from July, but still down 47%. Trailer orders for the past 12 months now total 341,000 units.

“During August, a few OEMs began limited bookings for 2022,” FTR said in a news release.  “Fleets are eager to lock up prime 2022 build slots; however, OEMs continue to be careful in managing order scheduling. OEMs will not be able to build all the orders wanted in 2021. These orders will roll into the first quarter of 2022. This and the uncertain supply chain make it difficult for trailer builders to slot orders and plan production for next year.

Don Ake, FTR vice president of commercial vehicles, said: “The disruptions in the supply chain have disrupted production in 2021 and are now delaying order placements in 2022. OEMs do not know when they will be able to ramp up production, so a tremendous amount of uncertainty exists. The supply chain is expected to remain clogged for several more months and then improve at a gradual level throughout the first half of next year.”

Ake added that  “there is enormous demand for new trailers in 2022. OEMs are not producing enough trailers in 2021, so pent-up demand grows every month. Freight growth is expected to be robust, rolling into next year. Fleets are desperate for more new trailers today, and they perceive an even greater need next year. When OEMs begin booking at full throttle for 2022, there could be a record number of trailer orders for the month.”

The Trucker News Staff produces engaging content for not only, 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.