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FTR: Preliminary Trailer Orders Set Record for July

August 24, 2018, 07:20 AM
Filed Under: Trucking
Related: FTR, Trailers, Trucking

U.S. trailer orders set a record for the month of July, coming in at a surprising 28,000 units, FTR reported. Trailer orders have now totaled an impressive 350,000 units for the past 12 months.  Orders were up 109 percent year over year.

Original equipment manufacturers have opened up some of the 2019 order boards, so fleets have started ordering a couple months early to reserve build spots and lock in prices, FTR reported. Carriers expect to add more trucks in 2019 and will need additional trailers for them. Freight growth continues to strain industry capacity. Refrigerated van orders were particularly strong, and dry van orders rebounded after a weak June.

“This is a terrific order number for a month of July. Usually July is the lowest order month of the year, but not this year. This indicates the trailer market should continue to be robust in 2019,” commented Don Ake, FTR Vice President of Commercial Vehicles. “Strong economic and freight growth is expected to continue and, as a result, trailer production is at record levels. Orders should stay elevated as fleets continue to place orders earlier than normal for 2019.”

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