Lowest month for trailer orders since September 2016

FTR reports the 13,500 units also made for the lowest March since 2008.

Lowest month for trailer orders since September 2016

FTR reports the 13,500 units also made for the lowest March since 2008.

Lowest month for trailer orders since September 2016

FTR reports the 13,500 units also made for the lowest March since 2008.

 

   FTR reports preliminary trailer orders for March at 13,500 units, “plummeting to the smallest monthly total since September 2016 and the lowest March since 2008.”
    “Recent comparisons were also very negative,” FTR said, with a drop of 43 percent month-over-month and 52 percent year-over-year. Trailer orders for the past 12 months now total 371,000 units.
    Dry van orders were particularly low, FTR said, with few build slots available left in 2019. Vocational trailer orders also continue to fall. “The low level of trailer order activity in March should result in backlogs finally beginning to move down from record levels.”
    Don Ake, FTR vice president of commercial vehicles, said, “This low order number is not surprising. Backlogs had fallen little so far in 2019 and are at unreasonable levels. Fleets still need more trailers, based on the robust production, so demand has not changed in the short run. The weak orders are totally the result of the lack of available production openings. However, cancellations will continue to be a factor due to a large, fluid backlog.”

The growth of online grocery sales has the U.S. market for cold-storage warehouses poised for strong growth, potentially creating demand for up to 100 million square feet of industrial cold-storage space over the next five years.

The fastest liner transit (excluding transshipments) from China to the Netherlands is from Yantian to Rotterdam at 23 days, according to BlueWater Reporting’s Country to Country Transit Analysis by Service tool.

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Lowest month for trailer orders since September 2016

FTR reports the 13,500 units also made for the lowest March since 2008.

Apr 15, 2019 on Dec 27, 2018AmericanShipper.com

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Lowest month for trailer orders since September 2016

FTR reports the 13,500 units also made for the lowest March since 2008.

Apr 15, 2019 on Dec 27, 2018AmericanShipper.com