FTR, the Bloomington, IN-based leader in freight transportation forecasting, is reporting solid August net trailer orders at 23,135 units, a 27% increase from July and 45% above a year ago. According to data collected by FTR, orders were particularly strong in the refrigerated van, dry tank and dump trailer segments.
FTR reports that much of the August order activity is for production in 2015, in reaction to increasing capacity constraints and long lead times at trailer manufacturers, with some fleets placing orders early to beat expected price increases as well.
Don Ake, FTR Vice President of Commercial Vehicles, comments, “August trailer order activity is a very positive development and reflects strong market momentum approaching the fall ordering season. FTR sees no signs of the trailer market slowing down, so we expect good order numbers for the next few months. All trailer segments are seeing good order activity.”